ATLAS News · Markets

Morgan Stanley Cuts Coinbase to Underweight, Trims 2027 Revenue Forecast

Published November 6, 2026 · 6 sources

Morgan Stanley downgraded Coinbase to Underweight and cut its 2027 revenue forecast by 28%, Bloomberg and bloomingbit report, citing a less certain earnings recovery.

What happened

Morgan Stanley has downgraded Coinbase Global to Underweight, according to Bloomberg and bloomingbit. Bloomberg's report describes the bank as saying a recovery in the exchange's earnings is less certain.

Bloomberg.com and bloomingbit published their reports on 6 November 2026. Bloomingbit adds that the bank also reduced its 2027 revenue forecast for Coinbase by 28%.

Other outlets reported separate Morgan Stanley rating moves on the same day, including Glanbia and Equinor, which are not part of this story.

Context

Brokerage rating changes such as a move to Underweight reflect an analyst's relative view of a stock and are one of several inputs investors watch.

Why it matters

Changes to analyst ratings and revenue forecasts from a large bank can shape how the market views a company's earnings outlook.

Stocks in this story

Price changes are shown for the trading day of the story and are a coincidence in time, not proof that the news caused them. Figures are ATLAS data from our database.

Morgan StanleyMS

+0.44%

Financial Services · NYSE

Latest price during the session: $183.24+0.44% vs. previous close ($182.44)
Fair value (ATLAS): $361.12Fair range: $325.01 to $397.24The price ($183.24) is 49.3% below that figure.
Chance of a rise in 1 month: 50%Probability of closing higher than today within 21 sessions.Normal range: half of the scenarios end between $172.32 and $195.03; 9 in 10, between $154.41 and $217.65.

See the full ATLAS analysis of Morgan Stanley →

Coinbase GlobalCOIN

−2.09%

Financial Services · NASDAQ

Latest price during the session: $133.96−2.09% vs. previous close ($136.82)
Chance of a rise in 1 month: 46%Probability of closing higher than today within 21 sessions.Normal range: half of the scenarios end between $114.02 and $150.75; 9 in 10, between $89.01 and $193.10.

See the full ATLAS analysis of Coinbase Global →

Closing prices, fair value and probabilities: ATLAS own data. How we calculate fair value.

Market indices

Latest close of the ETFs that track the main US indices (SPY, QQQ, DIA), from ATLAS data.

S&P 500 (SPY): 733.00 (−4.41%) · November 5

Nasdaq-100 (QQQ): 647.05 (−6.49%) · November 5

Dow Jones (DIA): 514.27 (−3.53%) · November 5

Sources

ATLAS writes its own summaries from the reporting of these outlets. Each link opens the original publisher.

Glanbia shares tumble 6% after Morgan Stanley cuts rating to underweight · Yahoo Finance UK · November 6, 2026
Coinbase Bear Morgan Stanley Says Earnings Recovery Less Certain · Bloomberg.com · November 6, 2026
Morgan Stanley Stock Outlook: Is Wall Street Bullish or Bearish? · Barchart.com · November 6, 2026
Morgan Stanley Cuts Coinbase to Underweight, Slashes 2027 Revenue Forecast 28% · bloomingbit · November 6, 2026
Equinor ASA (NYSE:EQNR) Downgraded by Morgan Stanley to Underweight · MarketBeat · November 6, 2026
Morgan Stanley Direct Lending Fund Q3 2026 Earnings Call Is Live · TradingView · November 6, 2026

Latest market news · Markets today on ATLAS · Morgan Stanley · Coinbase Global

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Information, not advice. This content is informational and is not an investment recommendation or an offer to buy or sell securities. ATLAS estimates come from statistical models using public data, can be wrong, and past performance does not guarantee future results. Disclaimer