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Coinbase Global Is 'Doing Almost Everything Right': 7 Analysts React To Q1 Results

Benzinga ·  May 4 01:17

Shares ofCoinbase Global Inc(NASDAQ:COIN) tanked in early trading on Friday, despite the company reporting a revenue beat for the first quarter.

The results came amid an exciting earnings season. Here are some key analyst takeaways from the release.

  • JPMorgan analyst Kenneth Worthington maintained a Neutral rating, while raising the price target from $150 to $175.
  • Canaccord Genuity analyst Joseph Vafi reaffirmed a Buy rating, while lifting the price target from $240 to $280.
  • Needham analyst John Todaro reiterated a Buy rating, while reducing the price target from $275 to $260.
  • HC Wainwright analyst Mike Colonnese maintained a Buy rating, while raising the price...
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