Coinbase’s (COIN) softer-than-expected second quarter results triggered a sharp Friday sell-off, but Wall Street broker Benchmark says the drop is a buying opportunity, not a red flag.
Analyst Mark Palmer reiterated his buy rating and $421 price target. He argued that the exchange’s long-term investment case remains intact as the company continues to build foundational crypto infrastructure.
The shares are 1.8% higher in early trading Monday, after having closed 16.7% lower on Friday.
Benchmark highlights five catalysts supporting its thesis. First, Coinbase’s revenue-sharing agreement with Circle on USDC reserves positions it to benefit from stablecoin adoption, especially after the U.S. passed the GENIUS Act.
Second, its institutional offerings, including prime brokerage, crypto-as-a-service and derivatives, are well-timed because the CLARITY Act may spur further adoption.
Third, the firm is developing a crypto “super app” integrating trading, payments, non-fungible tokens (
We współpracy z: https://www.coindesk.com/markets/2025/08/04/coinbase-s-weak-q2-is-a-blip-not-a-breakdown-says-benchmark
