Coinbase Global Inc COIN reported better than expected Sales for the fourth quarter.
coin base reported fourth-quarter revenue of $629.1 million, ahead of a Street estimate of $586.2 million. The company reported a loss of $2.46 per share in the fourth quarter, which missed a Street estimate of $2.39 per share.
Coinbase shares are up 1.4% in premarket trading at $62.96.
These analysts made changes to their price targets coin base after the company released quarterly results.
- Barclays raised the price target on Coinbase from $57 to $63. Barclays analyst Benjamin Budish kept an equal-weight rating on the stock.
- Piper Sandler raised Coinbase’s price target to $70 from $65. Piper Sandler analyst Richard Repetto maintained an overweight stance on the stock.
- Wells Fargo raised Coinbase’s price target to $40 from $34. Wells Fargo analyst Jeff Cantwell remained underweight the stock.
- Canaccord authenticity lowering the price target on the stock from $120 to $100. Canaccord Genuity analyst Joseph Vafi kept the stock with a buy rating.
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