HC Wainwright & Co. Maintains Buy on Coinbase Glb, Lowers Price Target to $295
Portfolio Pulse from Benzinga Newsdesk
HC Wainwright & Co. has maintained its Buy rating on Coinbase Global (NASDAQ:COIN) but lowered the price target from $315 to $295.
August 02, 2024 | 11:25 am
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HC Wainwright & Co. has maintained its Buy rating on Coinbase Global (NASDAQ:COIN) but lowered the price target from $315 to $295.
The maintenance of the Buy rating suggests continued confidence in Coinbase's long-term prospects. However, the lowered price target indicates some caution regarding short-term performance. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100