- Coinbase (COIN) shares recently received a price target of $73. These are the details.
Coinbase (COIN) shares recently received a price target of $73.
price target: Reduced from $89 to $73
valuation: Obtain
analyst house:Needham
Needham analysts adjusted the rating, citing the heightened uncertainty and risks associated with the fallout from FTX. And the analysts added that they expect the next few weeks to be a critical time for the space as OTC firms, crypto lenders, funds, conglomerates and BTC miners face increased pressure given their exposure to FTX .
Also, Needham analysts pointed out that Coinbase is a great way to play into the growing crypto-asset universe, which includes intersections in the high-growth areas of stablecoins, decentralized finance, non-fungible tokens, lending/lending applications, and yield farming.
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