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COIN Price Prediction: Morgan Stanley Cuts to $120 as Futures Contract Trades Under Every Moving Average

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COIN Price Prediction: Morgan Stanley Cuts to $120 as Futures Contract Trades Under Every Moving Average

The Binance futures contract on Coinbase Global (NASDAQ: COIN) was priced at $138.44 as of the supplied observation, down 3.26% over 24 hours, after Morgan Stanley downgraded the underlying NASDAQ-...

Market analysis includes conditional scenarios, not assured price outcomes or investment advice. Check the data, assumptions and dates cited.

On November 2, 2026, Morgan Stanley analyst Michael Cyprys downgraded Coinbase Global (NASDAQ: COIN) from Equal Weight to Underweight and reduced the firm's price target on the underlying equity from $258 to $120. The stated rationale cited weaker trading trends and a softer revenue outlook. Cyprys wrote in the research note: "The revised outlook is therefore a less pronounced recovery rather than a return to prior-cycle earnings." That framing marks a structural revision to earnings expectations rather than a routine valuation trim.

A clarification on instruments is necessary before proceeding. The analyst targets cited throughout this article apply to Coinbase Global's NASDAQ-listed equity. The Binance futures contract tracking COIN is a distinct instrument, currently quoted at $138.44, and the two should not be treated as equivalent in price, structure, or applicable time horizon.

Two earlier analyst actions on the underlying equity arrived on October 30, 2026. Mizuho lowered its price target from $155 to $145 while maintaining a Neutral rating, per a dated MarketBeat report citing Benzinga. Canaccord Genuity trimmed its target from $300 to $275 while holding a Buy rating, per the same MarketBeat report dated November 2, which attributes the Canaccord note to October 30. The three-firm range now runs from $120 to $275 — a gap of $155.


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