Analyst Gautam Chhugani forecasts significant gains for Coinbase despite three straight earnings misses and a 38% annual decline.
Bernstein analyst Gautam Chhugani maintains a Street-high $330 price target for Coinbase Global (NASDAQ:COIN), implying 77% upside from its current $186.49 level. The call contrasts with three consecutive quarterly earnings misses and a 38% decline over the past year.
Coinbase reported a Q2 2026 net loss of $359.5 million, with EPS at -$1.36, missing estimates by 497%. Revenue fell 18.51% year over year to $1.22 billion, while crypto spot volumes dropped 25% quarter over quarter. Despite this, the company is expanding into derivatives, prediction markets, and stablecoin revenue tied to USDC.
The consensus target remains well below Bernstein’s bullish outlook, leaving investors to weigh whether recent volatility signals opportunity or risk.