Citigroup cuts Coinbase price target to $235 from $400
The revised target marks a sharp reduction in Citigroup’s view on the crypto exchange operator’s stock, though no rationale or rating change was provided in the report excerpt.
Fact Check
Both CoinNess and Odaily independently report the identical figures ($235 from $400) for Citigroup's Coinbase price target on the same date (July 23, 2026), matching the claim exactly. No conflicting reports were found. The evidence comes from crypto news aggregators rather than a directly accessible primary Citigroup research note, which caps confidence at medium, but the cross-source consistency strongly supports the claim.
Summary
Citigroup lowered its price target for Coinbase to $235 from $400, signaling a materially more cautious valuation stance on the crypto exchange operator. The report excerpt did not include the bank’s reasoning or indicate whether its broader recommendation on the stock changed.
Terms & Concepts
- price target: Analyst estimate of a stock’s future value
- Coinbase: A publicly traded crypto exchange operator