Bernstein downgrades Coinbase to Underperform, upgrades Circle to $145 target

Bernstein downgraded Coinbase while upgrading Circle, raising its Circle price target to $145 from $140 on Arc token presales and reserve yield outlook, expecting Q3 revenue of $770M even as USDC supply fell to about $73B from $77B. The rating changes follow Bernstein's earlier cut of its Coinbase price target to $250 from $330.

Detected & updated continuously · Source: Nebula