Down But Not Out? Analysts Look Ahead
Coinbase Faces New Market Realities
Coinbase Global Inc., a notable player in the cryptocurrency exchange world, recently encountered market turbulence, with its stock slipping by 2.8% to $246.37. Trading activity mirrored this dip, plummeting to 5 million shares compared to the average 11 million. Despite these hurdles, industry experts see promising signs on the horizon for Coinbase.
Analysts Offer a Mixed Forecast
The outlook from financial analysts remains optimistic regarding Coinbase’s potential. Oppenheimer sets a robust target price of $358, rating the stock as an “outperform” asset. Similarly, Monness Crespi & Hardt expressed confidence with a “buy” rating, projecting a target of $390. Goldman Sachs, while slightly…
