Morgan Stanley Raises Coinbase Price Target to $258 Ahead of Earnings
- —Morgan Stanley raised its Coinbase target to $258 from $250, keeping Equal Weight
- —Citizens JMP cut its target to $280 from $325 but kept Market Outperform
- —Coinbase's prior-quarter revenue was $1.22B versus the $1.29B estimate
- —The average analyst target is $224.29 with a Hold rating
Why it matters: Coinbase's earnings will show whether derivatives and stablecoin revenue can offset weaker spot trading fees.
Source: CoinGape