Morgan Stanley changed its rating on Coinbase Global to Underweight and set a $120 price target.

Nov 2, 2026, 6:34 AM ETOpinionRead the original at marketscreener.com

Bad for COIN

Morgan Stanley cut Coinbase from Equalweight to Underweight and set a $120 share target. This is a negative view of the stock, though the story reports no change to Coinbase's business.

COIN · Coinbase Global, Inc.

AI read · Bad for COIN

The AI's read

This is a negative outside view, not a change to Coinbase's reported business. Morgan Stanley's lower rating and $120 share target show a weaker view of the stock, and the report gives no company results pointing the other way.

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