Coinbase (COIN) PT Lowered to $174 at Jefferies

Jefferies analyst Daniel Fannon lowered the price target on Coinbase (NASDAQ: COIN) to $174.00 (from $183.00) while maintaining a Hold rating.

The analyst comments "COIN reported 3Q26 EPS of $2.51 (vs JEFe $0.04/Cons $0.43) and adj EBITDA of $333M (+$47M vs Cons). Revenues were generally in line with expectation, but the much lower adj opex (-$98M) was the driver of the Adj. EBITDA beat. 4Q S&S guidance of $550-630M implies $590M at the midpoint (vs Cons of $520M), while txn revs were ~$165M QTD through 10/25. 4Q adj exp guidance was $1,007-1,157M which compares with current cons of $1,052M."

You May Also Be Interested In

• Aecon Group (ARE:CN) (AEGXF) PT Raised to Cdn$65 at Raymond James
• Genmab A/S (GMAB) PT Raised to $70 at H.C. Wainwright
• H.C. Wainwright Reiterates Buy Rating on Coinbase (COIN)