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29 de sept. de 2025 If that was not enough, Wells Fargo, one of the biggest financial institutions in the world, has asked investors to sell Coinbase stock, while on CNBC. JUST IN: Wells 29 de sept. de 2025 Wells Fargo says Coinbase will face headwinds in its path to sustaining profitability. 29 de sept. de 2025 According to а CNBC report, Wells Fargo implied that the company would sell COIN shares and set a $57 price target. Its analyst, Jeff Cantwell, ranked Coinbase with an Underweight rating, arguing that downward pressure on the exchange is inevitable and that 29 de sept. de 2025 Coinbase shares traded at $61 shortly after the open on Thursday. Wells Fargo stated that shares of the exchange were likely to fall more due to fears about U.S. bank Wells Fargo said it would sell Coinbase stock due to increased competition and macro pressure, CNBC reported. 29 de sept. de 2025 One of the world's biggest financial holdings, Wells Fargo, stated that it would sell Coinbase shares due to increased competition and macro pressure on the market

Wells Fargo Urges Investors to Sell Coinbase (COIN) Stock: What\'s Happening?

Significant news has impacted the cryptocurrency market. Wells Fargo, one of the world\'s largest financial institutions, has reportedly advised investors to sell Coinbase (COIN) stock. This recommendation, highlighted on CNBC, sent ripples through the market. 29 de sept. de 2025 If that was not enough, Wells Fargo, one of the biggest financial institutions in the world, has asked investors to sell Coinbase stock, while on CNBC. JUST IN: Wells

Why the Sell Recommendation?

According to a CNBC report, Wells Fargo initiated this recommendation, implying the company itself would sell COIN shares. The firm set a price target of $57 for the stock. 29 de sept. de 2025 According to а CNBC report, Wells Fargo implied that the company would sell COIN shares and set a $57 price target. Its analyst, Jeff Cantwell, ranked Coinbase with an Underweight rating, arguing that downward pressure on the exchange is inevitable and that This "Underweight" rating from Wells Fargo analyst Jeff Cantwell suggests significant concerns about Coinbase\'s future performance.

Headwinds Facing Coinbase: Profitability Concerns

A key reason for the negative outlook is the belief that Coinbase will face considerable headwinds in sustaining profitability. 29 de sept. de 2025 Wells Fargo says Coinbase will face headwinds in its path to sustaining profitability. These challenges are attributed to factors like increased competition and macroeconomic pressures on the crypto market.

Increased Competition and Macroeconomic Pressure

Wells Fargo cited increased competition and broader macroeconomic pressure as significant drivers behind their decision to recommend selling Coinbase stock. U.S. bank Wells Fargo said it would sell Coinbase stock due to increased competition and macro pressure, CNBC reported. 29 de sept. de 2025 One of the world\'s biggest financial holdings, Wells Fargo, stated that it would sell Coinbase shares due to increased competition and macro pressure on the market. The evolving landscape of cryptocurrency exchanges and the prevailing economic climate contribute to the perceived risk associated with COIN shares.

Market Reaction and Stock Performance

Following the report, Coinbase shares experienced notable fluctuations. 29 de sept. de 2025 Coinbase shares traded at $61 shortly after the open on Thursday. Wells Fargo stated that shares of the exchange were likely to fall more due to fears about U.S. bank This demonstrates the market\'s sensitivity to opinions from major financial institutions like Wells Fargo. As of 29 de sept. de 2025, investors should closely monitor the situation, considering their own risk tolerance and investment strategies.

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