In January, crypto-related stocks like Coinbase (COIN) faced declines as Bitcoin prices dropped. Coinbase’s stock fell 32%. Market uncertainty also impacted tech and fintech stocks. Coinbase prepares to release its Q4 2025 results on Feb. 12, a crucial event for investors. The company’s growth depends on crypto market performance.

Coinbase, the largest U.S. cryptocurrency exchange with a $43 billion market cap, offers trading, staking, and custody services. It joined the S&P 500 in 2025. Despite recent stock declines, Coinbase provides trusted services for millions of users and trillions of assets. Valuation metrics suggest Coinbase may be undervalued compared to peers.

Analysts expect Coinbase’s Q4 revenue to drop about 20% YoY to $1.84 billion. In Q3, management forecasted lower volume, impacting revenue and expenses. Investor focus is on management’s guidance in the upcoming earnings call. Growth in new services like USDC stablecoin balances and staking could offset declines in spot trading.

Coinbase made several announcements in 2025, introducing new products like a stock-trading service and prediction-markets platform. The company also acquired The Clearing Company, its 10th acquisition in the year. These moves aim to expand Coinbase’s services beyond crypto and drive new sources of revenue.

CEO Brian Armstrong criticized U.S. crypto regulation attempts. Analysts have mixed views on Coinbase, with a consensus of a “Moderate Buy” and an average target price of $337. Recent reports show varying price targets due to market uncertainties. Analysts highlight Coinbase’s new initiatives to drive user engagement and potentially justify a richer valuation.

Read more at Yahoo Finance: Dear Coinbase Stock Fans, Mark Your Calendars for February 12