Bernstein's Chhugani Keeps Buy Rating on Coinbase at $330
Bernstein analyst Gautam Chhugani is maintaining his buy rating for Coinbase (COIN.US) and keeping its target price at $330. This decision comes after reviewing TipRanks data, which shows that Chhugani has a success rate of 37.4% and an average return of 18.3% over the past year.
TipRanks provides analysis data from financial analysts, including their past performance, to help investors make informed decisions. In this case, Chhugani's ratings have been successful 37.4% of the time, resulting in an average gain of 18.3% for TipRanks' virtual portfolio.
It is worth noting that a success rate and total average return are calculated based on the analyst's preliminary rating and adjusted according to changes in the rating over the past year.