Another analyst cuts Coinbase price target ahead of earnings

Just days aft JPMorgan's terms revision for Coinbase (NASDAQ: COIN), different equity expert has lowered the largest American crypto exchange's terms target.

This comes close up of its earnings, which volition beryllium announced aft marketplace adjacent connected Feb. 12.

H.C. Wainwright expert Mike Colonnese warned of a imaginable gross and adjusted EBITDA shortfall tied to weaker crypto markets.

Related: Cathie Wood buys crypto stocks aggressively arsenic Bitcoin crashes

Colonnese expects the crypto speech to study a miss connected some nett gross and adjusted EBITDA, citing brushed integer plus prices and subdued trading volumes passim the quarter.

According to Colonnese's note, the crypto speech whitethorn station an "unusually ample header EPS [earnings per share] loss." This would beryllium mostly due to the fact that of unrealized crypto losses and its stake in Circle (NASDAQ: CRCL), which reportedly fell astir 40% quarter-over-quarter.

Subscription and Services gross guidance for the archetypal 4th of 2026 could travel successful beneath statement expectations owed to continued weakness successful integer plus prices and declining USDC marketplace capitalization.

H.C. Wainwright has currently estimated it astatine $756 million.

Colonnese besides warned of imaginable near-term stock unit close aft earnings.

"We would not beryllium amazed to spot shares commercialized little connected the optics of a ample reported nett loss, particularly fixed ongoing anemic capitalist sentiment for crypto," the enactment read.

• Coinbase CEO slips from apical 500 richest database arsenic net loom

• Largest U.S. crypto speech announces enactment for Trump Accounts

• Treasury Secretary Bessent warns Coinbase is blocking large legislation

Meanwhile, Coinbase CEO Brian Armstrong has been selling his crypto stocks.

VanEck’s Matthew Sigel said Armstrong has sold astir $545.7 cardinal worthy of institution banal implicit the past 9 months, arsenic reported by Decrypt.

Sigel, who leads integer assets probe astatine the plus manager, shared Bloomberg pricing information showing Armstrong sold much than 1.5 cardinal shares betwixt April 2025 and January 2026.

The largest single-day merchantability took spot connected June 25, 2025, erstwhile Armstrong sold 336,265 shares astatine $355.37 each. The astir caller transaction occurred connected Jan. 5, erstwhile helium sold 40,000 shares astatine $254.92 apiece, according to Sigel.

As the study began circulating, Armstrong responded connected X,

"It would beryllium a small brainsick aft 13 years, to person 99.999% of your nett worthy successful 1 banal no? So determination is lone 1 absorption to go. I inactive person immense bulk of my nett worthy successful Coinbase banal though, truthful I'm ace long."