PANews reported on November 1 that according to The Block, despite Coinbase's third-quarter performance falling short of expectations, JPMorgan still maintained its neutral rating and set the target price at $196 in December 2025. Analysts pointed out that although net income was only $75 million, lower than the expected $112.2 million, Coinbase's long-term development plans in areas such as the Base network, stablecoins and wallets were well executed, and it had achieved results in reducing costs and increasing efficiency.
JPMorgan is optimistic about the prospects of the crypto ecosystem and believes that Coinbase is a leading market intermediary. In addition, Coinbase also announced a $1 billion stock repurchase plan, further demonstrating its confidence in the company's operations.
