Wall Street analysts are turning against
as regulatory and revenue headaches pile up for the cryptocurrency broker. Investors may also want to take a second look, given that the shares have almost doubled in 2023.
Shares are up 97% since the start of January after falling 86% in 2022. The stock has benefited from gains in the price of
and greater willingness among investors to take risks, but the same pressures that sent Coinbase stock plunging last year remain.