On July 22, Coinbase Global, Inc. fell 5.14% in regular trading, trading at $166.81/share, with turnover of $741 million.

On the news front, prediction market platform Kalshi showed traders broadly expect Coinbase Q2 total trading volume to fall below $160 billion, missing analyst consensus estimates of $168.5 billion. The company is scheduled to report earnings on July 30. Meanwhile, Raymond James initiated coverage with a Market Perform rating, Barclays cut its target price to $99 maintaining an Underweight rating, and Deutsche Bank lowered its target from $208 to $201. Additionally, JPMorgan recently cut its target to $196, Bank of America to $203, Oppenheimer to $209, and Piper Sandler to $155.

Bitcoin prices have fallen nearly 50% since their October peak, with Coinbase stock declining over 55% in tandem. Trading volumes have dropped for two consecutive quarters, and prediction market data suggests a third consecutive quarterly decline is likely, with total volume potentially falling below $200 billion for the first time since Q3 of the prior year.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)