Needham Cuts Coinbase (COIN) Price Target as Bitcoin Trading Volatility Looms

Coinbase Global Inc. (NASDAQ:COIN) ranks among the best stocks to buy now for long-term growth. On February 13, Needham reduced its price target for Coinbase Global Inc. (NASDAQ:COIN) from $290 to $230 while retaining a Buy rating on the company’s shares. The drop follows Coinbase’s most recent quarterly results, which were in line with the market’s expectations.

Needham expressed concern about bitcoin trading volatility in the first quarter of 2026, as well as management’s efforts to keep spending steady amid market challenges.

On the other hand, the firm noted that during the most recent market decline, Coinbase’s retail clients were net buyers. The firm also recognized Coinbase’s implementation of prediction markets, diversified revenue through additional assets, and stock buybacks. Needham added the expansion into global markets and derivatives as advantages, noting that Coinbase Global Inc. (NASDAQ:COIN) might further shift toward tokenizing tangible assets.

Coinbase Global Inc. (NASDAQ:COIN) is a leading US-based financial technology company that operates a major cryptocurrency exchange platform, enabling individuals and institutions to buy, sell, trade, store, and stake digital assets such as Bitcoin and Ethereum.

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Disclosure: None. This article is originally published at Insider Monkey.