Morgan Stanley raises Coinbase forecast to $258 ahead of earnings
Image: Crypto.newsMorgan Stanley raised its Coinbase forecast from $250 to $258 and kept an Equal Weight rating. Citizens JMP cut its Coinbase forecast to $280 from $325. Coinbase reported second-quarter revenue of $1.22 billion, short of analyst estimates. The firm has expanded into stablecoin, derivatives and stock trading products. Wall Street remains divided on the stock ahead of the next earnings report.
Key points
- Morgan Stanley raised its Coinbase forecast from $250 to $258 and kept an Equal Weight rating.
- Coinbase reported second-quarter revenue of $1.22 billion, below analyst estimates.
- Coinbase has expanded into stablecoin, derivatives and stock trading products alongside its exchange.
- Brokerages hold differing views on Coinbase stock ahead of its next earnings report.
Why it matters
The analyst revisions come before Coinbase's next earnings report, which follows a revenue miss and the company's expansion into stablecoin, derivatives and stock trading products.
What's unclear
Coinbase's next quarterly results have not been reported.
Sources · 2 publishers
Crypto.news
Tier 2
Coinbase stock target raised to $258 by Morgan Stanley
Coverage timeline
- First reported by CoinGape
- Also reported by Crypto.news
- CryptoVideos brief published
How this page is checked. AI drafted this brief from selected independent reports. Automated checks compare numbers, source coverage and topic terms, but may miss errors. Publication and evidence refreshes run automatically. Read the linked reports for context. Report an error
USDC
−0.0%
