From Nasdaq.:

Coinbase Global Inc (Symbol: COIN) shares have surpassed the average analyst 12-month target price of $121.00, and are now trading at $122.07/share. With 20 different analyst targets, the average is a mathematical average, and the standard deviation is $51.01. Some analysts have lower targets of $40.00, while others set the target as high as $200.00.

Crossing above the average target price gives investors a good signal to assess the company and decide if the valuation has gotten stretched. Analyst ratings for COIN are 8 Strong buy, 1 Buy, 6 Hold, 2 Sell, and 6 Strong sell, with a current average rating of 2.87. Data provided by Zacks Investment Research via Quandl.com was used for these findings.



Read more: COIN Crosses Above Average Analyst Target