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Coinbase price target lowered to $240 from $325 at Rosenblatt

Rosenblatt lowered the firm’s price target on Coinbase (COIN) to $240 from $325 and keeps a Buy rating on the shares. Although the firm’s estimates fall “significantly” after Q4 results that were weaker than expected, the firm says it continues to view Coinbase as “the clear leader in a sector that is still early in the tech lifecycle.”

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