Other▼ Bearish

Morgan Stanely downgrades Coinbase and cuts its price target by 53%

TradingGain Newsroom·1h ago·02 Nov 2026, 14:29 UTC

Morgan Stanley downgraded Coinbase and slashed its price target by 53%. Analyst Michael Cyprys pointed to weak crypto trading activity and doubts that earnings will bounce back. For traders, this points to caution on Coinbase and softer trading demand across the crypto market.

Why it matters

Weak crypto trading activity is hurting the outlook for Coinbase's business.
Doubts about an earnings recovery suggest profits may stay under pressure for now.
A 53% price target cut shows how sharply analysts have lowered their expectations.

What to watch next

Watch Coinbase's next earnings report and any signs that crypto trading volumes are picking up again.

This brief is written by TradingGain from public reporting by CoinDesk.Read original ↗

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TradingGain News summarises public reports in our own words and always links to the original source. Market Data stories are generated automatically from public exchange data. Nothing on this page is financial advice; always do your own research and use a stop-loss.