Coinbase Analysts See Green Shoots After Weak Third-Quarter Results

Coinbase Analysts See Green Shoots After Weak Third-Quarter Results
Coinbase slid as much as 10% Wednesday after reporting third-quarter revenue that fell short of expectations and weaker trading volumes than in the second quarter. Coinbase’s share decline also reflects strength heading into the earnings report amid a rise in crypto prices. The shares pared their drop to trade at $339 by publication time.Some Wall Street analysts are taking a longer-term view on the crypto exchange. That’s a stance backed up by Coinbase’s stance that cryptocurrency volatility and rising prices in recent months should feed through to an increase in transacting users and trading volumes in the fourth quarter.Still, the…