Analyst Ratings

Coinbase logo on a laptop computer (Piggybank/Unsplash)
Coinbase to Face ‘Reality Check’ as Retail FOMO Is Fading, Mizuho Says
In a break with historical norms, the exchange’s volumes continue to fall even as the bitcoin price has risen, suggesting disengagement by retail customers, the report said.
Coinbase logo on a laptop computer (Piggybank/Unsplash)

Coinbase CEO Brian Armstrong (CoinDesk)
Coinbase Bears Doubt Stock Can Rise Even After Exchange Beats Estimates
It’s hard to see a favorable valuation argument for the stock given the company’s revenue is tethered to an asset class that has yet to show a sustainable everyday utility value, Goldman Sachs said.
Coinbase CEO Brian Armstrong (CoinDesk)

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Coinbase Cut to Underweight Ahead of Earnings by Barclays
The bank said it sees few positive drivers for the crypto exchange’s share price in the near term.
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Coinbase Chief Legal Officer Paul Grewal (CoinDesk)
Investor Enthusiasm for Coinbase Shares May Prove Short-Lived: Berenberg
The crypto exchange is faced with several risks that could trigger a reversal of the stock’s recent gains, the report said.
Coinbase Chief Legal Officer Paul Grewal (CoinDesk)

Coinbase CEO Brian Armstrong (Steven Ferdman/Getty Images)
Coinbase Faced With Too Much Regulatory Uncertainty, Rating Cut to Neutral: Citi
The bank slashed its price target for the crypto exchange to $65 from $80.
Coinbase CEO Brian Armstrong (Steven Ferdman/Getty Images)

Oppenheimer downgraded its rating on Coinbase's stock to perform from outperform. (Unsplash)
Coinbase Downgraded by Oppenheimer After Disclosing Possible SEC Charges
The Wall Street firm said it is worried about the fairness of crypto enforcement actions in the U.S.
Oppenheimer downgraded its rating on Coinbase's stock to perform from outperform. (Unsplash)

Silvergate CEO Alan Lane (Silvergate)
Why Financial Analysts Missed Silvergate’s Red Flags
There were numerous signs of the crypto bank’s problems, but none of the analysts following the company picked up on them. Angelo Calvello, of Rosetta Analytics, says that was partly down to their traditional investment mindset.
Silvergate CEO Alan Lane (Silvergate)

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Silvergate Loses a Bull as KBW Analyst Downgrades on Limited Visibility
The analyst slashed the investment bank's price target by about 36% to $16.
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PARIS, FRANCE - OCTOBER 05:  In this photo illustration, the Coinbase cryptocurrency exchange website is seen on the screen of a computer on October 05, 2018 in Paris, France. The California cryptocurrency platform is about to raise $ 500 million in the event of an IPO. After having exceeded 20 million users this summer, the cryptocurrency trading platform has seen its financial value further increase. The California start-up is now valued at $ 8 billion.  (Photo Illustration by Chesnot/Getty Images)
Coinbase Price Target Cut by JPMorgan Due to Regulatory Risks
Analysts at the bank lowered their estimates for the end of the year to $52 from $60.
PARIS, FRANCE - OCTOBER 05:  In this photo illustration, the Coinbase cryptocurrency exchange website is seen on the screen of a computer on October 05, 2018 in Paris, France. The California cryptocurrency platform is about to raise $ 500 million in the event of an IPO. After having exceeded 20 million users this summer, the cryptocurrency trading platform has seen its financial value further increase. The California start-up is now valued at $ 8 billion.  (Photo Illustration by Chesnot/Getty Images)

PARIS, FRANCE - FEBRUARY 26: In this photo illustration, the Coinbase cryptocurrency exchange logo (C) is seen on the screen of an iPhone on February 26, 2021 in Paris, France. Cryptocurrency trading platform Coinbase has filed for registration with the SEC on Thursday for an IPO via direct listing on the Nasdaq and will likely be the largest IPO of the year. Coinbase reported $ 1.28 billion in revenue in 2020 (+ 140% year on year), for net profit of $ 320 million. (Photo illustration by Chesnot/Getty Images)
Moody’s Further Downgrades Coinbase Junk Bonds, Joining S&P
The ratings agency cited Coinbase’s weakened revenue and cash flow generation potential due to the ongoing crypto winter as reasons for the move. S&P downgraded the company earlier this month.
PARIS, FRANCE - FEBRUARY 26: In this photo illustration, the Coinbase cryptocurrency exchange logo (C) is seen on the screen of an iPhone on February 26, 2021 in Paris, France. Cryptocurrency trading platform Coinbase has filed for registration with the SEC on Thursday for an IPO via direct listing on the Nasdaq and will likely be the largest IPO of the year. Coinbase reported $ 1.28 billion in revenue in 2020 (+ 140% year on year), for net profit of $ 320 million. (Photo illustration by Chesnot/Getty Images)