BTIG Keeps Buy Rating on Coinbase with $240 Target Price

BTIG analyst Andrew Harte has maintained his buy rating on Coinbase (COIN.US), keeping his target price at $240. This decision is based on Harte's past performance, which shows a success rate of 32.9% and an average return of -1.8% over the past year, according to TipRanks data.

TipRanks provides analysis data from financial analysts and calculates their success rates and average returns. A successful rating is one where the analyst's virtual portfolio earns a positive return from the stock. Harte's 32.9% success rate indicates that his recommendations have been correct more than a third of the time.

The total average return of -1.8% means that, overall, Harte's recommendations have resulted in a small loss for TipRanks' virtual portfolio over the past year. Despite this, Harte maintains a 5-star rating from TipRanks, indicating his strong performance as an analyst.