Goldman Sachs Raises Coinbase Price Target to $196; Canaccord Lifts Strategy Target to $175
Minseung Kang
Summary
- Goldman Sachs said it maintained a buy rating on Coinbase (COIN) and raised its price target to $196.
- Goldman Sachs said Coinbase has further upside as the digital-asset market improves and newer businesses such as derivatives and prediction markets grow.
- Canaccord said it maintained a buy rating on Strategy (MSTR) and raised its price target to $175, adding that investment conditions have improved significantly in recent weeks.
Forecast Trend Report by Period
Goldman Sachs raised its price target on Coinbase (COIN) to $196 from $173. Canaccord also lifted its target on Strategy (MSTR) to $175 from $130.
Wu Blockchain reported on Aug. 25 that Goldman Sachs maintained its buy rating on Coinbase while raising the price target to $196.
Goldman Sachs said Coinbase has further upside as the digital-asset market continues to improve and newer businesses such as derivatives and prediction markets expand.
Canaccord also maintained its buy rating on Strategy and raised its price target to $175. The firm said the investment backdrop for Strategy has improved significantly in recent weeks.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.