Monness Crespi downgrades Coinbase rating to sell

U.S. stock research firm Monness Crespi has downgraded its investment rating on Coinbase (COIN) by two notches from buy to sell, citing weakness in the crypto market, Walter Bloomberg reported. The firm also lowered its forecasts for revenue, EBITDA, and EPS, predicting the market downturn will continue until 2027. Monness explained that while Coinbase's long-term prospects in stablecoins and asset tokenization appear optimistic, the company is expected to face short-term difficulties. The research firm noted that although the stock has already fallen 50% since the end of 2025, further declines are anticipated.