CoinDesk reports that Morgan Stanley downgraded Coinbase, reducing its price target by 53% due to weak earnings outlook. Analyst Michael Cyprys highlighted concerns over low crypto trading activity and uncertainty regarding a potential earnings recovery. This downgrade reflects broader challenges in the crypto market, impacting investor sentiment and expectations for Coinbase's performance.

AI-assisted source briefing. Based on the CoinDesk report; not independently verified.

Source published: Mon, 02 Nov 2026 14:29:33 +0000