Bitcoin-Related Stocks Fall as Bitcoin Falls Back to $21K Level

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Coinbase Global Inc. (COIN) PT Lowered to $61 at JPMorgan

June 16, 2022 9:43 AM EDT

JPMorgan 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