Coinbase downgraded at Morgan Stanley, price target slashed 53% on weak earnings outlook
The downgrade reflects pressure on exchange revenue as trading activity cools.
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- YahooCoinbase Falls 4% as Morgan Stanley Downgrades, Says “Confidence in the Earnings Recovery Has Deteriorated”
- MSNCoinbase downgraded to sell equivalent at Morgan Stanley on downside risk to earnings
- CryptobriefingMorgan Stanley cuts Coinbase price target to $120, sees 16% downside
- MoneycheckCoinbase (COIN) Stock Falls 4% After Morgan Stanley Downgrade to Underweight
- AltcoinbuzzMorgan Stanley Cuts Coinbase to Underweight, Slashes Target 53%