Coinbase Stock Crashes 6% Pre-Earnings

Analysts Lower Coinbase Stock Targets Amid Market Challenges

• Bitcoin retreat and reduced stablecoin flows have led JPMorgan, Citi, and Cantor Fitzgerald to revise their outlook on Coinbase.
• JPMorgan decreased its year-end price target for Coinbase from $399 to $290 due to declining trading activity and competition from international platforms.
• Cantor Fitzgerald adjusted its forecast from $277 to $221, while Citi lowered its target from $505 to $400.
• Despite the revisions, all three firms maintained positive ratings on Coinbase shares.
• The exchange reported over $1 billion in transaction revenue in the third quarter of last year, exceeding earnings expectations with $1.44 per share versus a forecast of $1.09.

Coinbase’s stock targets have been reduced by major financial institutions due to market pressures, yet they continue to hold a positive outlook on the company. Analysts anticipate earnings per share of $1.05 for the fourth quarter of 2025.