Wall Street is positive on Coinbase Global Inc (COIN). On average, analysts give the stock a Buy rating. The average price target is $130.166, which means analysts expect the stock to add by 49.22% over the next twelve months.
That average ranking earns the stock an Analyst Rating of 32, which is better than 32% of stocks based on data compiled by InvestorsObserver.
Why are Analyst Ratings Important?
Though analyst projections should not be your only resource when determining your position on a stock, it can be a very useful tool. Analysts follow sectors/industries in-depth and tend to know how local and global conditions tend to affect demand and prices. Many analysts even participate in conference calls where they can get information to better make sense of the numbers.
InvestorsObserver averages the ratings provided by analysts and then ranks their score as a percent against the market. This allows you to compare stocks in a more comprehensive fashion than with the typical buy/sell/hold ranking.
What’s Happening With Coinbase Global Inc Stock Today?
Coinbase Global Inc (COIN) stock is trading at $87.23 as of 11:09 AM on Friday, Aug 12, a rise of $3.23, or 3.84% from the previous closing price of $84.00. The stock has traded between $83.29 and $87.79 so far today. Volume today is light. So far 4,786,271 shares have traded compared to average volume of 17,248,325 shares.
Click Here to get the full Stock Report for Coinbase Global Inc stock.
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