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Coinbase rated Hold ahead of Q3 earnings, with growth in derivatives but ongoing profitability challenges.

Company Fundamentals
23 Oct 2026
Seeking Alpha
View Source
Neutral
Coinbase rated Hold ahead of Q3 earnings, with growth in derivatives but ongoing profitability challenges.

Coinbase is rated Hold due to strong liquidity, growth in derivatives, and diversification, but it still faces challenges with sustained operating profitability and cyclical risks in the crypto market. The upcoming Q3 earnings report on October 29 is crucial, with expected revenues between $1.12 billion and $1.22 billion and potential operating losses up to $75 million. The stock trades at high revenue multiples, which are only justified if revenue growth resumes and cost control improves. Key risks include declining retail trading, revenue volatility from USDC, integration challenges, ongoing stock compensation, and competition from Robinhood and Circle.

Coinbase shares trade at USD 169.47 on Pluang as of Oct 23, 2026 18:33 WIB, showing a modest 0.22% gain in the last day. The stock's market cap stands at $44.61 billion, reflecting its significant presence in the financial sector. Typical hold time for COIN on Pluang is 79 days, with buyers currently outnumbering sellers at 58% to 42%.

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