Coinbase Global, Inc. (COIN) earnings on May 7, 2026
More Coinbase Global, Inc. earnings
Prior outlook: Pessimistic Outcome: Partial
The stock rose 4.25% after earnings, defying expectations that it would fall. Investors reacted positively to the company's results.
COIN price around the earnings
201.16
Change: +4.2%
2026-05-08, 20:00 UTC
- Price: green if it ends above the starting price; red if it ends below
- Start of the measured window
- End of the measured window
- Market open
- No trading (market closed)
- Starting price
Prior thesis
Prior outlook: Pessimistic Outcome: Partial
- Thesis published
Analysts expect an optimistic scenario despite concerns.
Analysts expect an optimistic scenario for the stock, but revenue is shrinking and past earnings have been unpredictable. Negative news and a pessimistic price trend add to the concerns.
Context analyzed before publication
- Summary
- Analysts point to an optimistic scenario despite concerns.
- Reasoning
- Analysts point to an optimistic scenario, though revenue is shrinking and past earnings have been unpredictable. Negative news and a downward price trend add to the concerns.
- Playbook
- Given the negative trends and volatile earnings, the scenario suggests waiting for more positive developments. Revenue and earnings are monitored for signs of stabilization.
- Trend
- Stabilizing slightly from severe negativity.
Analysts
Drivers
-
Analysts
Positive
The average analyst recommendation is a buy, with analysts citing a target price about 21.1% above the current price.
Evidence
- Analyst consensus
- Buy
- Consensus average (1-5)
- 2.03
- Analysts covering the stock
- 28
- Average price target
- 236.57
- Lowest price target
- 115
- Highest price target
- 400
- Upside to price target
- 21.1%
- Revenue growth
- -22.2%
- Forward EPS
- 4.75
- Trailing EPS
- 4.45
- Analyst moves in the last 60 days
- 10
- Strong buy: 3
- Buy: 17
- Hold: 10
- Sell: 2
- Strong sell: 1
- Strong buy
- 3
- Buy
- 17
- Hold
- 10
- Sell
- 2
- Strong sell
- 1
- May 6, 2026 · Benchmark: Maintains rating (Buy → Buy)
- May 6, 2026 · Rosenblatt: Maintains rating (Buy → Buy)
- May 5, 2026 · JP Morgan: Maintains rating (Overweight → Overweight)
- April 21, 2026 · Cantor Fitzgerald: Maintains rating (Overweight → Overweight)
- April 15, 2026 · Piper Sandler: Maintains rating (Neutral → Neutral)
- April 10, 2026 · Citizens: Maintains rating (Market Outperform → Market Outperform)
- April 8, 2026 · Barclays: Downgrades rating (Equal-Weight → Underweight)
- March 30, 2026 · Bernstein: Maintains rating (Outperform → Outperform)
- March 26, 2026 · Goldman Sachs: Maintains rating (Buy → Buy)
- March 17, 2026 · Baird: Maintains rating (Neutral → Neutral)
News and sentiment
Drivers
-
News & sentiment
Negative
Recent news includes a negative outlook for the first quarter and reports of a competitor lowering market review fees. This creates a negative market sentiment.
Evidence
Sentiment
- Sentiment
- Constructive
- Mention volume
- Low
- Normalized volume
- 33%
News
Sources (8)
- Top Wall Street Forecasters Revamp Coinbase Expectations Ahead Of Q1 Earnings — Benzinga
- Coinbase Q1 Preview: 'Everything Exchange' Dream Faces First Test After Shock Layoffs — Benzinga
- Morgan Stanley Undercuts Coinbase, Robinhood On BTC, ETH, SOL Trading Fees — Benzinga
- Benchmark Maintains Buy on Coinbase Global, Lowers Price Target to $260 — Benzinga
- Coinbase Launches Gold And Silver Perpetual Futures For Eligible Non‑US Traders — Benzinga
- JP Morgan Maintains Overweight on Coinbase Global, Raises Price Target to $290 — Benzinga
- Bitcoin 'Materially Undervalued,' Coinbase Report Says—But What About ETH? — Benzinga
- Ripple Partners With Coinbase To Combat North Korean Hackers — Benzinga
Technicals
Drivers
-
Technical
Negative
The stock's price momentum has weakened recently, and it is currently market review closer to its support level than its resistance level.
Evidence
- Average true range (ATR)
- 5.1%
- Distance to 52-week high
- -56.1%
- 14-day change (14d)
- -7.9%
- 30-day change
- +12.5%
- 30-day relative strength
- +0.5%
- Benchmark change
- +12.0%
- Nearest support
- 158.49
- Nearest resistance
- 216.04
- Volume accumulation ratio
- 0.84
Trends
Evidence
- Average earnings surprise
- -77.0%
- February 12, 2026: actual EPS -2.49 vs estimate 0.62 (surprise -499.3%)
- October 30, 2025: actual EPS 1.5 vs estimate 1.13 (surprise +33.0%)
- July 31, 2025: actual EPS 5.14 vs estimate 1.49 (surprise +245.6%)
- May 8, 2025: actual EPS 0.24 vs estimate 1.87 (surprise -87.2%)
Expected move
Drivers
-
Past earnings
Negative
The company's earnings have been highly unpredictable, with a 50% success rate in meeting expectations but a large average miss of -77.0%.
There is no implied-move data available for this event.
Reactions over its last 19 earnings
- Median move
- 5.5%
- 75th percentile move
- 12.1%
- 90th percentile move
- 17%
- Up / down moves
- 8 / 11
- Average up move
- +8.3%
- Average down move
- -8.3%
Monitoring and close
What Coinbase Global, Inc. reported
There is no monitoring data available for this event.
Pre-market second reading after the results
There is no second reading available for this event.
How the stock reacted
- Outcome
- Partial
- Consolidated
- +4.3%
- Max favorable move (MFE)
- 5.3%
- Max adverse move (MAE)
- 4.4%