Stock Movers Coinbase Falls, Spotify Climbs, Datadog Gains on Positive Earnings
Feb 10, 2026
Crypto exchange stock drops after a major bank trims its price target, citing weaker crypto prices and volumes. Music streaming soars on a record surge of 38 million new users that beat expectations. Cloud-monitoring software climbs after quarterly results topped forecasts despite a cautious full-year outlook.
AI Snips
Chapters
Transcript
Episode notes
Crypto Headwinds Hit Coinbase
- JPMorgan cut Coinbase's price target by 27% citing lower crypto prices and trading volumes. Norma Linda notes crypto volatility is weighing on Coinbase shares despite bitcoin trading around $68,000.
Spotify User Growth Surges
- Spotify added a record 38 million users, beating expectations and pushing shares up as much as 19%. Norma Linda credits the Wrapped campaign and an enhanced free tier for driving premium subscription growth.
Datadog Beats Yet Outlook Is Cautious
- Datadog beat fourth-quarter expectations, sending the stock up as much as 17% on the day. Analysts caution the full-year outlook looked conservative amid a broader sell-off in software names.