Barclays upgrades Coinbase Global outlook, predicting 81.45% increase in price

From Nasdaq
September 07, 2024 07:20 AM:

Barclays upgraded Coinbase Global’s outlook on September 6, 2024, from Underweight to Equal-Weight. The average one-year price target for Coinbase Global is $267.37/share, reflecting an 81.45% increase from its current price of $147.35/share. Analysts forecast a decrease in annual revenue by 7.90% and a non-GAAP EPS of -2.77.

There are 1,360 funds or institutions holding positions in Coinbase Global, with an average portfolio weight of 0.51%. Institutional ownership decreased by 0.79% in the last three months. VTSMX, VIMSX, ARK Investment Management, and Sumitomo Mitsui Trust Holdings are among the significant shareholders, with varying levels of ownership and changes in portfolio allocation.

Coinbase is focused on building the cryptoeconomy by providing a platform for easy and secure access to the broader crypto market. Founded in 2012, the company aims to create a more fair, accessible, efficient, and transparent financial system enabled by cryptocurrencies. Fintel provides comprehensive investing research and data to individual investors, traders, and financial advisors, covering fundamentals, analyst reports, ownership data, fund sentiment, and more.

Read more at Nasdaq, Inc.: Barclays Upgrades Coinbase Global (COIN)