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Morgan Stanley Downgrades Coinbase Global to Underweight, Lowers Price Target to $120

Nov 2, 2026 · 06:27 AM ET· updated 8h ago

Morgan Stanley analyst Michael Cyprys downgrades Coinbase Global (NASDAQ:COIN) from Equal-Weight to Underweight and lowers the price target from $258 to $120.

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Why It Matters

A big bank analyst thinks Coinbase stock looks less attractive right now. Watch how the company makes money and if crypto markets stay healthy.

This read is generated by AI from raw market data and is for education only. It is not financial advice, not a signal, and not a recommendation to buy or sell.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.

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