
Coinbase Global Inc. has announced the launch of a new institutional fund designed to offer a regular yield on customers' Bitcoin holdings. This move aims to provide investors with a yield-generating product tied to Bitcoin, expanding Coinbase's offerings in the cryptocurrency market. Meanwhile, Coinbase's stock (ticker: COIN) was downgraded from Buy to Sell by Compass Point, with a price target set at $180. The downgrade comes amid cautious sentiment among analysts ahead of Coinbase's first-quarter earnings report. Separately, Loop Capital has lowered the price target for Meta Platforms Inc. (ticker: META) to $695 from $900, maintaining a Buy rating due to concerns over falling advertising prices and softer consumer demand ahead of its Q1 results.
Ações da Coinbase são rebaixadas com analistas cautelosos antes dos resultados do 1T https://t.co/hUJUMIDb4D
Just in: Loop Capital lowers Meta Platforms $META price target to $695 from $900, maintaining a Buy rating. Ahead of Q1 results, the firm cites falling ad prices and softer consumer demand as key concerns.
[BLOOMBERG] Coinbase to Launch Institutional Fund Offering Yield on Bitcoin $COIN $BTC

