Why The Coinbase Stock Fell 4.3% (COIN)

By Amit Chowdhry ● Jan 25, 2023
  • The stock price of Coinbase (COIN) fell by 4.3% in the most recent trading session. This is why.

The stock price of Coinbase (COIN) fell by 4.3% in the most recent trading session.

Why: Research report

Price target: $30

Rating: Underperform

Analyst firm: Mizuho

Mizuho analysts adjusted the rating while noting that a proprietary survey suggested that retail investors continue to shy away from crypto despite the recently rally. And the survey combined with disappointing market share data and potential signs of take rate pressure in the fourth quarter may all mean that more headwinds are expected for the 2023 revenue.