Crypto
Coinbase Stock Rockets on Earnings Hopes
Coinbase stock rose sharply on Thursday, gaining 5.1% in morning trading to reach $166.42.
The surge is attributed to a combination of factors, including investor anticipation of the company's Q2 2026 earnings release on July 30, which analysts forecast will show around $0.31 in earnings per share.
This represents a significant improvement from the year-ago period, when Coinbase posted a loss of $1.49 per share on revenue of $1.41 billion.
The company's stock has spent much of 2026 near its 52-week low of $139.18, but analysts see the setup heading into Thursday's print as asymmetrically favorable.