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2 Crypto Stocks Sliding After Earnings Today
Schaeffers Investment Research·2025-08-01 15:22

Group 1: Coinbase Global Inc (NASDAQ:COIN) - Coinbase shares fell 15.5% to $319.31 after second-quarter earnings of 12 cents per share and revenue of $1.5 billion missed estimates [1] - The company provided a disappointing third-quarter subscription and services revenue outlook, leading to price target cuts from at least four analysts, including J.P. Morgan Securities, which lowered its target to $432 from $404 [1] - Despite the drop, Coinbase is up 28.2% year-to-date, although it has moved away from its July 18 record high of $444.64 and is trading at its lowest levels since late June [2] Group 2: MicroStrategy Inc (NASDAQ:MSTR) - MicroStrategy shares decreased by 6.3% to $376.39, despite reporting a significant second-quarter profit and two price-target hikes [3] - The company posted earnings of $32.60 per share, a turnaround from a loss of 57 cents in the same quarter last year, with operating income rising to $14.03 billion [3] - Since reaching a peak of $457.22 on July 16, MSTR has been declining, with potential support at the $360 level and the 100-day moving average at $366; the stock is up 31.9% year-to-date [4]