Barclays Maintains Underweight on Coinbase Glb, Raises Price Target to $179
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Benjamin Budish maintains an Underweight rating on Coinbase Global (COIN) and raises the price target from $146 to $179.
April 08, 2024 | 2:02 pm
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Barclays maintains an Underweight rating on Coinbase Global but raises the price target from $146 to $179.
While the Underweight rating suggests caution, the increase in price target from $146 to $179 by Barclays indicates a positive adjustment in valuation expectations for Coinbase Global. This mixed signal could lead to neutral short-term price movement as investors weigh the caution against the raised target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100