Morgan Stanley Cautious on Coinbase | Durham News

Morgan Stanley gives Coinbase an “Equal-weight” rating with a $250 price target — a bullish number but with cautious language, hinting at potential upside without a full buy signal. The analyst’s long-term outlook stretches to 2028, projecting a wide range from $50 to $400, heavily tied to crypto trading volume, which still drives nearly 40% of Coinbase’s revenue. While Coinbase pushes its “Everything Exchange” strategy to diversify into stocks and prediction markets — similar to Robinhood’s recent success — Morgan Stanley remains skeptical, questioning whether new products can offset lower fees and whether regulatory shifts will bring more competition or opportunity. Meanwhile, short interest in Coinbase is rising while Robinhood’s stock climbs, signaling Wall Street is treating these firms as separate plays. The real test? Coinbase’s Q3 earnings, which could reveal if its diversification gamble is working.

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This is an automated, high-level news summary based on public reporting.
Sources:
https://www.heraldsun.com/news/business/article317227348.html#storylink=partnerdigest_the

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