William Blair expects Coinbase's earnings to bottom in the second half of 2026, with a potential rebound anticipated next year. While Citigroup reduced its price target from $400 to $235, Benchmark reaffirmed its Buy rating for the stock. Meanwhile, the company is expanding its platform into Canada despite a 25% year-to-date decline in stock price and a current market capitalization of $45.54 billion.
Citigroup lowered its Coinbase price target from $400 to $235, citing regulatory hurdles and declining trading volumes for the crypto exchange.
Read the full storyAmid shifting dynamics in crypto trading activity, Benchmark has lowered its Q2 earnings estimates for Coinbase, citing weak spot trading volumes as a primary headwind.
The investment firm expects the crypto exchange's earnings to hit a floor in H2 2026 before a potential rebound as market conditions improve.