Compass Point Upgrades Coinbase, Shares Jump 7.4%
Coinbase Global (NASDAQ:COIN) shares traded up 7.4% on Monday after Compass Point upgraded its rating from sell to neutral.
The new price target for Coinbase is $177.00, up from the previous target of $130.00.
Compass Point's upgrade follows other brokerages that have weighed in on COIN recently.