News Explorer — JPMorgan Slashes Coinbase Price Target—But Remains Bullish

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Feb 13, 9:50 am

Coindesk

JPMorgan Slashes Coinbase Price Target—But Remains Bullish

Price targets for Coinbase stock were lowered by Wall Street analysts from JPMorgan and Canaccord after the crypto exchange missed fourth-quarter earnings estimates. Despite a 40% decline in stock price this year, analysts see Coinbase as solidly profitable in a volatile crypto market.

Price targets for Coinbase stock were lowered by Wall Street analysts from JPMorgan and Canaccord after the crypto exchange missed fourth-quarter earnings estimates. Despite a 40% decline in stock price this year, analysts see Coinbase as solidly profitable in a volatile crypto market.

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