Coinbase price target lowered to $330 from $440 at Bernstein

Bernstein lowered the firm’s price target on Coinbase (COIN) to $330 from $440 and keeps an Outperform rating on the shares. The combination of geopolitics and temporary crypto weak sentiment is offering big discounts on crypto stocks. In the firm’s view, these businesses offer exposure to trillion-dollar markets with years of growth ahead. Bernstein believes, “we will see a bottom in crypto stocks into weak Q1 earnings.”