🚨 Morgan Stanley Slashes Coinbase Price Target by 53% Amid Slowing Crypto Activity
Wall Street giant Morgan Stanley has officially downgraded Coinbase ($COIN ) from Equal-weight to Underweight, cutting its stock price target by 53%—dropping from $258 down to $120.
Lead analyst Michael Cyprys highlighted key factors driving this bearish outlook:
1- Weak Trading Volumes: Sluggish retail and institutional trading activity heading into Q4.
2- Earnings Recovery Doubts: Uncertainty over whether transaction revenues can rebound sufficiently in the near term.
3- Reduced Revenue Forecasts: Significant downward revisions for future revenue and EBITDA projections.
While major market drivers like $BTC and $ETH remain focal points for broader retail interest, institutional confidence around exchange revenue models is facing a reality check.
What's your take on exchange stocks vs. holding spot crypto in current market conditions? Share your thoughts below! 👇
#writetoearn #CryptoNews #coinbase #BTC #ETH
Wall Street giant Morgan Stanley has officially downgraded Coinbase ($COIN ) from Equal-weight to Underweight, cutting its stock price target by 53%—dropping from $258 down to $120.
Lead analyst Michael Cyprys highlighted key factors driving this bearish outlook:
1- Weak Trading Volumes: Sluggish retail and institutional trading activity heading into Q4.
2- Earnings Recovery Doubts: Uncertainty over whether transaction revenues can rebound sufficiently in the near term.
3- Reduced Revenue Forecasts: Significant downward revisions for future revenue and EBITDA projections.
While major market drivers like $BTC and $ETH remain focal points for broader retail interest, institutional confidence around exchange revenue models is facing a reality check.
What's your take on exchange stocks vs. holding spot crypto in current market conditions? Share your thoughts below! 👇
#writetoearn #CryptoNews #coinbase #BTC #ETH
