Coinbase fell nearly 7% to around $152 after Baird reiterated a Neutral rating but cut its price target, citing weak trading activity that could continue to pressure the business. The note signals ongoing headwinds for Coinbase's transaction-driven revenue model and may weigh on near-term expectations for the stock.
Coinbase fell nearly 7% to around $152 after Baird reiterated a Neutral rating but cut its price target, citing weak trading activity that could continue to pressure the business. The note signals ongoing headwinds for Coinbase's transaction-driven revenue model and may weigh on near-term expectations for the stock.
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Request DemoOverall Sentiment
moderately negative
Sentiment Score
-0.35
Ticker Sentiment
