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

According to a report by Golden Finance, 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 and about 27% in the past month. However, analysts at Mizuho Securities are not concerned about the decline in the cryptocurrency market. The institution previously predicted that the daily spot trading volume on the Coinbase platform would reach $4.5 billion in the first quarter of 2025.