BTIG Lowers Coinbase (COIN ) PT to $340, Cites Expected Weakness in Q4 Transaction Volumes

Group 1 - Coinbase Global Inc. is currently viewed as a profitable stock, with BTIG lowering its price target to $340 from $420 while maintaining a Buy rating, citing a 49% decline in shares since the Q3 report compared to a 32% decline in the broader crypto market [1][2][5] - BTIG believes the current share price presents an attractive entry point, emphasizing the company's progress in creating a flywheel effect between its trading business and digital asset applications, and expects the upcoming earnings report to show successful revenue diversification away from volatile transaction fees [2][5] - Compass Point has maintained a Sell rating on Coinbase, lowering its price target to $190 from $230, anticipating a 4% revenue miss for Q4 2025 and concerns over a potential decline in stablecoin revenue by early 2026, compounded by stalled legislative progress on the CLARITY Act [3][5] Group 2 - Coinbase operates a platform for crypto assets both in the US and internationally, providing a primary financial account in the crypto economy, a brokerage platform, and a suite of products for on-chain development [5]