Coinbase price target lowered to $295 from $315 at H.C. Wainwright

H.C. Wainwright lowered the firm’s price target on Coinbase to $295 from $315 and keeps a Buy rating on the shares following the Q2 report. The company reported solid results despite industry-wide declines in global crypto trading volumes in the quarter following elevated levels of activity in Q1, the analyst tells investors in a research note. The firm says the recent shift in tone in data center for crypto has strengthened its bullish outlook for the stock and the industry.