Coinbase shares rose 12% despite Q4 earnings missing expectations, sparking mixed analyst reactions. Revenue and operating profit fell short, with a net loss driven by crypto investment losses. Barclays cited weak transaction revenue and higher expenses, lowering its price target. However, analysts acknowledged positive trends like growing USDC market share and a rising Coinbase One subscriber base. Benchmark emphasized Coinbase’s diversification through derivatives and stablecoin adoption. Despite consumer monetization pressures, analysts see longer-term potential in Coinbase’s growing business lines and commitment to adjusted EBITDA positivity. The company continues stock buybacks and Bitcoin accumulation.
Wall Street analysts slash Coinbase (COIN) price targets after Q4 miss — but shares still rally
