Reported 1 day ago
Compass Point has raised its price target for Coinbase Global, Inc. (COIN) from $248 to $277 while maintaining a 'Sell' rating due to ongoing volatility in its shares. Although an expected 2% revenue beat for Q3 is projected, along with increased adjusted EBITDA from its recent acquisition, the firm cautions investors of the risk as Coinbase’s shares have declined after each of the last five earnings reports.
Source: YAHOO