-
Coinbase Stock Surges After Q4 Miss as Analysts Call It 'Too Cheap to Sell'
Coinbase’s fourth-quarter earnings fell short of Wall Street expectations on Thursday, but the price of COIN is surging Friday in the aftermath—and asset manager Bernstein says investors are overlooking the exchange’s resiliency. Despite being exposed to a volatile crypto market, Bernstein analysts led by Gautam Chhugani maintained an “outperform” rating for Coinbase in a Friday note. They reiterated a price target of $440 per share after lowering it from $510 per share last month, and described the stock as “too ‘cheap’ to sell.” On Friday, Coinbase shares rallied more than 18% from their previous ... (full story)
- Comments / Top
- Subscribe
-
Related Stories
From breakingthenews.net | Feb 13, 2026
Coinbase Global Inc. announced on Thursday that its revenue in the fourth quarter of its fiscal 2025 amounted to $1.8 billion, dropping 20% on an annual basis to come below analysts' expectations. The company recorded a net loss of $667 million in the three-month period, compared to $1.3 billion net income in the same timeframe in 2024. Total revenue for ...
From dlnews.com | Feb 15, 2026
South Korea’s biggest securities player has agreed a $92 million deal to take over Korbit, the country’s oldest crypto exchange. The deal will see Mirae Asset, a firm with $418 billion in total assets under management, buy 92% of Korbit’s shares, subject to regulatory approval. The goal of the takeover for Mirae is “securing digital asset-powered future ...
From news.ssbcrack.com | Feb 15, 2026
Elon Musk’s social media platform X is poised to dramatically expand its functionality by enabling users to engage in stock and cryptocurrency trading directly from their timelines. This ambitious move indicates the company’s deeper foray into the financial services sector. Nikita Bier, head of product at X, revealed that the platform will soon introduce ...
