CryptoBearishNewsBTC · 6h ago7/10
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Barclays Turns Bearish On Coinbase Following Q1 Woes, Slashing Price Target To $107
Barclays slashed its Coinbase price target to $107 from $140 with an Underweight rating following the exchange's Q1 earnings miss, citing significant shortfalls in revenue and adjusted EBITDA. While Bank of America took a more measured approach, reducing its target to $218 while maintaining a Buy rating, both moves reflect investor concerns about Coinbase's operational challenges including a 36% decline in consumer volumes and a $394.1 million net loss.
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