CoinShares (NASDAQ:CSHR – Get Free Report) had its target price cut by stock analysts at Keefe, Bruyette & Woods from $9.00 to $7.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Keefe, Bruyette & Woods’ price objective points to a potential upside of 69.90% from the company’s previous close.
A number of other research analysts have also weighed in on CSHR. Weiss Ratings started coverage on CoinShares in a report on Friday, June 26th. They issued a “sell (e-)” rating on the stock. Wall Street Zen raised shares of CoinShares from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, CoinShares has a consensus rating of “Hold” and a consensus target price of $7.00.
Read Our Latest Stock Analysis on CoinShares
CoinShares Price Performance
CoinShares Company Profile
CoinShares is a digital asset investment company that provides a range of financial products and services focused on cryptocurrency and blockchain-related markets. The company offers exchange-traded products and other investment vehicles designed to give institutional and retail investors exposure to digital assets without needing to directly hold the underlying cryptocurrencies.
Founded in the digital asset space, CoinShares has built its business around investment management, asset servicing, and research related to the crypto ecosystem.
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