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Morgan Stanley Cuts Coinbase Price Target by 50% After Weak Earnings
(1 day ago) · 1 source · Summarized by CryptoBipto
Morgan Stanley reportedly cut its price target for Coinbase stock by 50%, following a post-earnings sell-off. The move reflects concerns about the company's earnings recovery outlook. The stock has continued to decline after its latest quarterly results.
WHY IT MATTERS
Coinbase is one of the most well-known cryptocurrency exchanges and is publicly traded on the Nasdaq stock exchange.
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SOURCES
- cointelegraph.com
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