Faster global financial news!
Morgan Stanley downgrades Coinbase to "Underweight," slashes price target by 53% to $120.
Morgan Stanley downgraded Coinbase to "Underweight" and slashed its price target by 53% to $120 from $258. Analyst Michael Cyprys cited weak trading activity, a disappointing revenue outlook, and uncertainty following the $6.3 billion Binance hack as key reasons. The firm cut its 2027 revenue forecast for Coinbase by 28% and its adjusted EBITDA estimate by 47%. Coinbase's third-quarter revenue was $1.22 billion, 6% below Morgan Stanley's expectations.
No AI analysis yet. Tap the "AI Analysis" button above to generate one now.
Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
24H Trending
-
1
OMG and RIF Contract Status Analysis: Two Layer Projects Heading in Different Directions
-
2
What is WE Coin? An Analysis of WeBuy Token (WE)'s Use Cases and Trading Platforms
-
3
Bitcoin, Gold, and Stocks: A Comparison of Risks, Returns, and Use Cases
-
4
Is it true that PI is buying Hongqi cars? Pi Network's latest developments and risk warnings
-
5
What is MATE? An Analysis of the Asset, Project Positioning, and Current Status
-
6
Cayman Islands Virtual Asset Trading Platforms: Regulatory Framework and Key Platforms Overview
-
7
Deliq Finance (DLQ) Coin Analysis: Project Status and Market Liquidity
-
8
FNB Protocol (FNB Coin) Value Analysis: Project Status and Investment Considerations
-
9
DECENTRALIZED (Runes) Token Analysis: Traceability Runes on the Bitcoin Runes Protocol
-
10
Can Ethereum still be mined with mining rigs? After the Merge, mining has shifted to staking.
Markets Today
Recommended Reading
Hot Topics
Svmuu focuses on blockchain industry trends and cutting-edge cryptocurrency news, while also covering real-time market data and in-depth analysis of the Hong Kong, U.S., and foreign exchange markets. Here, you can not only access professional 24/7 news updates and accurate market data, but also utilize practical investment tools to help you capitalize on opportunities in both digital assets and traditional financial markets. Whether you are a blockchain enthusiast or an investor in Hong Kong, U.S., or foreign exchange markets, we provide efficient and timely information services to empower your investment decisions.
- User Agreement
- Privacy Policy
- Contact Us
- Business Partnerships
- Disclaimer
- Content Statement
- About Us
- Sitemap
Coming Soon!
