Financial analysis firm Cantor Fitzgerald has maintained coverage of Coinbase Global (NasdaqGS:COIN) with an Overweight recommendation. The average one-year price target for Coinbase Global is $394.01/share, representing a 19.94% upside from the latest closing price of $328.51/share.

The projected annual revenue for Coinbase Global is 4,381MM, with a 42.33% decrease. The projected annual non-GAAP EPS is -4.11. There are 2,053 funds or institutions reporting positions in Coinbase Global, with an increase of 360 owners or 21.26% in the last quarter.

Institutional investors like Vanguard Total Stock Market Index Fund, Vanguard 500 Index Fund, and Geode Capital Management have increased their stake in Coinbase Global, indicating confidence in the company’s performance. The put/call ratio of COIN is 0.68, suggesting a bullish outlook.

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Read more at Nasdaq: Cantor Fitzgerald Maintains Coinbase Global (COIN) Overweight Recommendation