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Coinbase Shares Plunge as Weak Earnings Prompt Near-Term Caution

Wall Street analysts lowered share-price targets for the crypto exchange after its first quarter earnings report.

Updated May 11, 2023, 4:14 p.m. Published May 11, 2022, 1:22 p.m.
Coinbase opened with a $102 billion valuation at its initial public offering. (Robert Nickelsberg/Getty Images)
Coinbase opened with a $102 billion valuation at its initial public offering. (Robert Nickelsberg/Getty Images)