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benzinga.com
124 days

Intuit To Rally Around 19%? Here Are 10 Top Analyst Forecasts For Thursday - Adverum Biotechnologies (NASDAQ:ADVM), Coinbase Global (NASDAQ:COIN)

1. Rosenblatt lowered COIN price target from $305 to $290. 2. Analyst Chris Brendler maintained a Buy rating for Coinbase. 3. COIN shares closed at $172.21 on Wednesday. 4. Ongoing interest in cryptocurrencies could affect market sentiment. 5. Analyst upgrades and downgrades impact investor perceptions of stock value.

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FAQ

Why Bearish?

The price target cut suggests a more cautious outlook for COIN. Historically, target reductions can lead to negative market perceptions and price adjustments.

How important is it?

The downgrade in price target signals moderated expectations, which often drives investors' decisions. Active trading strategies could lead to significant price movements in COIN influenced by this information.

Why Short Term?

Immediate market reactions are expected following the news; however, COIN's long-term performance may stabilize. Similar past instances have shown short-term volatility tempered by broader market trends.

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