Coinbase Global received mixed analyst commentary on Friday. Rothschild & Co Redburn adjusted its price target on the company to $404 from $417, while maintaining a Buy rating. This action followed a report from Seeking Alpha that upgraded COIN's stock to neutral, highlighting that a more balanced valuation has been reached after a recent price decline. The analysis pointed to Coinbase's strong growth in non-transactional revenue, which grew 35% year-over-year to become 41% of total revenue, driven by subscriptions and stablecoin interest. However, the firm's reliance on volatile retail trading volumes, particularly in altcoins, remains a key consideration for investors. Meanwhile, an SEC filing revealed Chief Legal Officer Paul Grewal sold shares worth approximately $2.94 million on November 25.
Coinbase Sees Mixed Analyst Actions Amid Focus on Diversifying Revenue
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