Coinbase (COIN) Stock Climbs 4% as Morgan Stanley Lifts Price Target

Morgan Stanley raised its Coinbase price target from $250 to $258, keeping an Equal Weight rating, while Citizens JMP cut its target from $325 to $280 but kept Market Outperform. Coinbase's last quarter missed estimates, with revenue down 18.5% year over year to $1.22 billion. The company is expanding into stablecoins and derivatives.