Coinbase Shares Plunge as Weak Earnings Prompt Near-Term Caution

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“We proceed to suggest Coinbase as we see it as a pacesetter within the crypto-ecosystem, however we acknowledge that crypto is in want of a catalyst and the chance in proudly owning Coinbase inventory continues to rise with constructive earnings getting pushed additional to the long run,” Kenneth Worthington, an fairness analysis analyst at JPMorgan, stated in a be aware to purchasers. The financial institution minimize its value goal to $171 from $258, sustaining an obese advice on shares.

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