Goldman Sachs Boosts Price Target on Coinbase to $196

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

This is not the only bullish prediction for COIN stock; President Capital has raised its own target price to $264.00 and given the company a 'buy' rating.

However, Weiss Ratings downgraded Coinbase Global from a 'hold (c-)' rating to a 'sell (d)' rating in a recent report.

The company's market capitalization is $47.35 billion, with a 12-month low of $139.11 and a 12-month high of $402.16.