Coinbase New Price Target, FedEx Warning, General Mills Falls
On this edition of Stock Movers:- Coinbase (COIN) shares gain after Bernstein raised the target on the crypto trading platform to $510, a Street high and 48% above Tuesday’s close, from $310. The company’s revenue is set to more than double by 2027 as it benefits from strong trading growth, as well as non-trading revenue lines such as staking and stablecoins, analyst Gautam Chhugani wrote in a note to clients.- FedEx (FDX) shares sank after the carrier warned that its profit would be worse than expected this quarter and declined to offer guidance for the rest of the year…
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