Wall Street analysts project a potential rise in Coinbase stock to $400, despite its current decline to $260, marking a 41% drop this year. The cryptocurrency exchange's market cap stands at $70 billion. Analysts from firms like JPMorgan and Bernstein have set price targets as high as $510, driven by long-term growth prospects and market share expansion.
However, Coinbase faces challenges, including slowing revenue growth and a broader crypto market downturn. Technical indicators point to further downside risks, with the stock trading below key support levels and exhibiting a bearish trend.
Analysts Forecast Coinbase Stock Surge to $400 Despite Current Slump
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