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Coinbase hit with 50% price target cut as post-earnings rout deepens

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Coinbase hit with 50% price target cut as post-earnings rout deepens

Slowing trading activity and fallout from the Binance hack are clouding Coinbase’s revenue prospects, prompting Morgan Stanley to lower its rating on the stock.

Coinbase hit with 50% price target cut as post-earnings rout deepens

Coinbase hit with 50% price target cut as post-earnings rout deepens

Source：Cointelegraph

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Source：https://cointelegraph.com/news/morgan-stanley-cuts-coinbase-target-to-120-as-earnings-recovery-outlook-weakens