From Nasdaq:

The average one-year price target for Coinbase Global (NasdaqGS:COIN) has been increased to 176.06 / share, up 39.65% from the prior estimate. Analysts’ targets range from 80.80 to 262.50 / share, with an average increase of 3.01% from the latest closing price of 170.91 / share.

Coinbase Global has seen an increase in fund sentiment, with 1126 funds reporting positions, up 21.08%. Average portfolio weight dedicated to COIN is 0.97%, a rise of 35.64%. Institutional shares owned have increased by 2.61% to 120,657K shares, with a bullish put/call ratio of 0.74.

Major shareholders like ARK Investment Management, ARK Innovation ETF, Sumitomo Mitsui Trust Holdings, and Nikko Asset Management Americas have adjusted their portfolio allocations in COIN over the last quarter. VTSMX – Vanguard Total Stock Market Index Fund Investor Shares also increased its ownership by 10.43% during the same period.

Coinbase Global aims to build a more fair, accessible, and transparent financial system enabled by cryptocurrency. Since 2012, it has provided secure Bitcoin transactions and now offers a platform for the wider cryptoeconomy. Fintel provides comprehensive investing research on companies like Coinbase, including ownership data, fund sentiment, and more.



Read more at Nasdaq: Coinbase Global (COIN) Price Target Increased by 39.65% to 176.06