Shares of Coinbase Global (NASDAQ: COIN) have been on a stunning run during the past several months. The cryptocurrency trading platform has been a beneficiary as more investors have easy access to Bitcoin, and the leading cryptocurrency has increased in value.
That led one analyst to give Coinbase stock a big price target boost last week. But that doesn’t mean Mizuho analyst Dan Dolev thinks you should buy the stock. Even after raising his firm’s target price from $84 to $145 per share, the analyst says to sell the stock. That’s because the new price target represents almost a 40% drop from Coinbase‘s recent share price.
Source Fool.com