Barclays Maintains Underweight on Coinbase Glb, Raises Price Target to $204
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Benjamin Budish maintains an Underweight rating on Coinbase Global (COIN) and raises the price target from $179 to $204.
May 06, 2024 | 3:21 pm
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NEUTRAL IMPACT
Barclays maintains an Underweight rating on Coinbase Global but raises the price target from $179 to $204.
While the Underweight rating suggests caution, the increase in price target from $179 to $204 indicates a positive adjustment in valuation expectations by Barclays. This mixed signal could lead to neutral short-term price movement as investors digest both the caution and the increased valuation.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 90