Bank of America lifts Coinbase price target to $203 and trims Q3 EPS estimate
Bank of America Securities raised its price target for Coinbase to $203, up from $174, while keeping a Buy rating. The firm also cut its third‑quarter 2026 earnings‑per‑share forecast to a loss of $0.24 from $0.22. The revision reflects expectations of higher stablecoin revenue after the Federal Reserve’s 25‑basis‑point rate hike, but weaker crypto trading volumes. Coinbase shares rose about 3% to $188 after the announcement, with an intraday high of $191.
Why it matters
The higher target suggests about 6% upside from the current price, which may attract buying interest. The EPS downgrade signals weaker near‑term earnings, potentially limiting upside until stablecoin revenue materialises. The company expects to report its Q3 results on October 23.
Key facts
- 1BofA increased its Coinbase price target to $203 from $174. econotimes.com
- 2BofA lowered the Q3 2026 EPS estimate to -$0.24 from -$0.22. econotimes.com
- 3BofA expects full‑year 2026 EPS of -$0.73, down from -$0.71. econotimes.com
- 4Coinbase shares rose about 3% to $188, reaching an intraday high of $191. econotimes.com
- 5The target increase is linked to anticipated stablecoin revenue growth after a 25‑basis‑point Fed rate hike in September. econotimes.com
- 6Coinbase is scheduled to release its Q3 2026 results on October 23. econotimes.com
Summary written by AlphAI from 4 of 4 sources. Not investment advice. Figures are as stated by the linked sources.