Bearish
BTIG lowers Coinbase price target to $260 amid weak crypto volumes
BTIG has reduced its price target for Coinbase Global Inc. (NASDAQ: COIN) from $280 to $260, maintaining a Buy rating. This adjustment reflects concerns over declining crypto spot volumes and a soft market backdrop. Coinbase's stock is currently trading at $159.07, down 64% from its 52-week high of $444.64.
Key points
- BTIG cuts Coinbase price target to $260 amid weak crypto volumes
- Carnegie Investment Counsel increases Coinbase stake by 615.8%
- Tradewinds LLC sells 23,579 Coinbase shares, reducing holdings by 95.2%
- Coinbase upgrades Smart Wallet verification to enhance multi-chain user experience
Sources
- BTIG cuts Coinbase stock price target on weak crypto volumesInvesting.com · July 13, 2026
- Carnegie Investment Counsel Grows Holdings in Coinbase Global, Inc. $COINMarketBeat · July 13, 2026
- Tradewinds LLC. Sells 23,579 Shares of Coinbase Global, Inc. $COINMarketBeat · July 13, 2026
- Coinbase Smart Wallet Verification Upgrade Targets The Multi-Chain UX ProblemNewsBTC · July 13, 2026
AI-generated from public news sources. Not financial advice.
