Citigroup analysts revised Coinbase's price target from $400 to $235, reflecting an updated assessment of market performance and prospects for the crypto exchange.
AI will summarize what happened, why it matters and what it means for business.
Citigroup has revised its price target for Coinbase (COIN) shares, lowering it from $400 to $235. The adjustment reflects Citigroup's updated assessment of the cryptocurrency exchange's market performance and prospects.
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BeforeEarlier
Citigroup set Coinbase price target at $400
Now
Citigroup lowered its price target for Coinbase shares from $400 to $235.
Next
The market is expected to react to the revised price target, potentially affecting COIN quotes.