Morgan Stanley downgrades Coinbase rating and significantly cuts price target
MS Morgan Stanley
$187.10 +3.12%
View chart & analysis → - 1Morgan Stanley downgraded its investment rating on Coinbase from equal weight to underweight.
- 2Morgan Stanley's revised price target of $120 is lower than its previous target of $258.
- 3Coinbase shares fell 10.6% on Friday, marking their lowest closing price in two years.
So what's the key point?
Morgan Stanley lowered its investment rating for Coinbase and significantly reduced its price target to $120. Following this news, Coinbase shares fell 10.6% to reach their lowest closing price in two years.
Source CryptoProwl · View original ↗
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