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Coinbase stock jumps as top analysts maintain buy rating

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coinbase stock

Coinbase stock jumped by 5% on Friday, a day after the top crypto exchange reported weak financial results, including falling revenues and soaring losses.

Summary

  • Coinbase share price bounced back after publishing its financial results.
  • Its revenue declined, and its profits fell as expenses rose and crypto prices fell.
  • Top Wall Street analysts maintained their bullish outlook while lowering their targets.

Coinbase shares jumped to $147, well above the year-to-date low of $140. It remains well below the all-time high of $445.

Top analysts maintained a buy rating on COIN stock 

The rebound came after H.C. Wainwright maintained its buy rating on the company and set a $350 target. A move to that target would imply a 135% surge from the current level.

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The company’s analysts noted that Coinbase had become a bargain after the recent crash, pushing it to its lowest level since 2024. 

Additionally, they noted that the company would benefit from the CLARITY Act, which has been stuck in the Senate Banking Committee. A meeting between banks and companies in the crypto industry at the White House failed to resolve the key issue of allowing stablecoin rewards.

Other Wall Street companies maintained their buy rating on Coinbase stock even as they lowered their target price. Chris Brender of Rosenblatt Securities lowered the target price from $325 to $240, while Needham’s John Todaro slashed it from $290 to $230. 

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Benchmark’s Mark Palmer also slashed the target from $421 to $267. As a result, the average target among Wall Street analysts dropped to $303 from $400 three months ago.

Coinbase reported weak financial results on Thursday and blamed the ongoing crypto market crash. Its transaction revenue dropped to $982 million in the fourth quarter from $1.5 billion in Q4’24. This slowdown was offset by an increase in subscription and services revenue, which jumped to $727 million.

Coinbase reported significant quarterly losses after marking down its crypto assets like Bitcoin (BTC) and Ethereum (ETH). Its operating costs continued rising as it aims to become the “everything exchange”.

The company has invested in several key products, which it hopes will boost its revenue in the future. For example, it recently unveiled a prediction marketplace and aims to become a stockbroker by introducing tokenized stocks.

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A major risk for Coinbase stock is that some analysts expect Bitcoin to remain under pressure in the near term. In a note on Thursday, analysts at Standard Chartered lowered their Bitcoin target to $100,000 and warned it could drop to $50,000.

Coinbase stock price technical analysis 

coinbase stock
COIN stock chart | Source: TradingView

The weekly chart shows that the COIN stock price has crashed in the past few months as Bitcoin and most altcoins have plunged. It dropped to a key support level, marking the lowest swings since September 2024.

The coin remains below all moving averages, while the Relative Strength Index has moved to the oversold level of 30, its lowest swing since 2023.

Therefore, the most likely scenario is where it resumes the downtrend, potentially to the key support level at $100.

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Crypto World

Ether Funding Turns Negative, But Bears Remain In Control: Why?

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Ether Funding Turns Negative, But Bears Remain In Control: Why?

Key takeaways:

  • Ether price struggled as investors pulled $225 million from the spot ETFs, and Ethereum staking rewards underperformed compared to stablecoin yields.

  • Recent Ethereum network upgrades and plans for improved wallet security are positives, but fail to kickstart demand for Ether.

Ether (ETH) price has repeatedly failed to sustain levels above $2,100 over the past month, gradually eroding traders’ confidence in the altcoin. Even with a 7% rise between Monday and Tuesday, ETH derivatives metrics suggest a lack of interest in leveraged bullish positions, potentially signaling that bears remain in control.

ETH perpetual futures annualized funding rate. Source: Laevitas.ch

ETH perpetual futures dipped into negative territory on Tuesday, signaling increased demand for short (bearish) positions. More importantly, this metric has remained below the neutral 6% to 12% range for the past month. Part of this investor disappointment stems from a 54% price decline over six months, even though cooling onchain activity has also played a significant role.

Weekly base layer fees on the Ethereum network averaged $2.3 million over the past month, down from an $8 million peak in early February. While 7-day transaction counts stabilized near 14 million, the current industry focus on layer-2 rollup scalability has so far failed to generate fresh demand for native Ether.

ETH 30-day options delta skew (put-call). Source: Laevitas.ch

Contrary to perpetual futures markets, the ETH options risk gauge hovered near the neutral -6% to +6% range on Tuesday. Put (sell) options traded at a 7% premium relative to call (buy) instruments, suggesting confidence is slowly returning among Ether bulls. Furthermore, no competitor has yet challenged Ethereum’s $56 billion in total value locked (TVL).

Ether exchange-traded funds (ETFs) saw $225 million in net outflows between Thursday and Monday, reversing the $169 million in inflows seen on Wednesday. This metric serves as a proxy to institutional demand, which is currently held back by the 2.8% native staking reward rate. By comparison, stablecoin yields on Sky Lending (formerly MakerDAO) sat higher at 3.75%.

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Weak spot ETH ETF demand and concerns with Ethereum’s roadmap

Excitement surrounding the ETF staking approval in the US, which occurred in late 2025, has not yet translated into sustainable demand. One could argue that the negative outcome was simply a result of bad luck, as the launch coincided with a broader crypto market downturn that began in early October after total market capitalization neared a $4 trillion all-time high.

Related: Was Ethereum ‘ultrasound money’ a mistake? ETH down 65% vs. BTC since pivot

ETH/USD (blue) vs. total crypto capitalization (orange). Source: TradingView

ETH has underperformed the broader cryptocurrency market since October 2025, and there are no signs that a reversal is underway. Investor sentiment is also impaired by a staggering $735 million net loss from the Ethereum treasury firm Sharplink (SBET US) in 2025. The company, chaired by Ethereum co-founder Joseph Lubin, released these financial results on Monday.

The pace of native chain scalability might have contributed to Ether’s negative performance. For instance, Ethereum co-founder Vitalik Buterin said on Saturday that account abstraction, equivalent to smart accounts, will likely be shipped “within a year,” after more than a decade under development. Transactions will be able to reference each other’s data, enabling quantum-resistant wallets.

Another advantage of the upcoming Ethereum Hegota fork is paying gas fees in non-ETH tokens using special-purpose decentralized exchanges, while adding a “general-purpose public mempool” and removing “public broadcasters” in privacy platforms such as Railgun and Tornado Cash. Buterin also said that he expects “progressive decreases” of slot time and finality time in the long term.

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Overall, ETH derivatives and onchain activity point to low conviction in a bullish breakout above $2,200, but at the same time, there is no indication of worsening conditions or domination from bears.