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. 

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Source Fool.com