Weekly Recap | Coinbase +0.44%, most brokers rate it buy
Weekly Review·
- Coinbase closed the week at 195.11 USD with a cumulative rise of 0.44 %, underperforming the S & P 500 by 0.77 percentage points amid volatile trading.
- The company advanced several product and tokenized asset initiatives, launching a real-time DeFi media payment platform and Morpho loans while facing mixed regulatory developments.
- Thirty-six institutions maintain a consensus buy rating on Coinbase with an average target price of 203.60 USD, despite divergent targets ranging from 95 to 330 USD.