Posted 1/8/2024, 6:00:22 PM
Analyst Views on Coinbase Diverse, But Bearish Sentiment Rising Despite Some Upgrades
- Analysts have diverse views on Coinbase from bullish to bearish, with total ratings showing more bearish sentiment recently
- Average 12-month price target for Coinbase is $109, up 36% from previous $80 average target
- Several analysts have raised their ratings and/or price targets on Coinbase in past months
- Coinbase revenue grew 14% in recent quarter, but profitability and returns trail industry peers
- As a leading crypto exchange, Coinbase aims to provide safe, compliant entry point to crypto economy for retail and institutional investors