Bernstein Sees 71% Coinbase Upside Despite Weak First-Quarter Results

Bernstein kept an outperform rating and a $330 price target on Coinbase after the company reported $1.41 billion in first-quarter revenue and a $394.1 million net loss. Coinbase’s spot trading volume fell 25% quarter over quarter to $202 billion, and monthly transacting users fell 10% to 8.2 million. Bernstein said newer businesses such as derivatives, prediction markets, and stablecoin payments are gaining traction and could support further upside.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin