BUZZ-Wainwright double downgrades Coinbase on valuation concerns

Reuters

Jul 10, 2025

BUZZ-Wainwright double downgrades <a href="https://laohu8.com/S/COIN">Coinbase</a> on valuation concerns

** H.C. Wainwright downgrades cryptocurrency exchange Coinbase COIN.O by two notches, to "Sell" from "Buy", citing outstripped valuation

** The valuation of COIN has gone beyond near-term fundamentals with stock gaining nearly 150% from its April lows, which the brokerage considers "overdone"

** We believe this is opportune time to take profits ahead of the company's 2Q earnings release on July 31 - H.C. Wainwright

** COIN has gained at an increased pace post stablecoin issuer Circle's CRCL.O blowout stock market debut and after the Senate passed the stablecoin bill - the GENIUS Act - in a watershed moment for the digital asset industry

** However, shares of Coinbase were up marginally in premarket trade, tracking Bitcoin's BTC= strength, as it hovers near the record high mark

** Seventeen of 34 brokerages rate COIN "buy" or higher, and 17 "hold"; their median PT is $292.50 - LSEG

** As of last close, COIN up over 50% YTD

(Reporting by Pritam Biswas in Bengaluru)

((Pritam.Biswas@thomsonreuters.com))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

1
2
3
4
5
6
7
8
9
10

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www-web.itiger.com/news/2550642548"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2550642548\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2550642548?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-07-10 19:27","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2550642548","market":"us","top_or_hot":-1,"title":"BUZZ-Wainwright double downgrades Coinbase on valuation concerns","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\"><head><title>BUZZ-Wainwright double downgrades <a href=\"https://laohu8.com/S/COIN\">Coinbase</a> on valuation concerns</title></head><body><p>** H.C. Wainwright downgrades cryptocurrency exchange Coinbase <span>COIN.O</span> by two notches, to \"Sell\" from \"Buy\", citing outstripped valuation  </p><p>** The valuation of COIN has gone beyond near-term fundamentals with stock gaining nearly 150% from its April lows, which the brokerage considers \"overdone\" </p><p>** We believe this is opportune time to take profits ahead of the company's 2Q earnings release on July 31 - H.C. Wainwright </p><p>** COIN has gained at an increased pace post stablecoin issuer <a href=\"https://laohu8.com/S/CRCL\">Circle</a>'s <span>CRCL.O</span> <span>blowout stock market</span> debut and after the Senate passed the <span>stablecoin bill</span> - the GENIUS Act - in a watershed moment for the digital asset industry</p><p>** However, shares of Coinbase were up marginally in premarket trade, tracking Bitcoin's <span>BTC=</span> strength, as it hovers near the record high mark </p><p>** Seventeen of 34 brokerages rate COIN \"buy\" or higher, and 17 \"hold\"; their median PT is $292.50 - LSEG</p><p>** As of last close, COIN up over 50% YTD </p><p>(Reporting by Pritam Biswas in Bengaluru)</p><p>((Pritam.Biswas@thomsonreuters.com))</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>BUZZ-Wainwright double downgrades Coinbase on valuation concerns</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBUZZ-Wainwright double downgrades Coinbase on valuation concerns\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2025-07-10 19:27</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\"><head><title>BUZZ-Wainwright double downgrades <a href=\"https://laohu8.com/S/COIN\">Coinbase</a> on valuation concerns</title></head><body><p>** H.C. Wainwright downgrades cryptocurrency exchange Coinbase <span>COIN.O</span> by two notches, to \"Sell\" from \"Buy\", citing outstripped valuation  </p><p>** The valuation of COIN has gone beyond near-term fundamentals with stock gaining nearly 150% from its April lows, which the brokerage considers \"overdone\" </p><p>** We believe this is opportune time to take profits ahead of the company's 2Q earnings release on July 31 - H.C. Wainwright </p><p>** COIN has gained at an increased pace post stablecoin issuer <a href=\"https://laohu8.com/S/CRCL\">Circle</a>'s <span>CRCL.O</span> <span>blowout stock market</span> debut and after the Senate passed the <span>stablecoin bill</span> - the GENIUS Act - in a watershed moment for the digital asset industry</p><p>** However, shares of Coinbase were up marginally in premarket trade, tracking Bitcoin's <span>BTC=</span> strength, as it hovers near the record high mark </p><p>** Seventeen of 34 brokerages rate COIN \"buy\" or higher, and 17 \"hold\"; their median PT is $292.50 - LSEG</p><p>** As of last close, COIN up over 50% YTD </p><p>(Reporting by Pritam Biswas in Bengaluru)</p><p>((Pritam.Biswas@thomsonreuters.com))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"COIN","symbol_name":"Coinbase Global, Inc.","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250710:nL4N3T70V5:1","article_id":"2550642548","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2550642548","pubTimestamp":1752146849,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"BUZZ-Wainwright double downgrades Coinbase on valuation concerns** H.C. Wainwright downgrades cryptocurrency exchange Coinbase COIN.O by two notches, to \"Sell\" from \"Buy\", citing outstripped valuation  ** The valuation of COIN has gone beyond near-term fundamentals with stock gaining nearly 150% from its April lows, which the brokerage considers \"overdone\" ** We believe this is opportune time to take profits ahead of the company's 2Q earnings release on July 31 - H.C. Wainwright ** COIN has gained at an increased pace post stablecoin issuer Circle's CRCL.O blowout stock market debut and after the Senate passed the stablecoin bill - the GENIUS Act - in a watershed moment for the digital asset industry** However, shares of Coinbase were up marginally in premarket trade, tracking Bitcoin's BTC= strength, as it hovers near the record high mark ** Seventeen of 34 brokerages rate COIN \"buy\" or higher, and 17 \"hold\"; their median PT is $292.50 - LSEG** As of last close, COIN up over 50% YTD ","collect":0,"end_time":0,"defaultTopTitle":"","property":["rate"],"viewcount":null,"language":"en","relate_stocks":{"COIN":"Coinbase Global, Inc."},"translate_title":"BUZZ-Wainwright因估值担忧双重下调Coinbase评级","themeId":"86f9f2deebc562b80cd4c4c7c1df818e","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"COIN":0.9},"content_text":"BUZZ-Wainwright double downgrades Coinbase on valuation concerns** H.C. Wainwright downgrades cryptocurrency exchange Coinbase COIN.O by two notches, to \"Sell\" from \"Buy\", citing outstripped valuation  ** The valuation of COIN has gone beyond near-term fundamentals with stock gaining nearly 150% from its April lows, which the brokerage considers \"overdone\" ** We believe this is opportune time to take profits ahead of the company's 2Q earnings release on July 31 - H.C. Wainwright ** COIN has gained at an increased pace post stablecoin issuer Circle's CRCL.O blowout stock market debut and after the Senate passed the stablecoin bill - the GENIUS Act - in a watershed moment for the digital asset industry** However, shares of Coinbase were up marginally in premarket trade, tracking Bitcoin's BTC= strength, as it hovers near the record high mark ** Seventeen of 34 brokerages rate COIN \"buy\" or higher, and 17 \"hold\"; their median PT is $292.50 - LSEG** As of last close, COIN up over 50% YTD (Reporting by Pritam Biswas in Bengaluru)((Pritam.Biswas@thomsonreuters.com))","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}