Goldman Sachs downgraded Coinbase stock from “neutral” to “sell” this morning. The company’s shares have fallen 10% since the markets opened. In a research note to investors, the bank’s analysts led by Will Nance downgraded the shares after several weeks of market volatility and turbulence. The team set a revised price target of $45, down from $70 earlier this year, citing “continued downdraft prices in crypto prices” and the larger drop in activity levels across the industry.
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