Coinbase is slated to release fourth-quarter results after the close, with Bitcoin and Ethereum trading at markedly different levels than during the last earnings release. Analysts expect fourth-quarter revenue of about $1.84 billion, down from $2.27 billion a year earlier, and earnings per share of about $1.05, down from $3.39 a year ago. The company has historically beaten revenue and EPS estimates, including in the most recently reported quarter (Q3).
Bank of America Securities analyst Craig Seigenthaler upgraded Coinbase to Buy in January, with a $340 price target. He argued that Coinbase’s expanded product offerings and a growing total addressable market could help cushion the stock and its finances from the crypto correction in Q4. Product expansions include stock and ETF trading and prediction markets, which could help Coinbase cross-sell and attract new customers.
Analysts have trimmed price targets ahead of the results, with JPMorgan, Citigroup, Cantor Fitzgerald, BTIG, and Piper Sandler adjusting targets. Bitcoin traded near $111,000 on Coinbase’s report day and around $114,000 at quarter-end; currently BTC trades around $66,369 and ETH sits near $1,921. With crypto prices cooling, Coinbase’s diversification progress and forward guidance will likely shape the stock’s trajectory in 2026.
Last quarter, Coinbase posted about $1 billion in transaction revenue and $747 million from subscriptions and services—a segment that has grown steadily and provides more stable, less volatile income. The company also aired a Super Bowl commercial, drawing attention but ranking among the lower-rated spots; management will discuss ad costs, customer acquisition goals, and how it fits into the broader product strategy. Investors will weigh the stock’s price action, with Coinbase down about 7% to around $150 and well off its 52-week high; the shares have fallen roughly 36% year to date in 2026 and about 44% over the past year.
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