According to BeInCrypto, seven Wall Street firms adjusted their stated price targets for Coinbase after the company released its Q3 earnings. The adjustment occurred following Coinbase’s Q4 trading revenue figures, which amounted to $165 million through October 25. All seven banks reduced their target prices; no banks increased theirs. The timing aligns with the recent public disclosure of Q3 earnings by Coinbase.
The changes reflect the firms’ updated valuation based on the disclosed trading revenue performance through the end of October. No additional details about the specific new targets, the firms involved beyond their count, or reasons for the adjustment are provided in the source. The update follows the earnings announcement and precedes any public comment from Coinbase on future guidance.
