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Goldman Remains Negative on Coinbase (COIN), Remains Sell Rated, 'reinforces the high degree of regulatory uncertainty in the crypto ecosystem'

June 6, 2023 10:47 AM EDT

Goldman Sachs analyst Will Nance reiterated a Sell rating and $45.00 price target on Coinbase Global Inc. (NASDAQ: COIN).

The analyst comments "Today's news appears largely consistent with prior headlines, including the wells notice COIN received from the SEC on March 22, 2023. However, given the multiple... More