Mizuho upgrades Coinbase Global outlook from Underperform to Neutral, average price target $305.14/share

From Nasdaq
January 29, 2025 7:04:52 AM:

On January 29, 2025, Mizuho upgraded Coinbase Global’s outlook from Underperform to Neutral. The average one-year price target for Coinbase Global is $305.14/share, with a range from $186.85 to $441.00. The projected annual revenue is 4,381MM with a non-GAAP EPS of -4.11. There are 1,401 funds or institutions reporting positions in Coinbase Global.

VTSMX, Vanguard Total Stock Market Index Fund Investor Shares, holds 6,116K shares of Coinbase Global, representing 2.98% ownership. Paradigm Operations holds 4,516K shares, VIMSX holds 3,683K shares, Geode Capital Management holds 3,426K shares, and ARK Investment Management holds 3,241K shares of Coinbase Global.

Coinbase is building the cryptoeconomy to create a fair, accessible, and transparent financial system enabled by crypto. Starting in 2012, Coinbase aims to allow anyone to easily send and receive Bitcoin. Today, it offers a platform for accessing the broader cryptoeconomy.

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Read more at Nasdaq: Mizuho Upgrades Coinbase Global (COIN)