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