Clear Street Lifts Coinbase Price Target to $224

Clear Street has raised its price target for Coinbase to $224 from $204.

The prediction is based on backtested results, which are not an indicator of future actual performance. The results reflect a strategy that was not historically offered to investors and do not represent returns that any investor actually attained.

According to the source, certain assumptions were made for modeling purposes, including that XYZ firm would have been able to purchase the securities recommended by the model and the markets were sufficiently liquid to permit all trading. Changes in these assumptions may have a material impact on the backtested returns presented.