Mizuho analyst Dan Dolev lowered the firm’s price target on Coinbase (COIN) to $170 from $280 and keeps a Neutral rating on the shares. The firm cites lower bitcoin prices for the target cut. The company’s fundamentals are under pressure as the “crypto winter” continued to take its toll on profits in Q4, the analyst tells investors in a research note. Mizuho believes Robinhood (HOOD) remains better positioned than Coinbase.
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