Coinbase Price Target Slashed 50% as Selloff Deepens — SkimNews
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- Coinbase had its analyst price target cut by 50% in the wake of its quarterly earnings report, with the reduction landing while the shares were still sliding.
- Coinbase's post-earnings rout deepened, with the stock's selloff extending beyond the initial earnings reaction itself.
Why it matters: The 50% cut to Coinbase's price target is the loud number, but it lands on top of an earnings rout that kept deepening — the selloff, not the benchmark, is the primary event. For anyone underwriting the stock after the report, the analyst's reference point has been halved while the shares kept sliding.
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