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


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