Coinbase Receives Downgrade to ‘Sell’ as Retail Interest Cools: Compass Point

In brief Compass analysts lowered their price target for Coinbase shares to $248 The firm’s stock price has slid 15.5% since its Q2 miss last week. The exchange posted a sequential drop in transaction revenue. Analysts at investment bank Compass Point downgraded Coinbase’s stock to “Sell” from “Neutral” on Sunday, flagging increased stablecoin competition and...