“While COIN has minimal exposure to FTX, before there is enough evidence that the contagion risk is contained, the pressure on crypto prices will likely weigh on COIN,” Oppenheimer analyst Owen Lau told clients in a research note Thursday morning. The firm lowered its price target to $89 from $107, maintaining an outperform stock rating.
Cathie Woods’ ARK Buys 238K More Shares in Coinbase Exchange Amid Crypto Rout
