US EditionCWEB Business News: Coinbase Stock Downturn: Analysts Warn of Overvaluation as Crypto Rally Cools
H.C. Wainwright has made a dramatic shift in its outlook on Coinbase Global (NASDAQ: COIN), slashing its rating from Buy to Sell and adjusting its price target down to $300. The abrupt reversal comes as the stock’s staggering 150% surge since April—vastly outperforming the Nasdaq’s 35% rise—has raised red flags over unsustainable valuation levels. While […]
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CWEB Business News: Coinbase Stock Downturn: Analysts Warn of Overvaluation as Crypto Rally Cools
H.C. Wainwright has made a dramatic shift in its outlook on Coinbase Global (NASDAQ: COIN), slashing its rating from Buy to Sell and adjusting its price target down to $300. The abrupt reversal comes as the stock’s staggering 150% surge since April—vastly outperforming the Nasdaq’s 35% rise—has raised red flags over unsustainable valuation levels. While […]
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