"Piper Sandler's revised target arrives 26 days before Coinbase's Q1 2026 earnings report, expected May 11. The firm expects management to strike a positive tone on trading volume outlook, particularly in futures."
"The Iran War's continued disruption of global energy and commodities markets is pushing institutional traders toward crypto derivatives as both a hedge and a speculative vehicle."
"Coinbase has built one of the most comprehensive derivatives platforms in crypto, and geopolitical volatility is filling its order books."
"Piper flags tough year-over-year comparisons in Q2, noting that a continuation of the Iran War is the strongest counter-argument to that headwind."
Piper Sandler increased Coinbase's price target to $180 from $150 while maintaining a Neutral rating. The rise in trading volumes from the Iran War is benefiting crypto exchanges. Coinbase's stock is currently trading at $192.72, raising questions about the sustainability of this momentum. The firm anticipates a positive outlook for trading volumes in the upcoming Q1 2026 earnings report. Coinbase's robust derivatives platform positions it well to capture increased institutional trading activity, although challenges remain due to year-over-year comparisons and ongoing geopolitical tensions.
Read at 24/7 Wall St.
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