H.C. Wainwright Reiterates Buy Rating on Coinbase (COIN)

H.C. Wainwright analyst Mike Colonnese reiterated a Buy rating and $265.00 price target on Coinbase (NASDAQ: COIN).

The analyst commented: "As we predicted heading into last night’s print, Coinbase reported a top and bottom line miss for 2Q26 amid another challenging quarter for crypto trading activity and digital asset prices, while management’s Subscription and Services revenue guide for 3Q came in ~15% below Street estimates. Underwhelming 2Q results combined with a weak 3Q26 revenue outlook are weighing on shares post market (the stock is down ~5% at time of publication). While key revenue drivers remain subdued amid an extended bear market for crypto, it appears to us that digital asset prices and trading volumes could be nearing trough levels for this cycle, based on our analysis of onchain data, but the market has been deprived of a catalyst (or set of catalysts) capable of shifting investor sentiment to positive from current depressed levels. This could change next week when we expect the Senate to put the CLARITY Act (crypto market structure legislation) to a full floor vote before lawmakers enter August recess next Friday (8/7). Reiterate Buy."

For an analyst ratings summary and ratings history on Coinbase click here. For more ratings news on Coinbase click here.

Shares of Coinbase closed at $163.58 yesterday.

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