Coinbase (COIN) Hit With Price Target Cuts From Five Firms in One Morning
As seen on the 24/7 Wall St. homepage on October 30, 2026.
Five firms trimmed Coinbase targets in one morning, and Barclays went furthest with a cut to $120 from $149. The spread between the Street's low and Canaccord's $275 shows how little agreement there is on what the exchange is worth.
📉 PRICE TARGET CUT $COIN: PT cut to $174 from $183 by Jefferies $COIN: PT cut to $145 by Mizuho (prior target not provided) $COIN: PT cut to $120 from $149 by Barclays $COIN: PT cut to $174 from $200 by Wells Fargo $COIN: PT cut to $275 from $300 by Canaccord $COIN: PT cut to
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Five Wall Street firms trimmed their Coinbase price targets on October 30, 2026, signaling a broad reassessment of what the crypto exchange is worth at this moment. The cuts landed simultaneously, which tends to carry more weight than a lone analyst revision.
Barclays went furthest, dropping its target to $120 from $149, while Wells Fargo, Jefferies, Canaccord and Mizuho also reset their targets lower.
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The range between the Street's most cautious call at $120 and Canaccord's $275 is unusually wide, reflecting genuine disagreement about the exchange's earnings power and where crypto volumes settle from here. When analysts are that far apart, each new data point on trading activity or regulation tends to move the stock sharply.
Investors watching Coinbase should keep an eye on whether additional firms follow with their own revisions, since a coordinated round of cuts like this often precedes or follows a meaningful change in business fundamentals or forward guidance.
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