Another analyst cuts Coinbase price target ahead of earnings

Just days after JPMorgan's price revision for Coinbase (NASDAQ: COIN), another equity analyst has lowered the largest American crypto exchange's price target. This comes right ahead of its earnings, which will be announced after market close on Feb. 12. H.C. Wainwright analyst Mike Colonnese warned of a potential revenue and adjusted EBITDA shortfall tied to weaker crypto markets. Related: Cathie Wood buys crypto stocks aggressively as Bitcoin crashes Earnings pressure builds on Coinbase Colonnese exp ...