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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