AI predicts Coinbase (COIN) stock price after Q2 earnings

Earnings Overview - Coinbase Global Inc reported Q2 2024 revenue of $1.45 billion, exceeding analyst estimates of $1.39 billion [1] - Transaction revenue was $780.90 million, above the projected $745.10 million [1] - Adjusted EBITDA came in at $596 million, lower than the $607.7 million estimate but marking the sixth consecutive positive quarter [1] - All Q2 results showed a decline compared to Q1 2024, though still positive [1] Stock Performance and Analyst Forecasts - COIN is trading at $214.77 in pre-market, 1% above the August 1 closing price of $212.64 [1] - Analysts forecast an average price target of $260.70 for August 2025, with a maximum estimate of $400 and minimum of $145 [1][2] - The forecasts are based on TradingView data and consider opinions from 25 analysts prior to the Q2 report [1][2] AI-Powered Price Prediction - ChatGPT-4o predicts COIN stock price will likely trade between $270 and $280 in 2025 [3] - The bullish target range is $350 to $400, while the bearish target is $150 to $160 per share [3] - The AI's projection resulted in a higher average and minimum forecast compared to analyst estimates, with a more conservative maximum estimate [3] - Reaching the baseline target would yield gains between 27% and 32% from the last traded price [4] Market Context - Coinbase's performance is closely tied to the cryptocurrency market, which is influenced by external factors and known for high volatility [4]