Scathing Allegations Should Make Investors Nervous About Coinbase Global
StockNews
Published Jul 26, 2021 11:39AM ET
Updated Jul 26, 2021 01:00PM ET
Scathing Allegations Should Make Investors Nervous About Coinbase Global
Cathie Wood might like Coinbase (COIN) stock, but informed investors should be cautious as a class-action lawsuit pokes holes in Coinbase's reputation.I'm flip-flopping today - there's no point in denying it. Not too long ago, I was bullish on Coinbase Global COIN> and even hinted at high price targets for COIN stock, like $444 and even $600.
My enthusiasm was fueled by some Wall Street analysts' optimism on Coinbase. I was probably influenced by my passion for Bitcoin BTC-USD>, as well.
However, informed investors must be willing to adjust their stances and strategies when circumstances change. After all, flexibility is the key to long-term success in the markets.
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