12:04 PM EDT, 08/01/2025 (MT Newswires) -- Coinbase (COIN) shares were falling past 15% in recent Friday trading after several analysts cut their price targets on the stock following its Q2 results that missed market expectations.

Late Thursday, the company reported Q2 adjusted EPS of $0.12 on revenue of $1.5 billion. Analysts expected $1.25 and $1.59 billion, respectively, in a Factset poll.

After the results, Jefferies cut its price target on the stock to $375 from $405, JPMorgan to $342 from $404, Oppenheimer to $413 from $417, China Renaissance to $481 from $483.10, and Barclays to $352 from $359.

Oppenheimer said in a note the quarter was weak as expected amid weak Q2 trading volume. It kept its outperform rating.

"Selloff presents an attractive buying opportunity," the note said.

It pointed to factors like an improvement in Q3 trading volume, solid July trading revenue, as well as a strong balance sheet to back organic and inorganic growth.

Price: 320.10, Change: -57.66, Percent Change: -15.26