Coinbase (COIN) Cut to Sell by Compass Point as Crypto Momentum Stalls and Valuation Stretches
Coinbase (COIN) has been downgraded to a sell rating by Compass Point, which also cut its year-end price target from $330 to $248, citing weaker-than-expected earnings and fading interest in crypto equities as key risks.
COIN is trading modestly higher on Monday at $316 following last week’s earnings-related 18% plunge.
“While we remain constructive on the current crypto cycle, we expect a choppy 3Q alongside weak August/September seasonality and waning retail interest in crypto treasury stocks,” analysts wrote. “We also expect increasing stablecoin competition to weigh on both COIN and CRCL’s valuations in 2H25.”
Coinbase missed expectations for second-quarter results, and early third-quarter trends aren’t looking much better….
