Coinbase Draws Mixed Reviews From Wall Street After Q1 Earnings Miss, Deribit Acquisition

Wall Street analysts passed mixed judgement on Coinbase (COIN) after its first-quarter earnings miss and a $2.9 billion acquisition, with some downgrading near-term forecasts and others pointing to long-term strategic wins.“Q1 results came in a bit below expectations, and forward-looking guidance for [subscription and service] revenues and April [transaction] volumes were impacted by softer crypto markets and mix/rebates," Barclay’s Benjamin Buddish, who maintained an “equal weight” rating, wrote in a report. "Otherwise, COIN saw nice trading share gains in both spot and futures in Q1, and remains quite optimistic source: https://www.coindesk.com/markets/2025/05/09/coinbase-draws-mixed-reviews-from-wall-street-after-q1-earnings-miss-deribit-acquisition