Coinbase Just Posted a $719 Million Profit. Why Did Barclays Cut Its Target to $120?

Impact · against what's priced in

Coinbase faces negative pressure as the reported profit was almost entirely driven by unrealized gains, masking a severe decline in core operating income and overall revenue. While diversification into derivatives and stablecoins shows progress, it is not yet sufficient to offset the trend of deteriorating core business profitability that analysts are now pricing in.

COIN−0.60

Challenges what's priced in

The price assumes