Barclays Issues Pessimistic Forecast for Coinbase Global (NASDAQ:COIN) Stock Price

Key Points

• Barclays lowered its Coinbase price target from $149 to $120 and maintained an “underweight” rating, implying approximately 15% downside from the stock’s prior close.
• Analyst sentiment is mixed: Coinbase has an overall “Hold” rating and an average price target of $218.44, based on 20 Buy, 13 Hold, and 3 Sell ratings.
• Shares fell to $141.17, while the company’s latest quarter missed earnings and revenue expectations; insiders have also sold more than $23 million worth of stock over the past quarter.

Coinbase Global (NASDAQ:COIN - Get Free Report) had its target price lowered by investment analysts at Barclays from $149.00 to $120.00 in a report issued on Friday, Benzinga reports. The brokerage currently has an "underweight" rating on the cryptocurrency exchange's stock. Barclays's price objective would indicate a potential downside of 15.00% from the stock's previous close.

Other research analysts have also issued reports about the company. Raymond James Financial initiated coverage on Coinbase Global in a report on Wednesday, July 22nd. They set a "market perform" rating on the stock. Oppenheimer decreased their price target on Coinbase Global from $209.00 to $193.00 and set an "outperform" rating for the company in a research note on Friday, July 31st. Compass Point reissued a "neutral" rating and set a $187.00 price objective on shares of Coinbase Global in a report on Friday, October 9th. Zacks Research upgraded shares of Coinbase Global from a "strong sell" rating to a "hold" rating in a research report on Wednesday, September 9th. Finally, Argus reiterated a "hold" rating on shares of Coinbase Global in a research report on Wednesday, August 26th. Twenty equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and three have given a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $218.44.

Coinbase Global Stock Performance

Shares of NASDAQ COIN traded down $19.42 during midday trading on Friday, hitting $141.17. The company's stock had a trading volume of 3,629,913 shares, compared to its average volume of 9,960,049. The company has a debt-to-equity ratio of 0.45, a quick ratio of 2.42 and a current ratio of 2.42. The firm's fifty day moving average price is $180.32 and its 200-day moving average price is $179.32. Coinbase Global has a 1-year low of $138.71 and a 1-year high of $361.40. The firm has a market cap of $37.25 billion, a P/E ratio of -37.09 and a beta of 3.41.

Coinbase Global (NASDAQ:COIN - Get Free Report) last posted its earnings results on Thursday, July 30th. The cryptocurrency exchange reported ($1.36) EPS for the quarter, missing the consensus estimate of ($0.44) by ($0.92). The company had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.29 billion. Coinbase Global had a negative net margin of 15.72% and a positive return on equity of 3.12%. The firm's revenue for the quarter was down 18.5% compared to the same quarter last year. During the same period last year, the company posted $5.14 earnings per share. On average, sell-side analysts forecast that Coinbase Global will post -0.47 EPS for the current fiscal year.

Insider Activity at Coinbase Global

In other news, Director Marc L. Andreessen sold 13,676 shares of the company's stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $186.18, for a total transaction of $2,546,197.68. Following the completion of the sale, the director directly owned 1,115,810 shares in the company, valued at approximately $207,741,505.80. This represents a 1.21% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Alesia J. Haas sold 39,030 shares of the firm's stock in a transaction on Monday, September 21st. The shares were sold at an average price of $205.24, for a total value of $8,010,517.20. Following the completion of the sale, the chief financial officer directly owned 345,376 shares in the company, valued at approximately $70,884,970.24. This represents a 10.15% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 127,188 shares of company stock worth $23,029,558 in the last quarter. Corporate insiders own 16.66% of the company's stock.

Hedge Funds Weigh In On Coinbase Global

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. NBT Bank N.A. bought a new position in Coinbase Global during the 3rd quarter worth approximately $28,000. Glen Eagle Advisors LLC lifted its stake in shares of Coinbase Global by 101.1% in the first quarter. Glen Eagle Advisors LLC now owns 175 shares of the cryptocurrency exchange's stock valued at $31,000 after buying an additional 88 shares in the last quarter. Archer Investment Corp lifted its holdings in shares of Coinbase Global by 546.4% in the first quarter. Archer Investment Corp now owns 181 shares of the cryptocurrency exchange's stock valued at $32,000 after purchasing an additional 153 shares in the last quarter. Root Financial Partners LLC bought a new position in Coinbase Global during the 3rd quarter valued at $37,000. Finally, Kings Path Partners LLC purchased a new stake in shares of Coinbase Global in the third quarter valued at about $37,000. 68.84% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about Coinbase Global

Here are the key news stories impacting Coinbase Global this week:

• Positive Sentiment: Q3 profit exceeded expectations. Coinbase reported approximately $719 million in net income, or $2.51 diluted EPS, compared with analyst expectations for a loss. Operating expenses fell 13% sequentially, helping the company end a three-quarter losing streak. Reuters earnings report
• Positive Sentiment: Subscription and newer businesses are expanding. Subscription and services revenue rose 3% sequentially to $570.2 million, representing nearly half of revenue. Prediction markets surpassed a $200 million annualized revenue run rate, while Coinbase One subscribers reached a record. The company is also projecting $550 million to $630 million of subscription and services revenue for Q4.
• Positive Sentiment: Analyst sentiment is broadly constructive. HC Wainwright and BTIG reaffirmed “buy” ratings with $240 targets, Cantor maintained “overweight” with a $212 target, and Needham kept a “buy” rating despite reducing its target to $197. Coinbase could also attract customers after the reported $6.3 billion Binance hack raises trust concerns around competing exchanges. Binance hack and Coinbase opportunity
• Neutral Sentiment: Coinbase is pursuing international and product expansion. It applied for a Brazilian crypto-services license ahead of new regulations and added Ripple’s RLUSD stablecoin to its retail, exchange and institutional platforms. These moves may support future trading and stablecoin activity, although regulatory approval remains pending.
• Negative Sentiment: Earnings quality and market conditions remain concerns. Revenue was about $1.22 billion, down roughly 35% year over year, while a $715 million gain on Coinbase’s crypto holdings generated nearly all of the reported profit. Total blockchain revenue is projected to decline 28% in 2026 alongside a roughly 30% drop in crypto prices. Coinbase profit quality analysis
• Negative Sentiment: Security and valuation risks persist. A breach at analytics vendor Amplitude exposed contact information for a subset of customers, although Coinbase says its systems and customer funds were not affected. Mizuho lowered its target to $145 and retained a neutral rating. Insiders have also reported selling shares without purchases in recent months.

Coinbase Global Company Profile

Coinbase Global, Inc operates a digital-asset financial infrastructure and technology platform. Through its Coinbase platform, the company enables individuals and institutions to buy, sell, store, transfer and use cryptocurrencies and other digital assets. Its services are designed to support both retail customers and institutional participants in the digital-asset economy.

The company offers cryptocurrency trading, custody and staking services, as well as subscription products and institutional solutions.

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