Coinbase price target lowered to $275 from $390 at Monness Crespi

Monness Crespi lowered the firm’s price target connected Coinbase (COIN) to $275 from $390 and keeps a Buy standing connected the shares. Coinbase “still has cyclicality to it,’ but its quality to stay profitable means the stock’s aggregate tin statesman to grow anterior to net troughing, the expert tells investors successful a probe note. The steadfast believes the company’s accidental for full addressable marketplace enlargement and real-world inferior “remain successful play.”

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