From Investing.com: 2024-04-12 13:56:02

Mizuho raises Coinbase stock price target to $145 per share from $84, while maintaining an Underperform rating. Analysts believe strong spot volumes post BTC ETF launch could drive nearly 40% upside to first quarter revenue. Long-term concerns include potential downward pressure on fee rates and reliance on cyclical revenue streams. Mizuho values COIN at 18 times 2025E EBITDA, a discount to its current multiple.

Read more at Investing.com: Mizuho raises Coinbase stock target By Investing.com