Coinbase price target lowered to $148 from $258 at Barclays

Barclays lowered the firm’s price target on Coinbase (COIN) to $148 from $258 and keeps an Equal Weight rating on the shares post the Q4 report. The company’s revenue and adjusted EBITDA missed estimates and the Q1 outlook was largely below expectations, the analyst tells investors in a research note. The firm says Coinbase management remains confident in its longer-term goals. It brought down estimates “meaningfully” post the print.