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Sergey🔵🎩
@dido-crypton
Compass Point raised their target price on shares of Coinbase Global Inc. (NASDAQ:COIN) to $330.00 from $195.00 on Wednesday, maintaining a neutral rating for the cryptocurrency exchange operator. The stock, which is currently trading at $388.02, has seen a significant 56% YTD increase and is trading near its 52-week high of $400.88. According to InvestingPro analysis , the company currently appears overvalued relative to its Fair Value. The significant increase in the target price is due to the fact that Coinbase is solving retail problems by connecting users to decentralized exchanges (DEX) and derivatives products, according to the research firm.
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