Coinbase (COIN) announces restructuring plan, reduction of workforce by approximately 1,100 employees
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Coinbase Global Inc. (COIN) PT Lowered to $61 at JPMorgan
June 16, 2022 9:43 AM EDTJPMorgan analyst Kenneth Worthington lowered the price target on Coinbase Global Inc. (NASDAQ: COIN) to $61.00 (from $68.00) while maintaining a Neutral rating.
The analyst comments "Late night and on the road, we reflect on Coinbases decision to eliminate 1,100 jobs. Based on the... More
Coinbase (COIN) Erases Decline, Now Up 1%
June 14, 2022 9:15 AM EDTCoinbase (NASDAQ: COIN) Erases Decline, Now Up 1%
Shares were down 6% earlier on the downgradeit announced job cuts earlier... More
Coinbase (COIN) Stock Extends Decline After JPMorgan Downgrade, PT Cut by 60%
June 14, 2022 8:04 AM EDTJPMorgan analyst Kenneth B. Worthington downgraded shares of Coinbase Global (NASDAQ: COIN) to Neutral from Overweight.
The price target is cut by 60% to $68.00 as the analyst predicts the slide in cryptocurrency prices and robust investments will likely weigh on profits for some time.
While we continue to... More
