Seven Wall Street institutions lowered their price targets on Coinbase after the company’s earnings release, according to Techub News, citing BeInCrypto. Coinbase’s chief financial officer said trading revenue was about $165 million as of Oct. 25, Eastern Time. Coinbase shares fell 6% in U.S. pre-market trading to $150.75 following the update. Among the disclosed revisions, Barclays cut its target to $120, Mizuho lowered its target to $145, and Wells Fargo and Jefferies each reduced their targets to $174. Mizuho also projected Coinbase’s trading revenue for the fourth quarter of 2026 at about $607 million, 11% below the pre-earnings market consensus of $684 million.
Seven Wall Street firms lowered their price targets on Coinbase after the company’s earnings release, according to Techub News, citing BeInCrypto.
Coinbase’s chief financial officer said trading revenue was about $165 million as of Oct. 25, Eastern Time. Coinbase shares fell 6% in U.S. pre-market trading to $150.75.
Among the disclosed target changes, Barclays cut its price target to $120, Mizuho lowered its target to $145, and Wells Fargo and Jefferies each reduced their targets to $174.
Mizuho said it expects Coinbase to post about $607 million in trading revenue in the fourth quarter of 2026, 11% below the pre-earnings market consensus of $684 million.
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