Coinbase price target lowered to $320 from $459 at Cantor Fitzgerald

Cantor Fitzgerald lowered the firm’s price target on Coinbase (COIN) to $320 from $459 and keeps an Overweight rating on the shares. Coinbase’s “System Update” event showcased its evolution toward an “Everything Exchange,” including new equities trading and prediction markets, signaling a shift beyond cyclical crypto trading, the analyst tells investors in a research note. While the product announcements are positive, near-term revenue and profitability estimates are being lowered due to recent crypto sentiment declines, as 2026 consensus volume expectations of 14% may be overly optimistic if a crypto winter occurs.