Coinbase (COIN) stock is feeling the heat with downward EPS revisions from Argus Research, leading to a 31% reduction in the 2026 EPS estimate. The company is argued to be overvalued compared to peers, relying on a volatile asset class for earnings. Despite beating Q3 earnings expectations, increasing expenses and competition are driving negative sentiment. Analysts offer a mixed view, with a mean price target of $389 representing a 53% upside potential. The stock has lost 13.36% value in the last year and trades at a 2026 P/E ratio of 31.56x, higher than some peers but at a discount to its historic average.

Read more at Barchart: Argus Just Slashed Its Earnings Estimates for Coinbase. Should You Dump COIN Stock Here?