The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
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Sign InCoinbase Global reported its second consecutive quarterly loss, posting an operating loss of $0.17 per share against analyst expectations of a $0.36 profit. The results were weighed down by a 30.5% decline in annual revenues, driven by slumping consumer transaction volumes and rising costs. In response, Needham lowered its price target for COIN to $220.00 while maintaining a Buy rating, whereas H.C. Wainwright analysts set a more optimistic target of $310.00. Despite the earnings miss, the company continues its strategic shift with USDC and subscription services now accounting for 44% of total revenue. Analysts suggest that long-term recovery remains contingent on U.S. crypto regulatory clarity and the success of revenue diversification efforts.