Mizuho Securities gives Coinbase a neutral rating and lowers its target price to $217

Odaily News Mizuho Securities gave Coinbase stock a "neutral" rating and lowered its target price from $280 to $217. Coinbase's stock price fell nearly 20% on Monday's trading day and has fallen about 27% in the past month. However, analysts at Mizuho Securities are not worried about the decline in the crypto market. The agency previously predicted that daily spot trading volume on the Coinbase platform will reach US$4.5 billion in the first quarter of 2025.