Coinbase Announces Date of Second Quarter 2024 Financial Results

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Street forecasts on Coinbase stock are 'too bullish': Needham

July 19, 2024 11:54 AM EDT

Needham & Company analysts have expressed caution about the overly optimistic projections surrounding Coinbase (NASDAQ: COIN), suggesting that recent street forecasts for the company are "too bullish."

Despite a strong Q1 performance, Needham sees a challenging backdrop for the remainder of the year, leading them to adjust their forecasts accordingly.

According to Needham, "Street forecasts became too bullish following a strong Q1, and now miss the... More