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
[Read the original report](https://www.coindesk.com/markets/2026/11/02/morgan-stanley-downgrades-coinbase-slashes-price-target-53-on-weak-earnings-outlook)
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