U.S. stocks are rising on hopes the Fed is headed for a pause

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Coinbase (COIN) faces an 'incremental risk to operations' - TD Cowen

March 24, 2023 10:26 AM EDT

TD Cowen analyst Stephen Glagola downgraded Coinbase (NASDAQ: COIN) to Underperform from Market Perform with a $36 per share price target on Friday, telling investors in a note that there is an incremental risk to operations from the SEC Wells Notice and crypto banking crackdown.

The analyst stated it "appears multiple prongs of COIN's business are... More