Goldman Sachs Lifts Coinbase Price Target to $219

Goldman Sachs has increased its price target for Coinbase to $219 from $196.

The prediction comes after analyzing backtested results, which are based on historical data and may not reflect future actual results.

It is essential to note that backtested performance is calculated by retroactively applying a model constructed on the basis of historical data, making it subject to assumptions and limitations.

The revised price target from Goldman Sachs reflects an increase of 11.7% from its previous estimate.