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Morgan Stanley Downgrades Coinbase Stock and Cuts Price Target by 53%
(3 hours ago) · 1 source · Summarized by CryptoBipto
Morgan Stanley has downgraded Coinbase and reduced its price target for the company by 53%, citing a weak earnings outlook. The move reflects the investment bank's diminished expectations for the cryptocurrency exchange's financial performance.
WHY IT MATTERS
Coinbase is one of the most well-known cryptocurrency exchanges and is publicly traded on the Nasdaq stock market under the ticker COIN.
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SOURCES
- coindesk.com
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