COIN is trading at $157 (-3.4%) in pre-market after JPMorgan slashed its price target to $290 from $399, citing weak crypto prices and lower trading volumes.
- Analysts pointed to a less constructive environment for the exchange ahead of its Q4 earnings report scheduled for February 12.
- Broader market pressure is mounting as BTC (-2.85%) and ETH (-3.21%) decline amid investor caution before upcoming jobs data.