Coinbase price target lowered to $295 from $325 at Compass Point

Compass Point lowered the firm’s price target on Coinbase to $295 from $325 and keeps a Buy rating on the shares. Last week, Coinbase reported Q2 results and going forward the firm is pushing out the ramp up of higher retail trading volumes into Q4 and the first half of 2025, inline with rate cuts, and also adjusting expense estimates higher given the recent guidance. However, the firm views the recent selloff as a buying opportunity as its continues to believe Coinbase remains well-positioned to benefit from a rising crypto price cycle and thinks regulatory clarity and a Trump administration “would be positive for the stock,” the analyst tells investors.