Cantor Fitzgerald lowered the firm’s price target on Coinbase (COIN) to $459 from $500 and keeps an Overweight rating on the shares. Coinbase exceeded the firm’s trading volume, revenue, and adjusted EBITDA estimates in what was a strong quarter, and Q4 is off to a strong start, with the company saying October transaction revenue is run-rating 10% higher than the 3Q25 average, the analyst tells investors in a research note. The firm believes Coinbase will be much more than just the largest U.S. cryptocurrency exchange, which makes risk/reward feel attractive.
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