Cryptocurrency heavyweight Coinbase Global Inc. (NASDAQ:COIN) will report earnings for the third quarter after the market close on Thursday. Here’s a quick overview of the company and its stock.
Can COIN Break Its Losing Streak?
Analysts estimate Coinbase to report revenue of $1.21 billion, down more than 35% from the same quarter last year, but roughly flat compared with the second quarter.
Coinbase is projected to report a GAAP loss of $0.1 per share, with Polymarket bettors currently seeing a 95% probability that the largest U.S. cryptocurrency exchange will outperform that expectation.
Notably, Coinbase reported losses in the first two quarters of 2026.
Read Also: Would a Bitcoin Selloff After the Midterms Present a Buying Opportunity?
How’s COIN’s Health?
The COIN stock carried a consensus "Buy" rating, with 24 analysts setting an average price target of $249. JPMorgan, Needham and Citigroup have all raised their price targets in their latest ratings.
Short interest in the stock declined from 25.2 million to 24.40 million in a month, representing 11.1% of the company’s publicly available float. Falling short interest is typically seen as bullish.
The Moving Average Convergence Divergence indicator, which compares two exponential moving averages of an asset’s price, flashed a "Sell" signal for COIN, according to TradingView.
The Commodity Channel Index, which measures the difference between the current price and the historical average price, screamed a “Buy.”
Notably, insiders, who own 0.5% of shares outstanding. executed 7 sales worth $23 million over the last 3 months.
Price Action: Coinbase shares are down 1.10% pre-market trading, according to Benzinga Pro. The stock closed 0.93% higher at $161.09 during Tuesday’s regular trading session.
Benzinga’s Edge Stock Rankings indicate that COIN has a weaker price trend in the short, medium and long term.
Read Also: Bitcoin Could Hit $100,000 or $60,000 by Year-End, Analyst Says
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