Coinbase reported revenue of $1.22 billion in Q2 2026, missing the analyst forecast of $1.284 billion, representing a 14% quarterly and 19% yearly decline. The stock fell 7.6% over the week following this announcement. Despite this, Ark Invest purchased an additional $8 million of COIN shares on August 3rd, bringing its total holdings to $324.2 million, representing 2.7% of its total exposure. Approximately 18 analysts, including those from Cantor Fitzgerald, Goldman Sachs and Mizuho, maintain an overweight rating with a consensus target price of $215, implying 46% upside potential from the current share price.
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