Morgan Stanley turned bearish on Coinbase (COIN) on Monday and cut its price target on the stock by more than half. The bank also lowered its rating. Cointelegraph published the report on Nov 2, 2026, and described the selling in Coinbase stock after its earnings as getting worse.
The bank named two problems. Trading activity is slowing, and fallout from the Binance hack is making Coinbase's revenue outlook harder to read. Its warning is that Coinbase's profits could take longer to recover than expected.
The report does not give the old or new price target in dollars. It also does not say how far Coinbase shares have fallen since earnings or give any details of the Binance hack. Those points are still unknown from this source.
For someone already holding a perpetual position on Bitget, Bybit, MEXC or OKX, the answer is nothing directly. This is an analyst's view of one exchange's stock. The report says nothing about funding rates, trading fees or order-book liquidity on any of those four venues. The one link to crypto trading is the slowing activity the bank pointed to, and the report does not measure that for perpetual markets.
Source: cointelegraph — Coinbase hit with 50% price target cut as post-earnings rout deepens
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