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Coinbase (NASDAQ:COIN) fell more than 2% Wednesday after Piper Sandler downgraded the stock and said that, despite the recent market rally following the SEC’s lawsuit against Coinbase, the increase in crypto prices haven’t translated to an increase in ...
Piper Sandler downgraded Coinbase shares to neutral from overweight, citing too much uncertainty around the company following its recent lawsuit from the SEC.
Coinbase Global, Inc (NASDAQ: COIN) shares are trading lower Wednesday after Piper Sandler analyst Patrick Moley downgraded the stock from Overweight to Neutral and lowered its price target from
(Bloomberg) -- The uncertainty swirling around Coinbase Global Inc. has made it too difficult to forecast how much revenue the company could earn, a Piper Sandler analyst said. Most Read from BloombergXi’s Metal Curbs Risk Backfiring as G-7 Seeks China AlternativeUS Stocks Fall as China Data Saps Risk Appetite: Markets WrapEarth Keeps Breaking Temperature Records Due to Global WarmingLazard Fires Senior Banker for Inappropriate Behavior at PartyChina Restricts Export of Chipmaking Metals in Clas
Regulatory pressures in the U.S. and muted crypto trading volumes make a case for caution on a stock that has rallied more than 125% this year.