JPMorgan Analyst Drops COIN Price Target

Yahoo Finance2022-09-25

JPMorgan’s North American equity team is lowering its price target for shares of Coinbase Global from $78 to $60 for December.The publicly listed crypto exchange draws the majority of its revenue from...

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Comments

LongZR
2022-09-26
LongZR
Nice
- LongZR:
  nice
ccy1122
2022-09-26
ccy1122
[OK]
- frusty:
  ok
Williamw
2022-09-26
Williamw
Ok
- 1nquisit0:
  ok
RPGold
2022-09-26
RPGold
Ok
- Rabbit63:
  [Happy]
- Williamw:
  Ok
AlanChong
2022-09-26
AlanChong
Like
- Ghostwalker:
  ok
runningjames
2022-09-26
runningjames
Wow.... Wait for below 45 marks [Miser]

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Investors cannot withdraw staked ether until the Ethereum protocol implements its Shanghai upgrade set for sometime in the second quarter of 2023.Though crypto trading volumes remain low, JPMorgan isn’t anticipating “much in terms of writedowns” for the third quarter based on cryptocurrency prices held on the company’s balance sheet.“Although the quarter is not over and some tokens did see 3Q lows slightly below 2Q lows,” the team 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