Coinbase stock target raised to $258 by Morgan Stanley

Morgan Stanley has raised its Coinbase stock price target from $250 to $258 ahead of earnings while retaining an Equal Weight rating, placing its forecast 50% above the shares’ previous $172 close. Morgan Stanley increased its Coinbase target by $8 without changing its Equal Weight recommendation. Citizens JMP lowered its target to $280 from $325 but retained a Market Outperform rating. Coinbase reported second-quarter revenue of $1.22 billion, down 18.5% from a year earlier. The company has expanded derivatives and stock products while facing state challenges over prediction markets.

Source: crypto.news