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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