Coinbase Q2 Revenue Seen 5-6% Below Estimates, Trading Volume Down 15-20%
COIN is trading near its 52-week low of $139.36 (8.8% above the low).
Summary
Baird projects Coinbase's Q2 revenue to be 5-6% below estimates, with trading volume expected to decline 15-20% sequentially. This outlook is attributed to unusually slow trading activity in April and May, with early June volume linked to Bitcoin selling rather than new user engagement. The firm has consequently lowered its price target for COIN from $160 to $142. This follows the significant net loss and revenue decline reported in Q1 2026, indicating continued pressure on the company's core trading fee income due to weak crypto markets and increased competition.
At the time of this announcement, COIN was trading at $151.56 on NASDAQ in the Crypto Assets sector, with a market capitalization of approximately $40.2B. The 52-week trading range was $139.36 to $444.65. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Wiseek News.