Coinbase Analysts Cut Their Forecasts After Weak Q2 Results

Benzinga Earnings

Jul 31

Coinbase Global (NASDAQ:COIN) on Thursday reported downbeat second-quarter financial results.

Coinbase reported total revenue of $1.22 billion in the second quarter, down roughly 19% year-over-year. The total missed a Street consensus estimate of $1.32 billion, according to data from Benzinga Pro. The company reported a loss of 40 cents per share, missing a Street estimate of a loss of 11 cents per share.

“In Q2 we hit our 3rd consecutive all-time high in crypto trading volume market share, proving our Everything Exchange can deliver in all market conditions,” said Brian Armstrong, Co-Founder and CEO. “Coinbase is no longer a bet just on the price of Bitcoin. All of financial services are getting updated by crypto, whether that’s trading or payments or lending, and Coinbase is the best-positioned company in the world to power this.”

Coinbase shares dipped 5.6% to $154.42 in pre-market trading.

These analysts made changes to their price targets on Coinbase following earnings announcement.

BTIG analyst Andrew Harte maintained the stock with a Buy and lowered the price target from $260 to $240.
Needham analyst John Todaro maintained the stock with a Buy and cut the price target from $220 to $177.
HC Wainwright & Co. analyst Mike Colonnese reiterated the stock with a Buy and maintained a $265 price target.

Considering buying COIN stock? Here’s what analysts think:

Photo via Shutterstock

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The total missed a Street consensus estimate of $1.32 billion, according to data from Benzinga Pro. The company reported a loss of 40 cents per share, missing a Street estimate of a loss of 11 cents per share.</p>\n<p>“In Q2 we hit our 3rd consecutive all-time high in crypto trading volume market share, proving our Everything Exchange can deliver in all market conditions,” said Brian Armstrong, Co-Founder and CEO. “Coinbase is no longer a bet just on the price of Bitcoin. All of financial services are getting updated by crypto, whether that’s trading or payments or lending, and Coinbase is the best-positioned company in the world to power this.”</p>\n<p>Coinbase shares dipped 5.6% to $154.42 in pre-market trading.</p>\n<p>These analysts made changes to their price targets on Coinbase following earnings announcement.</p>\n<ul>\n<li>BTIG analyst Andrew Harte maintained the stock with a Buy and lowered the price target from $260 to $240.</li>\n<li>Needham analyst John Todaro maintained the stock with a Buy and cut the price target from $220 to $177.</li>\n<li>HC Wainwright &amp; Co. analyst Mike Colonnese reiterated the stock with a Buy and maintained a $265 price target.</li>\n</ul>\n<p><strong>Considering buying COIN stock? Here’s what analysts think:</strong></p>\n<figure><img decoding=\"async\" height=\"286\" loading=\"lazy\" sizes=\"(max-width: 1024px) 100vw, 1024px\" src=\"https://editorial-assets.benzinga.com/wp-content/uploads/2026/07/31064753/image-934-1024x286.png\" srcset=\"https://editorial-assets.benzinga.com/wp-content/uploads/2026/07/31064753/image-934-1024x286.png 1024w, https://editorial-assets.benzinga.com/wp-content/uploads/2026/07/31064753/image-934-300x84.png 300w, https://editorial-assets.benzinga.com/wp-content/uploads/2026/07/31064753/image-934-768x214.png 768w, https://editorial-assets.benzinga.com/wp-content/uploads/2026/07/31064753/image-934.png 1187w\" width=\"1024\"/></figure>\n<p><em>Photo via Shutterstock</em></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4596","symbol_name":"哈里斯概念","start_time":0,"source_url":"https://www.benzinga.com/analyst-stock-ratings/price-target/26/07/60831792/coinbase-analysts-cut-their-forecasts-after-weak-q2-results","article_id":"2655350479","we_media_id":"1052270027","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2655350479","pubTimestamp":1785494941,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Benzinga Earnings","introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"summary":"Coinbase (COIN) reported Q2 financial results, with a 19% year-over-year decrease in revenue. 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The total missed a Street consensus estimate of $1.32 billion, according to data from Benzinga Pro. The company reported a loss of 40 cents per share, missing a Street estimate of a loss of 11 cents per share.\n“In Q2 we hit our 3rd consecutive all-time high in crypto trading volume market share, proving our Everything Exchange can deliver in all market conditions,” said Brian Armstrong, Co-Founder and CEO. “Coinbase is no longer a bet just on the price of Bitcoin. All of financial services are getting updated by crypto, whether that’s trading or payments or lending, and Coinbase is the best-positioned company in the world to power this.”\nCoinbase shares dipped 5.6% to $154.42 in pre-market trading.\nThese analysts made changes to their price targets on Coinbase following earnings announcement.\n\nBTIG analyst Andrew Harte maintained the stock with a Buy and lowered the price target from $260 to $240.\nNeedham analyst John Todaro maintained the stock with a Buy and cut the price target from $220 to $177.\nHC Wainwright & Co. analyst Mike Colonnese reiterated the stock with a Buy and maintained a $265 price target.\n\nConsidering buying COIN stock? Here’s what analysts think:\n\nPhoto via Shutterstock","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"0","news_tag":"express","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}