Coinbase Global (COIN) received a rating update from Cantor Fitzgerald, which reiterated an Overweight rating but significantly cut its price target from $459 to $320 due to deteriorating crypto sentiment and trimmed future estimates.
- COIN is trading modestly higher in after-hours at around $240.90, reflecting stabilization after earlier analyst- and sentiment-driven selling.
- Despite the reduced price target, Cantor Fitzgerald maintained that Coinbase remains a “must-own” asset within the crypto ecosystem.