Mmastodon BusinessMarkets first seen 4 d ago, last 4 d ago, peak #2
Morgan Stanley slashes Coinbase price target to $120 after weak Q3
Original: Morgan Stanley cuts Coinbase price target to $120 from $258 after weak Q3 Morgan Stanley cut its Coinbase price target b
Morgan Stanley has cut its price target on Coinbase by roughly 53%, to $120 from $258, following a weak third quarter. The bank pointed to slowing trading volumes, a softer revenue outlook and fallout from the Binance hack as reasons for the downgrade, adding to pressure on crypto-exchange stocks.
Why now: Investors are reacting to a major bank sharply downgrading one of the largest crypto exchanges after disappointing quarterly results.
Rank over time, top of the chart is #1. 3 snapshots from 4 d ago to 4 d ago.
Evidence
API: https://socialmediatrends-api.osmike.com/v1/trends/4692766