Cantor Fitzgerald last night downgraded Coincheck (CNCK) to Neutral from Overweight with a price target of $6, down from $9, following the fiscal Q1 report. The firm reduced estimates to reflect lower trading volumes and lower take-rates. It cites the estimate cuts and Coincheck’s valuation for the downgrade.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CNCK:
- Coincheck Group Reports Mixed Q1 Financial Results
- Coincheck downgraded to Neutral from Overweight at Cantor Fitzgerald
- Coincheck Group Reports Q1 2026 Financial Results Amid Strategic Expansions
- Coincheck, Mercoin partner for crypto trading on Mercari app
- Coincheck Group Announces Strategic Partnership with Mercoin