Check Out What Whales Are Doing With COIN
Portfolio Pulse from Benzinga Insights
Financial giants have shown a bearish sentiment towards Coinbase Global (NASDAQ:COIN) with 48% of options trades being bearish. The stock is currently down by 4.96% at $181.74, and analysts have set an average target price of $169.0. Barclays upgraded its rating to Equal-Weight with a price target of $169.
September 30, 2024 | 3:00 pm
News sentiment analysis
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NEGATIVE IMPACT
Coinbase Global (NASDAQ:COIN) is experiencing bearish sentiment from financial giants, with 48% of options trades being bearish. The stock is down 4.96% at $181.74, and analysts have set an average target price of $169. Barclays upgraded its rating to Equal-Weight with a price target of $169.
The article highlights a bearish sentiment among financial giants towards Coinbase, with a significant portion of options trades being bearish. The stock's recent decline and the average analyst target price being below the current price suggest potential downward pressure. Barclays' upgrade to Equal-Weight provides some support, but the overall sentiment remains negative.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100