Coinbase Stock Tumbles on JPMorgan Downgrade, Job Cuts As Bitcoin Plummets

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By Martin Baccardax JPMorgan analyst Kenneth Worthington warmed pf “more downside to the shares should cryptocurrency markets not stabilize” as he slashed his price target on the group to $68 a share. Updated at 8:23 am EST COINBASE Global (COIN) – Get Coinbase Global Inc Report shares slumped lower Tuesday after analysts at JPMorgan slashed their price target on the digital currency trading platform amid a trillion meltdown in global cryptocurrency markets. Shares were further pressured by news that the group will cull around 18% of its workforce, a level that would eliminate around 1,100 job…

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