BofA lowered the firm’s price target on Coinbase (COIN) to $216 from $217 and keeps a Neutral rating on the shares. Coinbase reported adjusted EPS of $1.94, which fell short of consensus and BofA estimates due to a lower-than-expected fee rate given an adverse mix shift toward derivatives and the market maker channel. Following the results, the firm is lowering its 2026 and 2027 EPS estimates to $6.30 and $8.65, respectively, after embedding updated guidance and softer retail engagement over the near-term, the analyst tells investors.
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