The Block reports that Coinbase's second-quarter earnings miss prompted Wall Street analysts to lower their price targets on the company. Analysts remain divided on whether Coinbase can achieve growth beyond its core crypto trading business.
Coinbase leaning harder into non-trading revenue (staking, custody, its L2 and payments rails) is the part builders should track, since that's where APIs and distribution for consumer apps live. If trading fees stay volatile, expect them to push subscription and infrastructure products more aggressively, which could mean better tooling but also more platform dependency. Worth checking whether their Base-related roadmap gets more or less investment as analysts pressure them on diversification.
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