Goldman Sachs Maintains Neutral on Coinbase Glb, Lowers Price Target to $255
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Will Nance maintains a Neutral rating on Coinbase Global (NASDAQ:COIN) and lowers the price target from $295 to $255.

May 03, 2024 | 10:21 am
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NEGATIVE IMPACT
Goldman Sachs has maintained a Neutral rating on Coinbase Global but reduced the price target from $295 to $255.
The reduction in price target by Goldman Sachs, a major financial institution, could lead to a negative short-term sentiment among investors, potentially causing a decrease in the stock price of Coinbase Global. The Neutral rating remains unchanged, indicating that the analyst sees limited upside or downside from the current price level, but the lower price target suggests a revision of the expected future performance of the company.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100