Coinbase is expected to report robust third-quarter earnings on October 30, with analysts forecasting a revenue beat. FactSet projects earnings per share of $1.14 and revenue of $1.8 billion. However, opinions diverge on Coinbase's future prospects. JP Morgan's Kenneth Worthington upgraded the stock to 'Overweight' with a $404 price target, highlighting potential gains from a Base token. Conversely, Barclays' Benjamin Budish, while optimistic about revenue, reduced his price target to $361. Compass Point's Ed Engel remains cautious, maintaining a 'Sell' rating due to concerns over lower-margin subscription revenue and declining retail activity.
Analysts Anticipate Strong Q3 Earnings for Coinbase Amid Divergent Future Projections
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