Coinbase Shares Surge 16% on Seven Buy Upgrades Despite Lower Targets
Coinbase jumped 16.46 percent to settle at $164.32 after seven firms upgraded to buy despite lowering price targets to $230–$350. Full-year net income fell 50 percent to $1.277 billion on 9.4 percent revenue growth to $7.18 billion, while Q4 swung to a $666.7 million net loss on 21 percent lower revenues of $1.78 billion.
1. Share Price Rally
Coinbase snapped a three-day losing streak with a 16.46 percent jump, closing at $164.32 per share. The move reflects renewed investor confidence driven by a wave of buy recommendations despite tempered price targets.
2. Analyst Recommendations
Seven firms—Benchmark, Rosenblatt, Needham, BTIG, Goldman Sachs, Canaccord and HC Wainwright—issued buy ratings while cutting targets to $230–$350, implying 40–113 percent upside. JPMorgan added an overweight view at $252, whereas Piper Sandler, Baird, Barclays, Jefferies and Monness Crespi offered neutral to sell opinions with targets as low as $120.
3. Financial Performance
Full-year net income declined 50 percent to $1.277 billion as revenues rose 9.4 percent to $7.18 billion. In Q4, Coinbase swung to a $666.7 million net loss from a $1.29 billion profit, with revenues down 21 percent to $1.78 billion.