Coinbase Global Inc (NASDAQ:COIN) published on Tuesday a report warning investors of a “crypto winter” being underway. The company is scheduled to report its first-quarter earnings on May 8.
Although the company began 2025 with significant momentum due to pro-crypto comments by the Trump administration, sentiment has reversed against “sharply rising macro concerns,” according to Rosenblatt Securities.
The Coinbase Global Analyst: Analyst Chris Brendler reiterated a Buy rating, while reducing the price target from $305 to $290.
The Coinbase Global Thesis: The first-quarter estimates for the company have been lowered to reflect continued decline in trading …Full story available on Benzinga.com
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