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Coinbase investors should cash in. The stock has rallied too much ahead of earnings, analyst says
Coinbase's stock has gained nearly $100 more than this analyst expected when he said two months ago that people should buy it, and it has also outperformed bitcoin by a wide margin Shares of Coinbase Global Inc. have run up a little too much in the past couple of months, even with all the positive regulatory developments around cryptocurrency and with bitcoin's rally - so if you own the shares, it's time to book some profits, Monness Crespi Hardt's Gus Gala recommended. Gala lowered his rating on the cryptocurrency exchange's stock (COIN) to neutral from buy, and he no longer has a price target. The downgrade comes ... (full story)
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