HC Wainwright & Co. Maintains Buy on Coinbase Glb, Lowers Price Target to $255
Portfolio Pulse from Benzinga Newsdesk
HC Wainwright & Co. has maintained a Buy rating on Coinbase Global (NASDAQ:COIN) but lowered the price target from $295 to $255.
October 31, 2024 | 1:54 pm
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NEUTRAL IMPACT
HC Wainwright & Co. has maintained a Buy rating on Coinbase Global but lowered the price target from $295 to $255, indicating a more cautious outlook.
The maintenance of a Buy rating suggests continued confidence in Coinbase's potential, but the lowered price target reflects a more cautious outlook, possibly due to market conditions or company performance. This mixed signal may result in neutral short-term price movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100