William Blair Cuts Coinbase 2026-2027 Revenue by 12% and 13%, Maintains Outperform Rating

COIN3.53%
According to William Blair on Wednesday, Coinbase revenue guidance for 2026 and 2027 was cut by 12% and 13% respectively, with adjusted EBITDA forecasts for both years reduced by 34%, while maintaining an "outperform" rating. The firm projects Coinbase's trading volume will decline approximately 44% to $669 billion in 2026, rebounding over 32% in 2027, with profitability expected to bottom in the second half of 2026 before recovering in 2027. Coinbase shares rose 3–4% on Wednesday.
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