JPMorgan: Maintains Coinbase target price at $196

ChainCatcher news, according to The Block, JPMorgan analysts maintain a neutral rating on Coinbase stock and set a target price of $196 for December 2025. The analysts added that despite the third quarter performance falling short of expectations, Coinbase continues to execute its long-term plans.

JPMorgan analysts Kenneth B. Worthington, Michael Cho, Alexander Bernstein, and Madeline Daleiden wrote in a report on Friday: "Although overall performance was below expectations, Coinbase will continue to play a role in emerging areas of its business. We remain confident in the crypto ecosystem and view Coinbase as a leading intermediary, thus we maintain a neutral rating and a target price of $196 for December 2025."