Analysts ‘Encouraged’ by Coinbase Layoffs as They Show Company Is Being Financially Disciplined

Coinbase Cuts Q3 Losses in Half, Sees Crypto Headwinds Continuing Into 2023

Meanwhile, asset manager Needham, which expects COIN to trade at $73 by the end of the year and kept the stock at a buy rating, wrote in a note Tuesday that the company’s headcount reductions are a “necessary step” given the uncertain volume picture this year, but said investors should remain cautious about the continuing fallout from FTX’s collapse.

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