B of A Securities Maintains Neutral on Coinbase Glb, Raises Price Target to $214
Portfolio Pulse from Benzinga Newsdesk
B of A Securities has maintained a Neutral rating on Coinbase Global (NASDAQ:COIN) but raised its price target from $196 to $214.
October 31, 2024 | 12:39 pm
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B of A Securities has maintained a Neutral rating on Coinbase Global but increased the price target from $196 to $214, indicating a positive outlook despite the neutral stance.
The increase in the price target from $196 to $214 suggests a positive outlook for Coinbase, which could lead to a short-term increase in stock price. However, the Neutral rating indicates that the analyst does not see a strong buy opportunity, balancing the impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100