Morgan Stanley Cuts Coinbase Target to $120 as Earnings Outlook Weakens

Morgan Stanley has turned more cautious on Coinbase, cutting its rating to Underweight and setting a $120 price target. Analyst Michael Cyprys pointed to weaker trading activity and slowing earnings growth. He also warned that the Binance hack could hurt confidence in centralized crypto exchanges. The bank lowered its 2027 revenue estimate by 28% and […] Read The Full Article Morgan Stanley Cuts Coinbase Target to $120 as Earnings Outlook Weake…