Barclays Slashes Coinbase Price Target Amid Q1 Earnings Disappointment
Coinbase (COIN) is facing significant headwinds following its first-quarter earnings release, with major Wall Street firms reassessing their positions on the cryptocurrency exchange.
Bitcoin Price Today and Crypto Market Impact Following COIN Downgrade
Barclays has turned decidedly bearish, slashing its COIN price target from $140 to $107 while maintaining an Underweight rating. The sharp 23.6% downgrade reflects serious concerns about the company's operational performance. Bank of America took a more measured approach, reducing its target from $234 to $218 while maintaining a Buy rating—a modest 6.8% cut that suggests more optimism than its peer.