Here's Why Coinbase Global Stock Went Down Today

Here's Why Coinbase Global Stock Went Down Today

Shares of Coinbase Global (NASDAQ: COIN) have been hammered because of ongoing volatility in the cryptocurrency market. As of 1:45 p.m. ET, shares of Coinbase were down 2% but had been down almost 8% earlier in the session. According to The Fly, Mizuho analyst Dan Dolev lowered the price target for Coinbase stock from $300 per share to $220 per share -- a meaningful 27% decrease.