Goldman Sachs Boosts Coinbase Price Target Amid Bullish Crypto Outlook

The Goldman Sachs Group has increased its price target for Coinbase Global (NASDAQ:COIN) from $173.00 to $196.00, indicating a potential upside of 9.20% from the stock's previous close.

This is not the only positive forecast for COIN stock - analysts at President Capital have upped their price target to $264.00 and Wolfe Research has set a $325.00 price objective.

Despite these optimistic predictions, Coinbase Global reported disappointing quarterly earnings results on Thursday, July 30th, missing analyst estimates of ($0.44) EPS by ($0.92).