Microstrategy (MSTR), other Bitcoin stocks slump

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Coinbase (COIN) stock: consensus 'too optimistic' says Mizuho, expects an earnings miss

July 9, 2024 9:11 AM EDT

Mizuho analysts are casting doubt on Coinbase's (NASDAQ: COIN) consensus earnings expectation, predicting a 10% miss.

Their note assessed factors leading to their bearish outlook. "We believe consensus is overly optimistic in extrapolating strong March trends," states Mizuho.

They point to a decline in... More