Bernstein has lowered its target price for Coinbase Global, Inc. from $440 to $330. The downgrade in price target reflects changing market conditions and expectations for Coinbase’s performance, according to the note.
The move underscores ongoing volatility in crypto-related equities as investors reassess fundamental prospects for exchange operators. While target revisions are common in this sector, the change highlights increased caution about Coinbase’s near-term trajectory.
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