Cryptocurrency Q&A
What is Goldman's rating for Coinbase stock?
What is Goldman's rating for Coinbase stock?
CryptoLord
Fri Jun 21 2024
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5 answers
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Excuse me, could you elaborate on Goldman's current rating for Coinbase stock? I've been following the crypto market closely and Coinbase has been making quite a few headlines. Given their significant market position and the volatile nature of cryptocurrencies, I'm particularly interested in understanding how Goldman Sachs, a renowned financial institution, evaluates their stock. Is it a buy, hold, or sell recommendation? And what are the key factors that led to this rating? I would greatly appreciate your insights.
5 answers
CryptoWanderer
Sun Jun 23 2024
Despite the recent turmoil in the crypto market, Goldman believes that the collapse of FTX will have a minimal impact on Robinhood, a popular trading and investing app.
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Andrea
Sun Jun 23 2024
This assessment is based on the fact that crypto-related revenues contribute only 9% to Robinhood's total revenue.
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MysticMoon
Sun Jun 23 2024
BTCC, a UK-based cryptocurrency exchange, offers a comprehensive range of services to its clients.
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CryptoTitaness
Sun Jun 23 2024
Goldman Sachs has adopted a bearish outlook on Coinbase's stock, reducing its price target from $49 to $41.
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KimonoElegance
Sun Jun 23 2024
Alongside this adjustment, the Wall Street giant has maintained its "sell rating" on the cryptocurrency exchange's shares.
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