BTIG lowered its price target for Coinbase Global Inc. to $340 from $420, citing expected weakness in Q4 transaction volumes. The firm also said it would maintain a Buy rating on Coinbase.
The move comes ahead of Coinbase’s Q4 2025 earnings release on February 5. Investors will be watching Coinbase’s Q4 2025 results for signs of demand and user activity as BTIG signals a more cautious near-term outlook.
The price-target reduction implies limited upside near the upcoming report, even with BTIG’s Buy rating intact. If Coinbase delivers results in line with or above BTIG’s expectations, the stock could see upside as investors refine their outlook. Otherwise, a weaker quarter could keep the path to higher prices constrained.
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