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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.

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)