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Benzinga
Benzinga
Business
Wayne Duggan

Why Goldman Sachs Has Upgraded Robinhood, Downgraded Coinbase

Goldman Sachs Robinhood Coinbase HOOD Will Nance Crypto Coinbase Global Inc Robinhood Markets, Inc. SEC

As the 2022 crypto winter carries into the second half of the year, one major Wall Street firm has adjusted its coverage of popular crypto platforms Robinhood Markets Inc (NASDAQ:HOOD) and Coinbase Global Inc (NASDAQ:COIN).

The Analyst: Goldman Sachs analyst Will Nance has downgraded Coinbase from Neutral to Sell and cut his price target from $70 to $45. Nance also upgraded Robinhood from Sell to Neutral and cut his price target from $11.50 to $9.50.

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