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Compass Point Slashes Coinbase Price Target to $130

Guavy AI Editorial Team
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Crypto exchange Coinbase Global (COIN) has seen its price target adjusted by research firm Compass Point. The firm has lowered its target to $130 per share from a previous estimate of $140. Despite this change, Compass Point maintains its sell rating for COIN.

The adjustment comes as part of the firm's broader analysis of leading technology companies with strong market presence and robust innovation. These firms are considered influential in their industries and significantly affect the tech sector and broader economy.

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