Street forecasts on Coinbase stock are 'too bullish': Needham
Needham & Company has expressed optimism about Coinbase's position for 2024, citing the company's product growth, international expansion, and the launch of its Base chain as positive developments. They increased their price target for Coinbase to $180 from $160 per share.
Conversely, Barclays, while acknowledging improved trading volumes and asset prices, cautioned about risks and raised their price target to $110 from $67 per share, reflecting a more conservative outlook.
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