J.P. Morgan Slashes Coinbase Target Price to $148

J.P. Morgan analyst Ken Worthington has maintained his buy rating for Coinbase (COIN.US), while reducing its target price from $196 to $148.

The adjustment reflects a reevaluation of the company's performance and prospects, but it does not necessarily indicate any change in J.P. Morgan's overall outlook on Coinbase.

Worthington has maintained a success rate of 48.8% and an average return of 1.8% over the past year, according to TipRanks data.