Barclays lowered its price target for Coinbase stock to $291.

According to Odaily, Barclays has lowered its price target for Coinbase from $357 to $291, but maintained a "neutral" rating. In a broader update to its outlook for brokerages, asset managers, and exchanges in 2026, the bank noted a favorable market environment, particularly for alternative asset managers and wealth brokers. However, the bank believes the future environment for exchanges and traditional asset managers will be more complex.