Mizuho Securities gives Coinbase a neutral rating, lowering the target price to $217

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