Coinbase downgraded at Morgan Stanely; price target slashed 53% on weak earnings outlook
Morgan Stanley has lowered its rating on Coinbase and cut its price target by 53%, citing weak crypto trading activity and doubts that earnings will recover soon. The analyst named in the report is Michael Cyprys. Bitcoin was trading near $77,890 when the story ran and has since moved down 0.2%.
Source: CoinDesk · Written by Blockdeck from public reports and live market datamarket_reactionBTC/USD around the story−0.68% since the news
Price at the news$77,907.12
First hour after−0.50%
Since the news−0.68%
Volume that hour3.5× normal
Headline and excerpt credited to CoinDesk. Prices on this page are live, not from the time of the story. Not financial advice.