🔴 COIN is trading 4.6% down today after a price target cut and bearish sentiment

COIN is trading at 4.6% down now at $255.10 following a fresh analyst price-target cut and growing concern about its sensitivity to crypto cycles.

• Compass Point lowered its Coinbase price target to $230 (from $266) and reiterated a Sell rating.
• The downgrade cited Q4 revenue tracking about 5% below consensus and potential 10% EBITDA downside.
• Technical indicators and forecast services also flag a bearish near-term outlook for the stock.