KeyCorp analyst A. Markgraff lowered the Q4 2026 earnings per share estimate for Coinbase Global to $1.09. This revised forecast is a reduction from the previous estimate of $1.26.
The revised outlook follows a significant downturn in the broader cryptocurrency market. Major assets like Bitcoin and Ethereum saw notable price drops.
Renewed macroeconomic and geopolitical concerns drive the market-wide sell-off. Investors are moving away from riskier assets, which directly impacts Coinbase's trading volumes and profitability.
CEO Brian Armstrong offered a positive note from Davos regarding the long-term outlook. He stated a top-tier bank executive now views crypto as an "existential" priority. This suggests growing institutional adoption.