Coinbase Global (NASDAQ:COIN) Price Target Raised to $258.00
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4 Articles
Coinbase stock target raised to $258 by Morgan Stanley
Morgan Stanley has raised its Coinbase stock price target from $250 to $258 ahead of earnings while retaining an Equal Weight rating, placing its forecast 50% above the shares’ previous $172 close. Morgan Stanley kept its existing recommendation as part…
COIN Stock Gains 5% as Morgan Stanley Raises Coinbase Target to $258
Key Insights: Coinbase stock closed sharply higher on Oct. 9 as Bitcoin stabilized and Wall Street analysts updated their forecasts for the crypto exchange. COIN ended the session at $179.39, up 4.30%, after reaching an intraday high of $183.61. Morgan Stanley raised its price target to $258, while Citizens JMP reduced its forecast to $280. […]
Morgan Stanley raised its target price for Coinbase from $250 to $258, although it maintained an Equal Weight rating. The review comes before new results and in the midst of a debate about the recent drop in revenue, reported losses, and the potential of stablecoins and derivatives businesses.
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