Analyst warns 30% drop for Cathie Wood's favorite stock

Analysts at Needham & Company LLC have lowered their price target for Coinbase (Nasdaq: COIN), the largest cryptocurrency trading exchange in the U.S. Founded by Brian Armstrong and Fred Ehrsam in 2012, Coinbase became a public company in 2021. The company, which operates digital asset exchange platforms in more than 100 countries across the world, joined the coveted S&P 500 index in May this year. Related: Coinbase stock surges after new India announcement Coinbase among Wood's favorite stocks Vetera ...