Oppenheimer analyst Owen Lau assigned a Buy rating to Coinbase Global (COIN) today and set a price target of $434.00. The company’s shares closed last Thursday at $265.10, close to its 52-week low of $250.51.
According to TipRanks.com, Lau is a 4-star analyst with an average return of 14.1% and a 82.5% success rate. Lau covers the Financial sector, focusing on stocks such as Intercontinental Exchange, Focus Financial Partners, and Victory Capital Holdings.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Coinbase Global with a $412.00 average price target, representing a 49.0% upside. In a report released today, Rosenblatt Securities also maintained a Buy rating on the stock with a $400.00 price target.
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Based on the recent corporate insider activity of 48 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of COIN in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Coinbase Global Inc is a provider of end-to-end financial infrastructure and technology for the crypto-economy. It generates substantially all its net revenue from transaction fees from trades that occur on its platform. Geographically, it derives a vast majority of its revenues from the US followed by the rest of the world.
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