TechFlow News, May 13: According to The Block, despite Coinbase’s weak Q1 2026 financial results, Benchmark reaffirmed its “Buy” rating on the stock and raised its price target from $260 to $270. The earnings report showed that Coinbase posted a net loss of $394 million for the quarter, with revenue of $755.8 million—below market expectations. Benchmark stated that Coinbase is transitioning from a crypto brokerage platform dependent on market cycles to a provider of onchain economic infrastructure. The report also noted that Coinbase’s global crypto trading volume share rose to a record high of 8.6%, its platform assets totaled approximately $294 billion, and it achieved net inflows for 12 consecutive quarters. Benchmark, Rosenblatt Securities, and Bernstein all maintained their “Buy” ratings.
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