Coinbase Downgraded to Neutral at DA Davidson Ahead of Earnings

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D.A. Davidson analyst Chris Brendler downgraded Coinbase $COIN to neutral from buy after a more than doubling in the stock in 2023 sent the price surging past his $55 price target. HeleneBraunn reports

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.

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귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.

HeleneBraunn I mean.. lol

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