Coinbase Stock Slides As Analysts Weigh In On Q2, Market Share Drop, Investment Strategy
1. Coinbase reported disappointing Q2 earnings, leading to a significant stock decline. 2. JPMorgan downgraded COIN's price target from $404 to $342 due to market share loss. 3. Goldman Sachs maintained a neutral outlook but raised COIN's price target to $348. 4. Analysts split on COIN's potential, with some raising targets despite weak earnings. 5. Coinbase experienced a strong recovery in July trading revenue, suggesting potential upside.