COIN Stock Falls 8% with Investors Eyeing Flat Revenue for Q4

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COIN stock dropped more than 8% on Thursday due to the ongoing weakness in Bitcoin prices.
Investors are focusing on Coinbase’s upcoming fourth-quarter earnings report scheduled for February 12.
Analysts predict flat revenue for Coinbase in Q4 with a projected $1.86 billion, similar to last year.
Coinbase is expected to report a 50% drop in quarterly profit, with earnings estimated at $1.01 per share.
BTIG lowered its price target for COIN stock from $420 to $340 but maintained a ‘Buy’ rating.

Shares of Coinbase (COIN) dropped over 8% on Thursday due to weak Bitcoin prices and investor uncertainty ahead of its upcoming Q4 earnings report. This price decline came as analysts revised their outlook for the company. Investors are focused on Coinbase’s revenue and profit projections for the fourth quarter, expected to be weaker compared to last year.

Coinbase’s Q4 Earnings Forecasts

Coinbase’s upcoming earnings report, set for February 12, has analysts forecasting flat revenue for Q4. The company is expected to generate around $1.86 billion in revenue, roughly the same as the $1.84 billion posted in Q4 of last year. Analysts are also predicting a sharp 50% drop in Coinbase’s profit, with earnings expected to fall to $1.01 per share from $2.04 per share a year ago.

This revenue projection reflects ongoing challenges in the cryptocurrency market, particularly as Bitcoin continues to struggle. With investor sentiment remaining cautious, Coinbase faces pressure to deliver strong results in a challenging macroeconomic environment. Analysts believe that a significant portion of the company’s revenue comes from transaction volume, which has been weak in the last quarter of 2025.

COIN Stock Price Target Lowered

BTIG lowered its price target for Coinbase, reducing it from $420 to $340 ahead of the Q4 earnings report. The analyst firm also maintained its ‘Buy’ rating for COIN stock, despite the price cut. BTIG attributes the lowered target to a decrease in transaction volumes in the fourth quarter compared to Q3, as well as weaker market conditions for cryptocurrencies in general.

Coinbase Global, Inc., COIN

Despite the lowered price target, BTIG sees current share levels as an attractive entry point for investors. The firm believes that Coinbase is evolving its business model, moving beyond the volatile nature of transaction-based revenue. As BTIG noted, Coinbase’s efforts to diversify its revenue streams may help improve its financial outlook in the longer term.

Bitcoin’s Impact on COIN

Bitcoin’s continued decline also has a direct impact on COIN stock. The cryptocurrency has been struggling, falling below the $68,000 level and hitting its lowest point in 15 months. Bitcoin’s downturn has worsened in recent weeks, especially after the announcement of Kevin Warsh as a nominee for Federal Reserve chair.

With Bitcoin’s value fluctuating, Coinbase’s business, which heavily depends on crypto trading volumes, has faced challenges. The company has seen billions of dollars in outflows from Bitcoin ETFs, further hurting its performance. Investors are now waiting to see if Coinbase’s fourth-quarter results can weather these external pressures.

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