Shares of Coinbase Global, Inc. rose significantly but faced a slight decline in stock price, potentially impacting investor sentiment.
Stock AI’s forecasts:
🔴 (-4.6%) short-term forecast
🟢 (+1.8%) long-term forecast
Stock AI’s (COIN) Forecast get (+125.3% Profit)
StockAI’s analysis delivers real-world results. On 06 February 2024, $COIN ($117.91), StockAI predicted a long-term 🟢 buy signal. It was accurate: 1 month later price increased to $265.6 (🟢125.3%). Buying COIN on this signal yielded a +125.3% profit 💰💰.
COIN-Coinbase Global, Inc. News
🟢 Shares of Coinbase Global, Inc. (NASDAQ:COIN) rose 10.2% during mid-day trading on Monday, reaching $282.40.
🔴 Coinbase Global (NASDAQ:COIN) had its target price lowered by Piper Sandler from $225.00 to $245.00.
🟢 Coinbase Global, Inc. (NASDAQ:COIN)’s share price traded up 2.8% during trading after Bank of America raised their price target on the stock.
🔴 Shares of Coinbase Global, Inc. (NASDAQ:COIN) have been assigned a consensus rating of “Hold” from the twenty research firms.
🟢 Coinbase stock surged 9% to $280.79, fueled by a 8.60% increase in Bitcoin price.
🔴 Coinbase Global, Inc. (NASDAQ:COIN) CFO and COO sold shares, affecting investor sentiment.
The recent news surrounding Coinbase Global, Inc. stock has been mixed, with some positive developments such as the rise in share price fueled by Bitcoin’s surge and price target upgrades by analysts. However, the stock also faced challenges with insider selling and target price reductions. These contrasting factors have created uncertainty among investors, leading to fluctuations in the stock price.
The positive news of a significant rise in share price on Monday and target price upgrades by analysts have contributed to a bullish sentiment among investors. However, the negative impact of insider selling and target price reductions has dampened some of the optimism, resulting in a mixed outlook for the stock.
Overall, the recent news regarding Coinbase Global, Inc. stock has created a sense of volatility and uncertainty in the market. Investors will likely closely monitor future developments to gauge the stock’s performance in the short and long term.
COIN-Coinbase Global, Inc. Analyst Ratings
In recent news, analyst ratings for Coinbase Global, Inc. (NASDAQ:COIN) have seen some changes. Here is a brief list of analyst ratings for Coinbase stock:
📉 Oppenheimer raised their price target on COIN from $200.00 to $276.00 and maintained an outperform rating on the stock.
📉 Barclays increased their price target on Coinbase Global from $146.00 to $179.00 and maintained an underweight rating.
📈 Canaccord Genuity Group reiterated their buy rating on COIN stock with a target price of $240.00.
Sources:
1. ETF Daily News – Oppenheimer raises price target on Coinbase stock
2. ETF Daily News – Barclays updates price target for Coinbase Global
3. ETF Daily News – Canaccord Genuity Group maintains buy rating on Coinbase
Disclaimer
Investors may consider the AI predictions and news summaries as one factor in their investment decisions alongside their own research and risk tolerance.
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