Why Coinbase Stock Is Tumbling Today
Shares of Coinbase Global (NASDAQ: COIN) were falling Wednesday after an analyst downgraded the stock and slashed his price target for the shares.
The cryptocurrency stock was trading 4.6% lower as of 1:01 p.m. ET.
Atlantic Equities analyst Simon Clinch downgraded the cryptocurrency exchange operator's stock from overweight to neutral, and cut his price target for the shares from $95 to $54.
Source Fool.com