Coinbase Shares Drop Amid Cryptocurrency Pullback
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 04 2026
0mins
Should l Buy COIN?
Source: Benzinga
- Stock Price Decline: Coinbase shares are down 7.22% to $166.70 due to a pullback in major cryptocurrencies, trading 26.3% below its 20-day simple moving average, indicating significant weakness in market sentiment.
- Earnings Outlook Deterioration: The upcoming earnings report is expected to show EPS dropping to $1.07 from $3.39 year-over-year, with revenue estimates falling from $2.27 billion to $1.86 billion, reflecting a pessimistic outlook on future growth.
- Technical Indicator Analysis: The current RSI stands at 21.04, indicating an oversold condition; however, the MACD remains below its signal line, suggesting continued bearish pressure on the stock, warranting caution from investors.
- Analyst Rating Adjustments: While the overall consensus remains a “Buy,” several analysts have lowered their price targets, with Piper Sandler reducing it to $270.00, indicating a cautious stance on Coinbase's future performance.
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Analyst Views on COIN
Wall Street analysts forecast COIN stock price to rise
25 Analyst Rating
17 Buy
7 Hold
1 Sell
Moderate Buy
Current: 164.050
Low
230.00
Averages
361.63
High
440.00
Current: 164.050
Low
230.00
Averages
361.63
High
440.00
About COIN
Coinbase Global, Inc. is a holding company of Coinbase, Inc. and other subsidiaries. The Company provides a platform that serves as a compliant on-ramp to the onchain economy and enables users to engage in a variety of activities with their crypto assets in both proprietary and third-party product experiences enabled by access to decentralized applications. It offers consumers their primary financial account for the cryptoeconomy; institutions a full-service prime brokerage platform with access to deep pools of liquidity across the crypto marketplace, and developers a suite of products granting access to build onchain. Its platform helps people and institutions to engage with crypto assets, including trading, staking, safekeeping, spending, and global transfers. It offers products and services to various customer groups: individuals, businesses, institutions, and developers. Its transaction products consist of consumer trading, prime Trading, markets, base protocol and Coinbase wallet.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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