Monitors display Coinbase signage during the company's initial public offering (IPO) at the Nasdaq market site Shares of $Coinbase Global, Inc.(COIN)$ , the largest cryptocurrency exchange in the U.S., plunged more than 20% on Wednesday morning to approximately $56 after the companyreportedits first quarterly loss amidst declines in revenue and trading volume. TRADINGVIEW Several investment firms cut their price target on Coinbase’s stock this morning but maintained their ‘buy’ ratings and expressed confidence in the company’s long-term success. “While COIN’s weaker-than-expected 1Q22 report reflects a challenging crypto market, fears driving stock price decline appear greatly overblown in light of liquidity and long-term growth prospects,” wrot
Has the turning point of Apple's stock price arrived?
Apple announced financial results for its fiscal 2021 third quarter on July 27.Note that Apple's 2020 fiscal year ended in Sept. 26, 2020. Its current earnings report is thus for its fiscal third quarter, which coincides with the second quarter of the calendar year.Apple's services revenue rose 32.9% YOY, marking the fastest pace of growth since Q3 FY 2018. The company's services include the its digital content stores and streaming services, such as its various App Store platforms, Apple Music,