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via finance.yahoo.comMarkets

Morgan Stanley turns bearish on Coinbase, cuts target to $120 from $258

FROM THE WIRE · FINANCE.YAHOO.COM

Investing.com -- Morgan Stanley cut Coinbase to Underweight from Equal-weight and lowered its price target to $120 from $258 in a note to clients on Monday. Still guessing which stocks will beat the market? Our AI portfolio updates monthly and is outperforming the S&P 500 by…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishThe downgrade and deep target cut reflect weaker expected revenue for the stock.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Morgan Stanley cut Coinbase to Underweight from Equal-weight.
  2. 02The price target fell to $120 from $258.
  3. 03Third-quarter revenue of $1.22 billion came in 6% below the bank's forecast.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Coinbase Global, Inc.COINStock141.41 USD+0.57%today -1.49%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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