PANews reported on November 1, citing The Block, that despite Coinbase's third-quarter performance falling short of expectations, JPMorgan maintains a neutral rating and sets a target price of $196 for December 2025. Analysts pointed out that although net income was only $75 million, below the expected $112.2 million, Coinbase's long-term development plans in areas such as the Base network, stablecoins, and wallets are performing well, and the company has achieved success in cost reduction and efficiency improvement.
JPMorgan is optimistic about the prospects of the crypto ecosystem and believes that Coinbase is a leading market intermediary. In addition, Coinbase has announced a $1 billion stock buyback plan, further demonstrating confidence in the company's operations.
