Citibank significantly lowers Coinbase's target price to $400, maintains a buy rating

SmartContractAuditor · 2026-02-06T14:16:21+00:00

Citigroup has lowered its target price for Coinbase stock from $505 to $400 due to declining risk appetite and trading volume in the crypto market. Although the stock has fallen 65%, the new target price still has the potential to double. Citigroup maintains a "Buy/High Risk" rating, believing the company will benefit in the long term from an improved regulatory framework.

SmartContractAuditor

2026-02-06 14:16:21

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Odaily Planet Daily reports that Citigroup has significantly lowered its target price for Coinbase stock from $505 to $400, mainly due to decreased risk appetite in the crypto market, weakening trading volume, reduced institutional trading activity, and uncertainty regarding the progress of legislative developments in the U.S. crypto market structure. Currently, Coinbase’s stock price has retreated about 65% from the previous high of approximately $450, but the latest target price still offers more than double the current closing price of around $146. However, Citigroup maintains a “Buy/High Risk” rating on Coinbase and believes the company remains a industry leader, with long-term potential to benefit from the improvement of the U.S. crypto regulatory framework. (CoinDesk)

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