Coinbase Inc. (COIN:NSD) Analysts cut targets on Valuation

Analyst Coverage

STA Research has decreased its target price for Coinbase from USD 70 to USD 65 but still maintains a “Buy” rating for the stock. This suggests that although they have lowered their price target, they still believe that the stock is a good investment opportunity and recommend buying it.

Oppenheimer & Co. has an “Outperform” rating on Coinbase, which means they expect the stock to perform better than the overall market. They have revised their price target from USD 84 to USD 70, which indicates a slight decrease in their expectations for the company’s future performance. However, the fact that they still have an “Outperform” rating suggests that they are optimistic about Coinbase’s prospects.

JMP Securities has a “Market Outperform” rating on Coinbase and a target price of USD 90, which is the highest of the three analysts mentioned in the statement. This indicates that they believe Coinbase has significant potential for growth and expect the stock to outperform the overall market.

COIN Forecast & Analysis

Coinbase Global Inc. is a popular cryptocurrency exchange platform, and the statement provides information about the company’s performance and analyst ratings.

According to the statement, the average analyst target price for Coinbase Global Inc. is USD 63.34 over the next 12 months. This suggests that analysts are generally optimistic about the company’s future prospects and believe that the stock has the potential for growth.

The average analyst rating for Coinbase Global Inc. is “Buy,” which indicates that the majority of analysts who cover the stock have a positive outlook on it. This rating suggests that analysts believe that the stock is undervalued and has the potential for significant appreciation.

Stock Target Advisor’s analysis of Coinbase Global Inc. is “Slightly Bearish.” They have based this analysis on three positive signals and five negative signals. This suggests that while there are some positive indicators for the stock, there are also concerns about its future performance.

At the last closing, Coinbase Global Inc.’s stock price was USD 53.44. This is significantly lower than the average analyst target price of USD 63.34. Over the past week, the stock price has decreased by -17.16%, and over the past month, it has decreased by -6.39%. Over the last year, the stock price has dropped significantly, decreasing by -66.61%. These trends indicate that the market has been bearish on the stock for some time, and investors may be concerned about Coinbase Global Inc.’s ability to continue generating revenue and growing its user base.

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