Coinbase Stock Plunges on Downgrade Ahead of Q4 Earnings Report

Coinbase's stock has taken a hit ahead of its key Q4 earnings report on Thursday. The COIN shares were down over 8% following a downgrade from Monness Crespi analyst, who cut estimates for Coinbase's Q4 earnings.

The analyst downgraded the stock to 'Sell' from 'Buy', citing a 'foolish' assumption of a steady recovery in calendar 2026. The typical length and magnitude of crypto bear markets have led the firm to model softness through the first half of this year.

Wall Street analysts expect Coinbase to report revenue of $1.83 billion, which is lower than its Q4 2024 earnings. Profit expectations are also down, with a predicted $1.01 per share, a 78% decrease from the previous quarter.