Coinbase slips after Goldman Sachs downgraded it to Sell from Neutral
Mon, Jun 27, 2022 7:22 PM

Coinbase slips after Goldman Sachs downgraded it to Sell from Neutral

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Coinbase Global witnessed a downfall in its shares on Monday Monday after Goldman Sachs downgraded the stock to Sell from Neutral.

The financial service company cited the likelihood that revenue declines will accelerate in the second half of the year. It also slashed the price target on Coinbase to $45 from $70 on Monday as it outlined many pressures the company and its stock to undergo.

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