End of bearish stance! Goldman Sachs upgrades Coinbase rating to "Neutral" with a target price raised to $282.
I'm PortAI, I can summarize articles.
Goldman Sachs has upgraded Coinbase's rating from "sell" to "neutral" and raised the target price from $170 to $282. Coinbase has surged nearly 48% year-to-date, attributed by Goldman Sachs to the rise in cryptocurrency prices and the company's enhanced profitability. The daily trading volume of Coinbase has reached its highest level since 2021, mainly driven by retail investors. Goldman Sachs believes that over time, the trend of cryptocurrency prices will outperform the impact brought by the acceleration of retail applications.
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: Zhitong The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments