HomeMarketsIndicesCoinbase (COIN) Has Created Too Much Uncertainty, According To Piper Sandler

Coinbase (COIN) Has Created Too Much Uncertainty, According To Piper Sandler

Coinbase (COIN) has created too much uncertainty to prudently project revenues in future years, according to Piper Sandler. Kevin Green discusses COIN as Piper Sandler expects 2-year lows in 2Q for quarterly trading volumes and monthly transacting user totals. Kevin also talks about how movement in bitcoin (/BTC) impacts COIN. Piper Sandler downgraded COIN to neutral from overweight. COIN is up 120% year-to-date. Tune in to find out more about the stock market today.

Morning Trade Live

05 Jul 2023

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