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Goldman Sachs changes Coinbase’s rating from neutral to sell

  • The general crypto market downturn and Coinbase’s share price drop may be the reason for Goldman’s new stance.
  • According to the bank’s report, Coinbase has limited valuation support.

A Goldman Sachs report released on Monday has changed Coinbase’s rating to sell from a neutral. The report also cut the exchange’s share price target from $70 to $45. The lowered valuation resulted
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