Coinbase Global, Inc. (NASDAQ:COIN)’s share price gapped up before the market opened

Coinbase Global, Inc. (NASDAQ:COIN)’s share price gapped up before the market opened

Monness Crespi & Hardt upgraded shares of Coinbase Global (NASDAQ:COIN) from a neutral rating to a buy rating in a report issued on Tuesday. The firm now has a $300.00 price target on the stock, up from its previous price target of $170.00. Monness Crespi & Hardt began coverage of Coinbase Global in November with a neutral rating.

Shares of Coinbase Global had previously closed at $207.22 but gapped up to open on Tuesday at $231.71.

Several other analysts have also recently issued research reports about the company. HC Wainwright reissued a “buy” rating and issued a $350.00 target price on shares of Coinbase Global in a research report on Friday, February 21st. Benchmark initiated coverage on Coinbase Global in a research report on Wednesday, April 23rd. They issued a “buy” rating and a $252.00 target price on the stock. Piper Sandler raised their price target on shares of Coinbase Global from $180.00 to $190.00 and gave the company a “neutral” rating in a research note on Friday, May 9th. Citigroup reaffirmed a “neutral” rating on shares of Coinbase Global in a research note on Thursday, May 8th. Finally, Compass Point upgraded Coinbase Global from a “sell” rating to a “neutral” rating and set a $195.00 target price on the stock in a report on Monday. Ten investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.s average rating for the stock is “Moderate Buy” and the average price target is $262.75.

Coinbase Global, Inc. (NASDAQ:COIN) – Get Free Report

Coinbase Global shares last traded at $241.32, with a volume of 4,397,419 shares traded.