Coinbase stock dips after Needham cuts target to $290 on weak crypto volumes
NEW YORK, December 30, 2025, 10:54 ET — Regular session
- Coinbase down 0.1% after Needham lowered its price target to $290 from $400, but kept a buy rating.
- Needham pointed to weak crypto trading volumes over the next couple of quarters, even if prices stabilize.
- Bitcoin rose about 1.5% as traders weighed macro signals and year-end liquidity.
Coinbase Global (COIN.O) shares were down 0.1% at $233.47 on Tuesday after Needham cut its price target on the crypto exchange operator, citing continued weakness in crypto trading volumes. “Even if crypto prices are near a bottom, retail volumes typically remain muted until momentum returns,” Needham analyst John Todaro told investors. TipRanks
The call matters because Coinbase’s revenue still…
