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Why Coinbase Global Stock Is Up Today

Published by
Benzinga

Coinbase Global, Inc. (NASDAQ: COIN) shares are trading higher Friday after two analysts raised their price targets on the stock. The Details: JMP Securities analyst Devin Ryan maintained Coinbase Global with a Market Outperform and raised the price target from $107 to $200. Ryan highlighted broader market implications of blockchain techology and potentially exponential growth of the digital asset ecosystem, which he believes Coinbase is positioned to capitalize on. Mizuho analyst Dan Dolev maintained Coinbase Global with an Underperform, but raised the price target from $35 to $54. The analys…

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