Markets
Coinbase (COIN) Stock Gets a 53% Price Target Cut From Morgan Stanley
CoinCentral·November 3, 2026·1 min read
Morgan Stanley cut Coinbase (COIN) to Underweight from Equalweight, slashing its price target to $120 from $258, a 53% reduction. The stock trades near $138, just above its 52-week low of $136.89. The bank lowered 2027 and 2028 revenue and EBITDA forecasts. Q3 net revenue fell 34% to $1.16 billion.
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