Mizuho sees 30% downside risk for Coinbase as Robinhood gains more market share
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As HOOD gains more share in the crypto space, analysts at Mizuho see it helping to pressure Coinbase (NASDAQ: ) shares, with the firm maintaining an Underperform rating and $145 price target on the stock in a note Friday.
The firm notes that after analyzing 1Q volume data points, Coinbase lost retail market share to Robinhood (NASDAQ: ) in the first quarter.
"Our analysis…
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