Keefe, Bruyette & Woods Maintains Market Perform on Coinbase Glb, Raises Price Target to $240
Portfolio Pulse from Benzinga Newsdesk
Keefe, Bruyette & Woods analyst Kyle Voigt maintains a Market Perform rating on Coinbase Global (NASDAQ:COIN) and raises the price target from $230 to $240.
May 03, 2024 | 12:40 pm
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Keefe, Bruyette & Woods maintains a Market Perform rating on Coinbase Global and raises the price target from $230 to $240.
The increase in price target by Keefe, Bruyette & Woods reflects a positive outlook on Coinbase Global's future performance. This adjustment suggests that the analyst sees potential for growth or stability in the company's stock price, likely due to favorable market conditions, operational improvements, or sector trends. Such an endorsement from a reputable analyst firm can positively influence investor sentiment and potentially lead to a short-term increase in stock price.
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