Coinbase Price Target Slashed by Cantor Fitzgerald

Cantor Fitzgerald has lowered its price target for Coinbase Global (NASDAQ:COIN) stock from $250.00 to $184.00 in a note issued to investors on Monday.

This move suggests that the firm believes there is still potential upside of 25.80% from the company's current price, but it also reflects reduced expectations following Coinbase's recent earnings miss.

Cantor Fitzgerald currently has an 'overweight' rating on the cryptocurrency exchange's stock, but multiple analysts have lowered their price targets in recent days, including Needham, which cut its target to $177, and Oppenheimer, which reduced its target to $193.