JPM CUTS COINBASE TARGET $BTC
Entry: 165.50 🟩
Target 1: 290 🎯
Stop Loss: 100 🛑
JPMorgan analyst Ken Worthington slashed his $COIN price target. He now sees $290. This still signals massive 75% upside. Earnings this Thursday are critical. Expect a dip in adjusted EBITDA driven by lower trading volumes and crypto price weakness. USDC growth is slowing. Spot crypto volume is projected at $2630 billion. Stablecoin revenue is estimated at $3.12 billion. Deribit acquisition cushions the blow. Total trading revenue hits $10.6 billion. Subscription and service revenue will be below guidance. Operating expenses are expected to be managed well.
This is not financial advice.
COINUSDT
Perp
147.73
-3.26%