Coinbase Global shares are trading higher after JP Morgan maintained a Neutral rating on the stock and raised its price target from $95 to $150.
Portfolio Pulse from Benzinga Newsdesk
Coinbase Global's stock price increased following JP Morgan's decision to maintain a Neutral rating while raising its price target from $95 to $150.
March 15, 2024 | 7:45 pm
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POSITIVE IMPACT
Coinbase Global's stock price is likely to experience a short-term increase following JP Morgan's updated price target from $95 to $150.
The increase in the price target by a reputable financial institution like JP Morgan can lead to a positive investor sentiment towards Coinbase Global, potentially driving up the stock price in the short term. The maintenance of a Neutral rating suggests that while JP Morgan sees improved prospects for COIN, it remains cautious about the company's long-term outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100