Coinbase hit with 50% price target cut as post-earnings rout deepens
TLDR — 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.
Signal data▼ Bearishconfidence 90%High materiality
AssetEventexchange-incidentEvent timeAttention0 readers/hrNormalSmart readers0
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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