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$120 Target And Overweight Rating

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$120 Target And Overweight Rating


  • 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.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.

 

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