Movement Alert｜Coinbase Global, Inc. Intraday Rise 5.33% in Regular Trading, Citi Raises Price Target to $230

Market Focus10-16 02:45

On October 16, Coinbase Global, Inc. rose 5.33% in Regular Trading, trading at $182.1 with turnover of $962.0 million.

The move coincided with Citi raising its price target on Coinbase Global, Inc. to $230 from $210, adding to a broader string of upward target revisions across the sell side.

Recent analyst actions also show Deutsche Bank lifting its target to $210, Bank of America raising its target to $203, and Morgan Stanley increasing its target to $258, pointing to improving valuation expectations. Separately, the company has recently expanded its product and platform reach, including custody support for USDC in Samsung Wallet and the launch of stock options trading, which has helped reinforce expectations for longer-term growth.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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