Coinbase Global shares are trading higher. B of A Securities maintained an Underpreform rating on the stock and raised its price target from $92 to $110.
Portfolio Pulse from Benzinga Newsdesk
Coinbase Global's stock is trading higher after B of A Securities maintained an Underperform rating but raised its price target from $92 to $110.
April 10, 2024 | 6:13 pm
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Coinbase Global's stock price increased following B of A Securities' decision to raise its price target from $92 to $110, despite maintaining an Underperform rating.
The increase in Coinbase Global's stock price can be attributed to B of A Securities raising its price target, which signals a positive adjustment in the stock's valuation despite the Underperform rating. This suggests that the market may have reacted positively to the new price target, reflecting investor optimism about Coinbase's future prospects.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100