Analysts keep Outperform on Coinbase despite 30% share drop, cut EPS by 34%

Coinbase shares have fallen 30%, prompting William Blair to slash its earnings-per-share estimates by 34%, yet the firm held its Outperform rating on the stock. Analysts argue that Bitcoin's price chart may already be signalling the answer to the broader market question. The consensus view is that the drop does not fundamentally alter Coinbase's long-term outlook.