Coinbase (COIN) Stock: What Wall Street Expects from Earnings Today

TLDR Coinbase (COIN) stock closed Wednesday near $162, down 54% over the past 12 months. Analysts expect a Q3 loss of 23 cents per share on $1.21 billion in revenue, after the close Thursday. Rosenblatt reiterated a Buy rating and $200 price target, and raised its revenue estimate to $1.226 billion. Nearly half of expected Q3 revenue should come from subscriptions and services, including USDC income. The Clarity Act failed to advance in the Senate in September, a setback for the company. Coinbase (COIN) stock closed Wednesday at about $162.