Cathie Wood buys the dip in Coinbase shares amid SEC crackdown

Go back to Cathie Wood buys the dip in Coinbase shares amid SEC crackdown

Coinbase Global Inc. (COIN) called 'uninvestable' at Berenberg, Slashes Price Target

June 8, 2023 6:22 AM EDT

Berenberg analyst Mark palmer lowered the price target on Coinbase Global Inc. (NASDAQ: COIN) to $39.00 (from $55.00) while maintaining a Hold rating.

The analyst comments "We had expected COIN to report weak Q223 trading volumes even before the SEC filed a lawsuit against it on Tuesday, and we believe the overhang from the... More