BEARISH 55 Cointelegraph 2H ago · 1 min read

Coinbase price target cut 50% by Morgan Stanley as post-earnings rout deepens

AI summary

Morgan Stanley cut its price target on Coinbase by 50% as the stock's post-earnings selloff deepened. The downgrade cites slowing trading activity and fallout from the Binance hack weighing on Coinbase's revenue prospects. Traders should watch COIN as a proxy for exchange-sector sentiment, since weaker trading volumes and hack-related confidence damage can pressure crypto market activity broadly.

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Narrative history

2 linked stories · 3 outlets · since 2 Nov

2H AGO

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Coinbase price target cut 50% by Morgan Stanley as post-earnings rout deepens

Cointelegraph · Score 55
7H AGO

Morgan Stanley downgrades Coinbase, slashes price target 53% on weak earnings outlook

CoinDesk · Score 55 · via Stanley, Morgan Stanley
10H AGO

Morgan Stanley cuts Coinbase to underweight with $120 price target

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