Morgan Stanley released the latest rating report on the cryptocurrency exchange Coinbase, officially downgrading its investment rating from “neutral” to “reduced holdings,” while drastically cutting the target price from $258 to $120, a drop of about 53%. This drastic adjustment directly reflects the agency's strong concerns about the short-term decline in market momentum.

Morgan Stanley released the latest rating report on the cryptocurrency exchange Coinbase, officially downgrading its investment rating from “neutral” to “reduced holdings,” while drastically cutting the target price from $258 to $120, a drop of about 53%. This drastic adjustment directly reflects the agency's strong concerns about the short-term decline in market momentum.