BofA Securities Reiterates Underperform Rating on Coinbase Global Inc. (COIN), 'Robust 4Q print, but shares are pricey'

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Go back to BofA Securities Reiterates Underperform Rating on Coinbase Global Inc. (COIN), 'Robust 4Q print, but shares are pricey'

CFRA raises Coinbase (COIN) as stock benefits from recent crypto enthusiasm

February 16, 2024 12:54 PM EST

CFRA analyst Michael Elliott raised shares of Coinbase (NASDAQ: COIN) to Hold from Buy in a note Friday, lifting the price target for the stock to $177 per share.

The analyst cited the cryptocurrency exchange's earnings beat for the upgrade.

The analyst... More