Goldman Sachs Maintains Neutral on Coinbase Glb, Lowers Price Target to $255
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Will Nance has maintained a Neutral rating on Coinbase Global (NASDAQ:COIN) and reduced the price target from $295 to $255.
May 06, 2024 | 3:20 pm
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NEGATIVE IMPACT
Goldman Sachs maintains a Neutral rating on Coinbase Global and lowers 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 suggests no significant positive catalysts in the near term to counterbalance the lowered price target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100