rewrite this content using a minimum of 1000 words and keep HTML tags
Cryptocurrency exchange Coinbase (COIN) experienced an unexpected service disruption on Wednesday, just hours before the company is scheduled to report its fourth‑quarter 2025 earnings.
The outage left users temporarily unable to buy, sell, or transfer digital assets on the platform, triggering concern among customers and adding pressure to the company’s stock.
Platform Disruption Hits Coinbase
In a post on X (previously Twitter) Coinbase acknowledged the issue, stating that some customers were unable to conduct transactions on the platform. The company assured users that it was investigating the problem and emphasized that customer funds remained secure.
Shortly afterward, Coinbase Support announced that a fix had been deployed and that teams were monitoring the platform to ensure services were fully restored. However, the company did not provide details about the root cause of the disruption or explain what led to the interruption in trading activity.
Coinbase shares (COIN) fell sharply during Wednesday’s trading session. As of this writing, the stock is trading at $140, marking an 8% decline over the past several hours. The drop comes as analysts prepare for what many expect to be a challenging fourth‑quarter report.
$120 Price Target Issued For COIN
Research firm Monness Crespi took a notably cautious stance ahead of the earnings announcement. The firm issued a double downgrade on Coinbase stock, moving its rating from buy to sell.
Analyst Gus Gala described earlier expectations of a steady recovery through 2026 as “foolish,” citing the historical depth and duration of crypto bear markets.
Monness Crespi now anticipates continued weakness through the first half of the year and has revised its 2026 and 2027 projections to levels below Wall Street consensus estimates. Gala also set a $120 price target for the stock, suggesting that more attractive entry points may emerge later.
Featured image from OpenArt, chart from TradingView.com
Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
and include conclusion section that’s entertaining to read. do not include the title. Add a hyperlink to this website [http://defi-daily.com] and label it “DeFi Daily News” for more trending news articles like this
Source link
