D.A. Davidson analyst Chris Brendler downgraded Coinbase to neutral from buy after a more than doubling in the stock in 2023 sent the shares surging past his $55 price target.
With Coinbase’s upcoming Q4 earnings and growing regulatory concerns, Brendler suggests now is a good time to take some money off the table, even as he remains bullish on the stock over the longer term.
HeleneBraunn I mean.. lol
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Cathie Wood’s Ark Invest bags nearly $16M Coinbase stocks in February.ARKInvest's latest purchases show a bullish outlook on the cryptocurrency market, with the investment management firm stacking nearly $16 million in Coinbase stock over just two days. ARKInvest The latest purchases come amid Ark Invest CEO and chief investment officer Wood continuing to express a bullish outlook on the cryptocurrency market. Ark’s chief executive also believes crypto assets will see a huge turnaround in 2023 due to inflation and a potential Fed pivot.
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