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Coinbase Earnings Disappointed. Wall Street Is Split on the Stock. - Barron's

1. Coinbase reported a 26% revenue drop in Q2, triggering a sell-off. 2. Analysts are polarized with predictions from $248 to $421 price targets. 3. Regulatory changes like the Genius Act may benefit Coinbase's revenue streams. 4. Retail trading softness expected for upcoming quarters, affecting revenue. 5. Wall Street leans toward a bullish perspective despite recent downgrades.

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FAQ

Why Neutral?

While revenue fell and some analysts downgraded, others retained buy ratings, creating uncertainty.

How important is it?

The divergence in analyst opinions indicates significant unpredictability, making the article relevant.

Why Short Term?

Immediate market reactions are influenced by recent earnings, affecting short-term sentiment until Q3 results.

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