Benchmark Lowers Coinbase Price Target Amid Worsening Crypto Market Conditions
Benchmark Lowers Coinbase Price Target Amid Worsening Crypto Market Conditions
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Benchmark analyst Mark Palmer has reduced his price target for Coinbase (COIN) to $267 from $421, a significant 37% cut, attributing the change to challenging crypto market conditions. Despite the cut, Palmer maintained a 'buy' rating, highlighting Coinbase's increased business diversification and durability.
Benchmark's Mark Palmer cut his COIN price target to $267 from $421, citing worsening crypto market conditions, while reiterating a buy rating.