MarketPR
A second-quarter earnings miss at Coinbase (COIN) prompted Wall Street to lower price targets, even as analysts remain divided on the company's growth outlook.
The central question heading into the next quarter: whether the exchange can generate meaningful revenue outside of crypto trading.
Target cuts follow the print The Q2 miss gave Wall Street cover to revise models lower, and that part of the reaction was largely unified. The forward view is where the split opens.
Analysts disagree on whether Coinbase's efforts to build beyond its core trading business are credible or still speculative. Crypto trading revenue is cyclical.
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