Citi Cuts Coinbase Price Target from $400 to $235
ARM Arm Holdings Plc ADR
$275.29 -6.48%
View chart & analysis → - 1Citi lowered its price target on Coinbase (COIN) from $400 to $235.
- 2It maintained a Buy rating, projecting that Q2 trading activity will mark a cyclical low with spot trading volumes at their weakest level in two years.
- 3However, it noted that robust subscription and services revenue is supporting solid results, and that the current share price is trading at trough-level multiples.
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