Coinbase stock falls as Baird flags weak trading v
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Coinbase stock falls as Baird flags weak trading volumes and valuation risks
Shares of Coinbase Global COIN moved lower on Friday after Baird reiterated its Neutral rating on the cryptocurrency exchange operator but lowered its price target, warning that weak trading activity could continue to weigh on the business.
Coinbase stock fell nearly 7% in trading to around $152.
The shares have struggled throughout 2026, declining roughly 34% since the start of the year as cryptocurrency prices have remained near their 52-week lows.
Baird also named Coinbase a "Bearish Fresh Pick," citing concerns that soft trading volumes may persist for an extended period and could lead to disappointing second-quarter results.
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