Coinbase stock drops after hours as bitcoin heads for first annual loss since 2022
Coinbase shares dropped 2.4% to $226.14 in after-hours trading Wednesday as bitcoin headed for its first annual loss since 2022. Needham cut its Coinbase price target to $290, citing weaker crypto volumes. Bitcoin fell 0.7% to about $87,665. Other crypto-linked stocks, including Robinhood, also declined late.