Key facts: Coinbase Q2 revenue seen 5–6% below estimates; Baird cuts target to $142
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- Coinbase (COIN) Q2 revenue seen ~5–6% below estimates; trading volume expected down 15–20% sequentially. April–May were unusually slow; early-June uptick tied to Bitcoin selling, not new users. 1 2
- Baird lowered its price target for Coinbase Global, Inc. Class A (COIN) from $160 to $142 per share; no other actions, dates, or additional analyst opinions were provided in the summary. 3
- Analysts say trading volumes drive Coinbase (COIN) revenue. Near‑term volume recovery looks slow due to weak crypto markets and competition from other asset classes, pressuring fee income. 4