Coinbase (COIN) Faces Estimate Cuts with Trading Volume Decline Ahead
Published on · Source: finance.yahoo.com
AI Summary
Summarized by AI from the source belowWilliam Blair has reduced its annual revenue estimates for Coinbase (NASDAQ: COIN) by 12% for 2026 and 13% for 2027. Additionally, EBITDA estimates were cut by 34% for both years, with an expected drop in trading volume to $669 billion in 2026, down 44%. Coinbase reported a Q1 2026 revenue of $1.4 billion, marking a 31% year-over-year decline and a net loss of $394 million. Despite these cuts, William Blair maintains an outperform rating, believing the crypto market could be near a bottom, which may present a buying opportunity for investors.
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
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