{"id":1949,"date":"2024-10-31T18:03:00","date_gmt":"2024-10-31T18:03:00","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=1949"},"modified":"2024-10-31T18:03:00","modified_gmt":"2024-10-31T18:03:00","slug":"coinbase-analysts-remain-polarized-following-poor-earnings-note-possible-future-political-tailwinds","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=1949","title":{"rendered":"Coinbase Analysts Remain Polarized Following Poor Earnings, Note Possible Future Political Tailwinds"},"content":{"rendered":"<div>\n<p>Shares of <strong>Coinbase Global Inc<\/strong> (NASDAQ:<a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/stock\/COIN#NASDAQ\">COIN<\/a>) sunk deep into the red on Thursday following <a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/10\/41637702\/coinbase-q3-earnings-highlights-revenue-miss-eps-miss-transaction-revenue-falls-from-q2\">poor third-quarter results<\/a>. The cryptocurrency exchange company remains polarizing among analysts.<\/p>\n<p><strong>The Coinbase Analysts:<\/strong> The following analysts published notes following Coinbase\u2019s revenue miss.<\/p>\n<ul>\n<li>Goldman Sachs analyst Will Nance reiterated a Neutral rating, maintaining a $183 price target.<\/li>\n<li>Needman analyst John Todaro reiterated a Buy rating, raising its price target from $260 to $290.<\/li>\n<li>H.C. Wainwright analyst Mike Colonnese reiterated a Buy rating, lowering its price target from $295 to $255.<\/li>\n<\/ul>\n<p><strong>Goldman Sachs Takeaways:<\/strong> Nance believes that Coinbase\u2019s downward price action was cushioned by normalized expectations of revenue swings. The analyst noted his takeaways of management commentary.<\/p>\n<p>\u201cOn the strategic front, we thought the company sounded more upbeat about the regulatory environment and notably stated they feel that the crypto ecosystem is well &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/10\/41660860\/coinbase-analysts-remain-polarized-following-poor-earnings-note-possible-future-political-\" alt=\"Coinbase\" analysts remain polarized following poor earnings note possible future political tailwinds>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Shares of Coinbase Global Inc (NASDAQ:COIN) sunk deep into the red on Thursday following poor third-quarter results. The cryptocurrency exchange company remains polarizing among analysts. The Coinbase Analysts: The following analysts published notes following Coinbase\u2019s revenue miss. Goldman Sachs analyst Will Nance reiterated a Neutral rating, maintaining a $183 price target. Needman analyst John Todaro [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-1949","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/1949","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1949"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/1949\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1949"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1949"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1949"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}