.coinbase consensus revenue estimates for 2023 could be way too high, says BankofAmerica, downgrading the stock to underperform after its big rally to start the year. $COIN is down more than 3% premarket. willcanny99 reports
The Coinbase consensus revenue outlook for this year is still too rosy, says Bank of America’s Jason Kupferberg, downgrading the stock to underperform from neutral and cutting his price target to $35 from $50.
Kupferberg’s downgrade comes after COIN’s near-30% rally to start 2023, and has helped send the shares lower by 3.6% premarket to $41.68. The stock’s gain this year comes after a decline of more than 80% in 2022. Helping out are about a 5% bounce in the price of bitcoin and the company yesterday announcing its intention
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ethereum (ETH) Might Lead New Rally, Start Expected in Q1, 2023: OpinionMining veteran Jiang Zhuoer explains when next bullish rally might start — and why Bitcoin (BTC) can lag behind Ethereum (ETH) in 2023
Read more »
FIA Retires Ken Block's #43 in World Rally Championship for 2023Block, who died in a snowmobile accident on Monday, used the number for most of his career.
Read more »
Yuan rally to provide FX stability in 2023 – China PressCiting comments from Guan Tao, a former official at China’s State Administration of Foreign Exchange (SAFE), Yicai.com reported that the Yuan's new ye
Read more »
See the 2023 Porsche 911 Dakar's Retro East African Rally Body WrapsBuying a 911 Dakar? You need one of these factory body wraps.
Read more »
Dow books near 200-point gain Tuesday as stock extend modest 2023 rallyU.S. stocks closed higher Tuesday, shaking off earlier weakness to end near the session's high. The Dow Jones Industrial Average gained about 187 points, or 0.6%, ending near 33,705:
Read more »
'Solana Killer' Aptos Token up 50% in 2023, But This Fact May Cool Down Investors$APT soars 50% right before massive unlocking worth $26 million in Aptos tokens aptos apt aptosapt aptosecosystem aptosnfts solana sol $sol
Read more »