Coinbase downgraded as Compass Point sees 'choppy' Q3 for crypto
Main Idea
Compass Point Research & Trading downgraded Coinbase Global stock to Sell from Neutral due to an anticipated 'choppy' environment for crypto starting in the third quarter.
Key Points
1. Compass Point Research & Trading downgraded Coinbase Global (NASDAQ:COIN) stock to Sell from Neutral.
2. Analyst Ed Engel predicts a 'choppy' environment for crypto starting in the third quarter.
3. The downgrade follows recent performance of the crypto exchange.
Description
More on Coinbase Coinbase: High Platform Profitability Coinbase: Q2 Disappointment Highlights Crypto Retail-To-Institution Transition Coinbase Global, Inc. (COIN) Q2 2025 Earnings Call Transcript Coinbase sees Q3 subscription and services revenue growth target of up to $745M as it expands everything exchange and stablecoin payments Coinbase stock slides after Q2 earnings, revenue fall short; issues Q3 outlook
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