This Growth Stock Soared 391% in 2023. It Could Fall 48% in 2024, According to Wall Street.

The cryptocurrency market declined more than 60% in 2022 amid a broader exodus from risky assets, but it rebounded 110% in 2023 as investor sentiment improved, in part because of excitement about the possible launch of spot Bitcoin ETFs. That volatility hit Coinbase Global (COIN -9.80%) particularly hard in both directions. After tumbling 86% in 2022, the stock soared 391% in 2023.However, Wall Street sees the stock as significantly overbought. Coinbase carries an average analyst 12-month price target of $9 ...