Coinbase Shares Rally Despite Q4 Miss as Analysts Cut Price Targets
Coinbase shares surged roughly 12 percent even after the crypto exchange reported fourth quarter results that fell short of Wall Street expectations, prompting several major banks to reduce their price targets. Analysts from Barclays, Benchmark, Clear Street, and JPMorgan cited weaker retail trading activity, macroeconomic headwinds, and lower consumer monetization as key near term pressures, […]
