- The shares of Coinbase Global Inc (NASDAQ: COIN) have received a $120 price target from Piper Sandler. These are the details.
The shares of Coinbase Global Inc (NASDAQ: COIN) have received a $120 price target from Piper Sandler. And Piper Sandler analyst Richard Repetto is maintaining an “Overweight” rating on the shares.
Repetto adjusted the rating after the company announced a new restructuring plan that includes an 18% reduction in headcount and $40 million to $45 million of restructuring charges. And Repetto updated the estimates to integrate a lower expense run rate resulting from the headcount reduction and a lower revenue run rate due to lower volume expectations and fee capture.
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