Coinbase price target lowered to $267 from $421 at Benchmark

Benchmark lowered the firm’s price target on Coinbase (COIN) to $267 from $421 and keeps a Buy rating on the shares. Q4 results “reinforced a familiar paradox,” namely that the stock trades like levered crypto beta, yet its underlying business is evolving into something more diversified and durable, the analyst tells investors. Beneath headline metrics from the quarter that missed consensus estimates on both revenue and earnings, the company’s critical indicators – such as doubled trading volume and market share in 2025, the scaling of its derivatives platform, and ongoing stablecoin adoption – supported the view that the stock “offers exposure to a compelling long-term secular growth story,” the analyst added.