HC Wainwright downgraded Coinbase to Sell, citing a 150% stock rally outpacing fundamentals and predicted revenue declines ahead of Q2 results. They revised revenue forecasts down significantly, emphasizing softness in transaction income despite potential gains in subscription revenue.
A senior analyst at HC Wainwright said: "The cryptocurrency market may be volatile right now, but every storm will pass — and when it does, fortunes will come."
The digital asset market has once again become the focal point, and not for the reasons that excite the average investor.
According to investment firm HC Wainwright, Bitcoin (BTC) could more than double its current price to reach $225,000 by the end of 2025, accelerated by regulatory clarity and institutional adoption.
In a note sent to investors today, the company raised its price target from $145,000 and