Barclays Turns Bearish On Coinbase Following Q1 Woes, Slashing Price Target To $107

Coinbase (COIN) opened the quarter with a rough financial showing. After the exchange reported major losses in its first-quarter earnings, Barclays responded by cutting its price target for COIN, while Bank of America trimmed its target more modestly. Two Wall Street Takes On Coinbase Barclays lowered its Coinbase price target to $107 from $140, maintaining an Underweight rating following the company’s release. Bank of America, by comparison, reduced its target to $218 from $234 while keeping a