Coinbase Stock Plunges 3.32% After Wells Fargo Sets $200 Price Target

Coinbase stock fell 3.32 percent on October 2, 2026, to $183.00 on Nasdaq after Wells Fargo began coverage with an Equal Weight rating and a $200 price target on October 3, 2026.

The $200 target is $17.00 above the October 2 price, a potential 9.3 percent increase based on the closing level.

Coinbase reported $1.22 billion in Q2 2026 revenue, but EPS was $-1.36, missing the consensus EPS estimate of $-0.44 by $0.92.

The company's Q2 revenue declined 18.5 percent year over year, while it recorded a $359.5 million net loss.