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RegulationSource: CoinCentral ·

Coinbase (COIN) Stock Gets a 53% Price Target Cut From Morgan Stanley

Morgan Stanley cut Coinbase to Underweight from Equalweight. Its price target dropped to $120 from $258, a cut of about 53%. The stock trades near $138, just above its 52-week low of $136.89. The bank lowered 2027 and 2028 revenue and EBITDA forecasts.

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