Deep Tide TechFlow News, on November 1, according to The Block, despite Coinbase's third-quarter performance falling short of expectations, JPMorgan analysts maintain their 'Neutral' rating and a target price of $196 (until December 2025). It is reported that Coinbase's third-quarter net income was $1.13 billion, with a net profit of $75 million, below analysts' expectations of $112.2 million. JPMorgan analysts noted that Coinbase continues to advance in areas such as Base Layer 2 (with a total locked value of $2.7 billion), stablecoins, and wallets, and announced a $1 billion stock repurchase plan, demonstrating the company's confidence in future development.