Citi lowers Coinbase target price to $400, still optimistic about long-term prospects

CycleProphet · 2026-02-06T14:21:10+00:00

Citi Bank has lowered Coinbase's target price from $505 to $400, citing risks in the crypto market and regulatory delays, but maintains a "Buy/High Risk" rating, expecting net income to decline by approximately 10% in 2025.

CycleProphet

2026-02-06 14:21:10

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Deep Tide TechFlow News, February 6, According to CoinDesk, Citi Bank has lowered its target price for Coinbase (COIN) from $505 to $400, mainly due to changing risk sentiment in the cryptocurrency market and delays in U.S. crypto regulation legislation. Nevertheless, the bank maintains a “Buy/High Risk” rating, believing that Coinbase, as an industry leader, will benefit from future crypto regulatory reforms. Analysts expect Coinbase’s net income in Q4 2025 to decline by approximately 10% to $1.69 billion, while also forecasting a GAAP loss of $2.64 per share, partly due to a decline in the value of crypto asset holdings.

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