Top Wall Street Forecasters Revamp Coinbase Price Expectations Ahead Of Q4 Earnings

Core Viewpoint - Coinbase is set to release its fourth-quarter financial results on February 13, 2025, with expectations of significant growth in earnings and revenue compared to the previous year [1] Financial Performance - Analysts predict Coinbase will report quarterly earnings of $2.13 per share, an increase from $1.04 per share in the same quarter last year [1] - The projected quarterly revenue is $1.84 billion, up from $953.79 million a year earlier [1] Analyst Ratings and Price Targets - HC Wainwright & Co. analyst Mike Colonnese maintains a Buy rating and raises the price target from $255 to $330 [3] - Needham analyst John Todaro also maintains a Buy rating but lowers the price target from $420 to $330 [3] - Mizuho analyst Dan Dolev upgrades the stock from Underperform to Neutral and raises the price target from $250 to $290 [3] - Oppenheimer analyst Owen Lau keeps an Outperform rating but cuts the price target from $358 to $334 [3] - Keefe, Bruyette & Woods analyst Kyle Voigt maintains a Market Perform rating and reduces the price target from $275 to $255 [3] Stock Performance - Coinbase shares increased by 3% to close at $274.90 on Wednesday [2] - The company has beaten analysts' revenue estimates in seven of the last ten quarters, despite missing estimates in the third quarter [2]