Coinbase price target lowered to $264 from $310 at Goldman Sachs

Goldman Sachs lowered the firm’s price target on Coinbase (COIN) to $264 from $310 and keeps a Buy rating on the shares. Coinbase Q4 EPS was below consensus, though core EPS of $1.46 beat Street estimates, the analyst tells investors in a research note Weakness in net revenue and conservative Q1 guidance, particularly for transaction and subscription revenue, offset margin strength, leading to downward revisions of 2026-2027 revenue and pre-tax margin expectations, while the company continues to pursue growth through the Everything Exchange, stablecoin/payment expansion, and on-chain adoption, the firm adds.