Monness Crespi lowered the firm’s price target on Coinbase (COIN) to $110 from $115 and keeps a Sell rating on the shares. Coinbase delivered misses on revenue and EBITDA versus consensus, notes the analyst, who continues to see spot share loss on a volume basis despite management comments. The firm believes the question on CLARITY impacting revenue share is “the key item” in 2026, the analyst added.
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