Citizens JMP lowered the firm’s price target on Coinbase (COIN) to $400 from $475 and keeps an Outperform rating on the shares. The recovery in Financial Services business momentum, like in Investment Banking, which started in 2024 and had been accelerating, is now in jeopardy, the analyst tells investors in a research note. Earnings season matters a lot less than the macro right now, the firm says.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on COIN:
- Cathie Wood Buys the Dip in Nvidia (NVDA) and Amazon (AMZN) Stocks
- Coinbase price target lowered to $169 from $328 at Barclays
- Crypto Currents: Hut 8, Eric Trump launch American Bitcoin
- Coinbase Fires Shot to Launch XRP Futures in U.S.
- Crypto CEX Listings Skyrocket with 80% Average Returns, Outpacing IPOs on Nasdaq and Dow