Raymond James Upgrades Coinbase Glb to Market Perform
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst Patrick O'Shaughnessy upgraded Coinbase Global (NASDAQ:COIN) from Underperform to Market Perform, indicating a more favorable outlook on the company's stock.
March 12, 2024 | 9:03 am
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Coinbase Global's stock rating was upgraded by Raymond James from Underperform to Market Perform, suggesting an improved outlook.
Upgrades by analysts, especially from firms as reputable as Raymond James, can lead to increased investor confidence and potentially drive up the stock price in the short term. The upgrade from Underperform to Market Perform suggests that the analyst sees fewer downside risks to the stock, which could attract more investors.
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