Coinbase's price target lowered to $230; US Tiger maintains buy rating
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US Tiger Securities lowered its price target on Coinbase (COIN) to $230 from $250 while maintaining a Buy rating, citing a slower-than-expected recovery in trading activity. In a report issued on the 30th, the brokerage applied roughly 25.3x its 2027 estimated adjusted EBITDA to derive the new target. US Tiger positively assessed Coinbase's rising trading volume market share and revenue diversification, but noted crypto trading activity remains sluggish. Coinbase reported third-quarter net revenue of $1.2 billion, net income of $718.7 million, and adjusted EBITDA of $332.9 million. Investors should watch for updates on trading volume trends and the pace of revenue diversification across Coinbase's business lines.
Muhabbit's AI wrote this summary in its own words from TokenPost's report. It can get details wrong, so check the source.
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Coinbase (COIN), US Tiger Securities
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