Coinbase Stock Stabilizes at $164 Ahead of Q2 Earnings Release

Coinbase stock price has stabilized at around $164 after falling below $140 in late June, but buyers have yet to establish a clear upward trend.

The company will release its Q2 earnings on July 30, and analysts expect revenue of approximately $1.31 billion, down 12.8% from the same period last year.

Rosenblatt has maintained its Buy rating and $240 price target for Coinbase stock, citing growth in newer business lines such as derivatives and prediction markets.

The average directional index (ADX) reading of 10.22 indicates weak momentum before the earnings release, but a close above $165.90 could be an initial sign of improving short-term momentum.