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Citi cuts Coinbase price target to $400 after stock's 65% plunge from record high
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Why This Matters
Citi has reduced its price target for Coinbase to $400 following a 65% decline in the stock's value from its record high, citing reduced revenue and earnings forecasts due to a risk-off environment and delays in U.S. market structure legislation.
Market Impact
Market impact analysis based on bearish sentiment with 90% confidence.
Sentiment
Bearish
AI Confidence
90%
Time Horizon
Short Term
Article Context
Note: This is a brief excerpt for context. Click below to read the full article on the original source.
The bank trimmed its Coinbase revenue and earnings forecasts amid a brutal risk-off environment for crypto and delays around U.S. market structure legislation.
Original article published by
CoinDesk
on February 6, 2026.
Analysis and insights provided by AnalystMarkets AI.
Analysis and insights provided by AnalystMarkets AI.