Don't Buy Coinbase Before Earnings - Here's Why
In a Nutshell
Don't buy Coinbase before earnings due to its pattern of lower highs/lower lows, historical EPS/revenue misses (e.g., 37% EPS miss last quarter), and 26.6% downside to $145 fair value amid overbought markets and lagging performance versus NASDAQ/S&P 500 highs. Competitor Robinhood sold off post-earnings, signaling risk, while Coinbase is no longer a reliable Bitcoin proxy. Speaker shares profitable shorts on AMD ($3,200) and SNDQ ($2,800), with live earnings stream if video hits 500 likes.
These notes were generated by AI and may contain inaccuracies.
Several companies report earnings tomorrow, including Coinbase. After dropping from $440 per share to sub-$200, is Coinbase a good buy before earnings? No.
Robinhood (Hood), a competitor in a similar space, reported earnings and sold off. Wall Street disliked the results; it went from highs of $82 to lows sub-$70. Coinbase went from lows of $177 to previous highs of $215, now forming lower highs and lower lows in the middle ground.
Using Investing Pro software (first link in description), last earnings missed EPS by 37% and revenue by 3.8%. Market reacted positively then due to irrational conditions. Now markets do not favor such misses amid uncertain consumer sentiment for 2026. Fair value analysts show 26.6% downside potential to $145 fair value. Stock consistently forms lower highs and lower lows; staying out saves money. Not on an upswing yet.
Markets overbought; Coinbase lags while everything pushes higher. Tomorrow after close: Coinbase, Open, Irene, CoreWeave, speculative stocks like Soundhound report. If buying for long-term despite potential sell-off, that's fine. But in uncertain times, Coinbase crashes. Struggling now despite NASDAQ and S&P 500 at all-time highs. No longer a Bitcoin proxy.
Sign in to read the full notes
Get access to AI-generated notes, topic timestamps, and more.