Barclays lowered the firm’s price target on Coinbase (COIN) to $258 from $291 and keeps an Equal Weight rating on the shares. The firm updated the company’s model ahead of the Q4 report. Coinbase’s Q4 saw softer trading volumes, mixed crypto asset prices, and decelerating USDC growth, the analyst tells investors in a research note.
Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on COIN:
- Quantum Leap: D-Wave to acquire Quantum Circuits for $550M
- Mixed options sentiment in Coinbase with shares down 3.15%
- Coinbase price target lowered to $440 from $510 at Bernstein
- Coinbase price target lowered to $325 from $470 at Rosenblatt
- Coinbase Stock (COIN) Soars as Goldman Sachs Upgrades Rating to Buy