Analysts are lowering their price targets for Coinbase Global Inc. as the cryptocurrency exchange prepares to release its quarterly earnings report. Several Wall Street firms have adjusted their outlooks, citing a combination of declining spot trading volumes and persistent regulatory headwinds. While Coinbase remains a dominant player in the U.S. market, the recent cooling of retail interest in crypto assets has raised concerns regarding transaction-based revenue. Investors are particularly focused on the company’s ability to diversify its income through subscription and services, which includes staking rewards and custodial fees from Bitcoin ETFs. As the earnings date approaches, the consensus reflects a more cautious stance on the stock’s short-term growth potential amid a shifting competitive landscape and ongoing legal battles with the SEC.
Source: Coinbase Price Projections Slashed By Analysts Ahead of Earnings
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