Compass Point Revises Coinbase Target Downward Citing Revenue Shortfall and Regulatory Delays
Compass Point has adjusted its price target for Coinbase Global Inc. to $190 from $230 while keeping a Sell rating, anticipating a revenue shortfall in the fourth quarter. The firm highlights concerns over the declining stablecoin revenue anticipated in early 2026, coupled with stalled progress on key legislation affecting the company. Other analys…