Rating Change
Morgan Stanley analysts downgraded Coinbase Global, Inc. (NASDAQ:COIN) from Equal-Weight to Underweight on November 02, 2026.
downgradeNASDAQ:COIN
Coinbase Global, Inc. (COIN) Downgraded to Underweight by Morgan Stanley
Morgan Stanley analysts downgraded Coinbase Global, Inc. (NASDAQ:COIN) from Equal-Weight to Underweight on November 02, 2026.
At publication ·
What changed
Coinbase Global, Inc. (NASDAQ:COIN) · downgrade
- Firm
- Morgan Stanley
- Rating
- Equal-Weight to Underweight
- Price at event
- $137.83
- Market capitalization
- $68.8B
At a glance
Key takeaways
- Morgan Stanley downgraded Coinbase Global (COIN) from Equal-Weight to Underweight on November 2, 2026.
- COIN stock trades at $137.83 with a $68.8 billion market cap and has declined 44% over the past 52 weeks.
- Among the 10 most recent analyst ratings, 7 are Buy, 1 is Hold, and 2 are Sell, showing mixed consensus.
- Analyst downgrades can pressure stocks short-term but may create buying opportunities if markets overreact.
Market Context
Coinbase Global, Inc. operates in the Financial Services sector. The stock currently trades at $137.83 with a market capitalization of $68.8B. The stock has declined 44.0% over the past 52 weeks.
Analyst downgrades can weigh on a stock in the short term as institutional investors who follow Morgan Stanley's research adjust their positions. However, downgrades also sometimes create buying opportunities if the market overreacts to the rating change. The reasoning behind the downgrade matters more than the rating itself.
Analyst ratings and price targets are one input among many for investment decisions. Historical studies show that consensus analyst recommendations have mixed predictive power on their own, but significant changes in consensus — such as multiple upgrades or downgrades in a short period — can be more meaningful signals.
Recent Analyst Activity for Coinbase Global, Inc.
Among the 10 most recent ratings: 7 Buy, 1 Hold, 2 Sell.
| Date | Firm | Rating | Price Target |
|---|---|---|---|
| Nov 02, 2026 | Cantor Fitzgerald | Overweight | N/A |
| Nov 02, 2026 | Morgan Stanley | Underweight | N/A |
| Oct 30, 2026 | Barclays | Underweight | N/A |
| Oct 30, 2026 | Mizuho | Neutral | N/A |
| Oct 30, 2026 | Needham | Buy | N/A |
Related Tools: Analyst Ratings Dashboard | View COIN Stock Page
Frequently Asked Questions
What does the Underweight rating mean for COIN?
A rating of Underweight from Morgan Stanley reflects the analyst's outlook on Coinbase Global, Inc. (NASDAQ:COIN). Analyst ratings are one factor investors consider alongside earnings, valuation, and sector trends.
Where can I find more analyst ratings?
Browse recent upgrades and downgrades on our Analyst Ratings Dashboard or the COIN forecast page.
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