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

CO
Cointelegraph
By Cointelegraph by Nate Kostar
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Coinbase hit with 50% price target cut as post-earnings rout deepens
Photo / Coverage: CointelegraphCredit: Cointelegraph by Nate Kostar
EXECUTIVE SUMMARY

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.

Key Takeaways

  • 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.
  • 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.

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.

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