Goldman Sachs Lowers Coinbase’s Price Target and Cuts Rating to “Sell” from “Neutral”

Goldman Sachs (GS) cut Coinbase’s (COIN) rating to “sell” from “neutral” and slashed its price target to $45 from $70, the bank said in a report on Monday.

The downgrade was due to the continued fall in crypto prices and the ensuing fall in industry activity levels, Goldman said.

[Via]

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