Sequoia Financial Advisors LLC Increases Its Position in Coinbase Global, Inc. (COIN) by 4.5% in Q1

Sequoia Financial Advisors LLC grew its position in shares of Coinbase Global, Inc. (NASDAQ:COIN – Free Report) by 4.5% in the first quarter

Coinbase Global, Inc. (NASDAQ:COIN – Free Report) had its stock coverage updated by several research analysts in recent weeks. The cryptocurrency exchange’s stock is currently being covered by 23 analysts, and seven of them have assigned it a “buy” rating, while 12 have assigned it a “hold” rating and two have assigned it a “sell” rating, according to the most recent data available on MarketBeat.

The average price target for the stock among those who have provided a 12-month price projection is $215.50, according to the analysts who have included it in their coverage. This price target has shifted in recent months as several analysts have either raised or lowered their projections for Coinbase Global.

For example, in a research note published on Friday, May 17th, Bank of America upgraded Coinbase Global from an “underperform” rating to a “neutral” rating and increased their price target for the company from $110.00 to $217.00.

In a separate research note published on Friday, May 3rd, Wedbush increased their target price on shares of Coinbase Global from $200.00 to $250.00 and gave the stock an “outperform” rating.

On Tuesday, June 18th, HC Wainwright reiterated a “buy” rating and issued a $315.00 price target on shares of Coinbase Global in a research note.

On Wednesday, May 8th, Singular Research restated a “buy” rating on shares of Coinbase Global in a research note.

Finally, in a research note published on Friday, April 12th, Mizuho raised their target price on shares of Coinbase Global from $84.00 to $145.00 and gave the company an “underperform” rating.

Coinbase Global (NASDAQ:COIN) had a rocky week on the stock market, ultimately closing the trading session on Friday, June 21st, at a price of $223.68. The stock opened the session at a price of $223.68 and hit a high of $224.80 before ultimately closing at a price of $223.68. A total of 5,333,934 shares were traded during the session, which is significantly higher than the average daily volume of 2,834,631 shares.

Coinbase Global, Inc. provides financial infrastructure and technology for the crypto economy in the United States and internationally. The company offers the primary financial account in the crypto economy for consumers; and a marketplace with a pool of liquidity for transacting in crypto assets for institutions.

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