Citigroup upgrades Coinbase Global to Buy with analyst price target suggesting upside.

From Nasdaq

July 24, 2024 07:09 AM:

Citigroup upgrades Coinbase Global from Neutral to Buy on July 23, 2024. Analyst price forecast suggests 4.29% upside with average one-year target of $268.68/share. Revenue projection for Coinbase is 4,140MM, an increase of 9.59% with projected EPS at -2.77. 1,321 funds own positions in COIN, a 10.82% increase in last quarter.

Conrad N. Hilton Foundation holds 6,038K shares of COIN, representing a 2.46% ownership. VTSMX – Vanguard Total Stock Market Index Fund holds 5,842K shares, a 2.38% ownership. Paradigm Operations and ARK Investment Management also hold shares in COIN.

Coinbase Global aims to build a fair and transparent financial system enabled by crypto. Established in 2012, their platform allows easy access to the cryptoeconomy. Fintel provides comprehensive research for investors, covering fundamentals, ownership data, and more. Visit Fintel for exclusive stock picks and advanced quantitative models.

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