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Canaccord Genuity Reaffirms Buy Rating for Coinbase with $300 Price Target

Guavy AI Editorial Team
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Canaccord Genuity Group has reaffirmed its 'buy' rating for Coinbase Global (NASDAQ:COIN) and set a target price of $300.00, indicating a potential upside of 83.40% from the company's previous close.

This is not an isolated opinion, as several other analysts have weighed in on the company. Oppenheimer reduced its price objective on Coinbase Global from $224.00 to $209.00 and set an 'outperform' rating for the company. Sanford C. Bernstein has also reaffirmed an 'outperform' rating and set a target price of $330.00.

The consensus among analysts is mixed, with 18 giving a 'buy' rating, 12 a 'hold', and three a 'sell'. The average price target for Coinbase Global is $229.87.

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