KeyCorp analyst A. Markgraff reduced the Q4 2026 earnings per share (EPS) estimate for Coinbase Global, Inc. (NASDAQ:COIN). The estimate dropped from $1.26 to $1.09.
KeyCorp also projected FY2027 EPS at $6.32. This projection sits below the current consensus full-year estimate of $7.22 per share.
The report noted significant insider selling over the past three months. This selling totaled approximately $240.7 million in shares. The revision occurs amid broader discussions regarding the crypto market's health and structure moving into 2026.
Separately, Coinbase CEO Brian Armstrong stated from Davos that large financial institutions increasingly view cryptocurrency as an "existential" priority. Coinbase recently formed a board that assesses the risks of quantum computing to blockchain technology.