As reported by Biji Wang, Coinbase is set to release its Q3 earnings after the market close, with analysts forecasting an EPS of $1.14 and revenue of $1.8 billion. JPMorgan upgraded the stock to 'Overweight,' citing the launch of the Base token and potential value from USDC yield sharing via Coinbase One, with a price target of $404 by 2026. Barclays expects strong growth in trading and subscription revenue but lowered its price target to $361 due to a high P/E ratio. Compass Point maintained a 'Sell' rating, warning of declining margins and increased competition despite potential outperformance. All analysts agree that USDC is a key profit driver, but they remain divided on its sustainability.
Analysts Predict Strong Q3 Earnings for Coinbase, But Outlook Remains Divided
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