Rosenblatt Reaffirms Buy Rating on Coinbase Ahead of Earnings Report
Rosenblatt has reaffirmed its Buy rating on Coinbase stock ahead of the company's upcoming earnings report.
The firm maintains a price target of $240, which is based on 25 times Coinbase's estimated 2027 adjusted EBITDA. Rosenblatt believes that the company's expanding product offerings will drive growth and provide upside potential.
Investors are expecting a significant stock movement after the report, with US Tiger Securities adjusting its price target to $250 and Benchmark reiterating its Buy rating with a target of $270.
Raymond James has initiated coverage on Coinbase with a Market Perform rating and assigned a fair value estimate of $158. Meanwhile, Ireland's central bank has ordered a review of its enforcement activities following a past fine of €21.5 million imposed on Coinbase's Irish subsidiary.