Goldman Sachs Lowers Coinbase Price Target, Maintains Buy Rating
Goldman Sachs has made an adjustment to its price target for Coinbase Global. The investment bank now predicts that Coinbase's stock will reach $173, down from its previous estimate of $198.
This move comes despite Goldman Sachs maintaining its 'Buy' rating for the company. A 'Buy' rating indicates that the analysts at Goldman Sachs believe the stock has strong potential for growth and are recommending investors purchase it.