Coinbase (COIN) sinks as SEC sues, alleges breach of US securities laws
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Coinbase Global Inc. (COIN) called 'uninvestable' at Berenberg, Slashes Price Target
June 8, 2023 6:22 AM EDTBerenberg analyst Mark palmer lowered the price target on Coinbase Global Inc. (NASDAQ: COIN) to $39.00 (from $55.00) while maintaining a Hold rating.
The analyst comments "We had expected COIN to report weak Q223 trading volumes even before the SEC filed a lawsuit against it on Tuesday, and we believe the overhang from the... More
Goldman Remains Negative on Coinbase (COIN), Remains Sell Rated, 'reinforces the high degree of regulatory uncertainty in the crypto ecosystem'
June 6, 2023 10:47 AM EDTGoldman Sachs analyst Will Nance reiterated a Sell rating and $45.00 price target on Coinbase Global Inc. (NASDAQ: COIN).
The analyst comments "Today's news appears largely consistent with prior headlines, including the wells notice COIN received from the SEC on March 22, 2023. However, given the multiple... More
Coinbase (COIN) Sued By SEC For Breaking US Securities Rules - Bloomberg
June 6, 2023 8:14 AM EDT(Updated - June 6, 2023 8:17 AM EDT)
The SEC sued Coinbase (NASDAQ: COIN) in federal court in New York on Tuesday, alleging the crypto firm broke US Securities rules, according to Bloomberg.
... More