Coinbase Global (NASDAQ:COIN) Price Target Cut to $145.00 by Analysts at Mizuho

Key Points

• Mizuho lowered Coinbase Global’s price target to $145 from $155 and maintained a “neutral” rating, implying roughly 9.7% downside from the cited share price.
• Analyst opinion remains mixed: Coinbase has a consensus “Hold” rating and a $219.60 target, with 20 Buy, 13 Hold, and 3 Sell ratings.
• Coinbase’s latest reported quarter missed expectations, with an adjusted loss of $1.36 per share and revenue of $1.22 billion, while revenue declined 18.5% year over year.

Coinbase Global (NASDAQ:COIN - Get Free Report) had its price objective lowered by stock analysts at Mizuho from $155.00 to $145.00 in a note issued to investors on Friday, Benzinga reports. The brokerage presently has a "neutral" rating on the cryptocurrency exchange's stock. Mizuho's price objective points to a potential downside of 9.71% from the company's current price.

A number of other research firms also recently issued reports on COIN. Citigroup restated a "market outperform" rating on shares of Coinbase Global in a research report on Friday. Weiss Ratings raised shares of Coinbase Global from a "sell (d)" rating to a "sell (d+)" rating in a research note on Thursday, October 8th. BTIG Research reissued a "buy" rating and set a $240.00 price target on shares of Coinbase Global in a research note on Friday. Benchmark cut their price objective on shares of Coinbase Global from $270.00 to $230.00 and set a "buy" rating on the stock in a report on Friday, July 31st. Finally, Wolfe Research set a $325.00 target price on shares of Coinbase Global in a report on Thursday, July 9th. Twenty equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $219.60.

Coinbase Global Trading Down 1.1%

COIN stock opened at $160.59 on Friday. The company has a quick ratio of 2.42, a current ratio of 2.42 and a debt-to-equity ratio of 0.45. Coinbase Global has a twelve month low of $139.11 and a twelve month high of $361.40. The company has a market cap of $42.37 billion, a P/E ratio of -41.82 and a beta of 3.41. The business has a fifty day moving average of $180.32 and a 200-day moving average of $179.32.

Coinbase Global (NASDAQ:COIN - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The cryptocurrency exchange reported ($1.36) EPS for the quarter, missing analysts' consensus estimates of ($0.44) by ($0.92). The firm had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.29 billion. Coinbase Global had a positive return on equity of 3.12% and a negative net margin of 15.72%. Coinbase Global's revenue for the quarter was down 18.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $5.14 earnings per share. As a group, equities research analysts expect that Coinbase Global will post -0.47 EPS for the current year.

Insider Activity

In other Coinbase Global news, Director Marc Andreessen sold 13,676 shares of the company's stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $186.18, for a total value of $2,546,197.68. Following the completion of the sale, the director owned 1,115,810 shares of the company's stock, valued at approximately $207,741,505.80. This represents a 1.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Frederick Wilson sold 35,068 shares of the stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $144.32, for a total transaction of $5,061,013.76. The disclosure for this sale is available in the SEC filing. 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 ninety days. Company insiders own 16.66% of the company's stock.

Institutional Investors Weigh In On Coinbase Global

Several large investors have recently modified their holdings of the business. Fulton Bank N.A. boosted its holdings in shares of Coinbase Global by 1.1% in the first quarter. Fulton Bank N.A. now owns 4,942 shares of the cryptocurrency exchange's stock valued at $863,000 after buying an additional 53 shares during the period. Wealthcare Advisory Partners LLC raised its stake in shares of Coinbase Global by 2.1% in the 2nd quarter. Wealthcare Advisory Partners LLC now owns 3,381 shares of the cryptocurrency exchange's stock valued at $494,000 after purchasing an additional 69 shares during the period. Aspen Grove Capital LLC lifted its holdings in shares of Coinbase Global by 2.1% in the first quarter. Aspen Grove Capital LLC now owns 3,439 shares of the cryptocurrency exchange's stock valued at $600,000 after purchasing an additional 71 shares in the last quarter. Sage Rhino Capital LLC lifted its holdings in shares of Coinbase Global by 0.4% in the first quarter. Sage Rhino Capital LLC now owns 17,059 shares of the cryptocurrency exchange's stock valued at $2,979,000 after purchasing an additional 74 shares in the last quarter. Finally, Physician Wealth Advisors Inc. boosted its position in shares of Coinbase Global by 53.7% during the third quarter. Physician Wealth Advisors Inc. now owns 229 shares of the cryptocurrency exchange's stock worth $43,000 after buying an additional 80 shares during the period. 68.84% of the stock is currently owned by institutional investors.

More Coinbase Global News

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

• Positive Sentiment: Coinbase reported third-quarter net income of approximately $719 million, or $2.51 diluted EPS, reversing a mult quarter losing streak and exceeding analysts’ expectations. Operating expenses fell 13% sequentially, helping profitability. Coinbase Q3 earnings
• Positive Sentiment: Prediction markets surpassed $200 million in annualized revenue, Coinbase One subscribers reached a record, and subscription and services revenue increased 3% sequentially to $570.2 million. These trends support management’s strategy of diversifying beyond spot-crypto trading. Prediction markets growth
• Positive Sentiment: Coinbase added Ripple’s RLUSD stablecoin across its retail, exchange and institutional platforms, potentially increasing stablecoin-related activity and revenue. It also applied for authorization under Brazil’s new crypto rules and expects no service disruption while its application is reviewed. RLUSD availability
• Positive Sentiment: Rosenblatt Securities reaffirmed its “buy” rating and assigned a $200 price target, implying considerable upside from the reference price. Rosenblatt rating
• Neutral Sentiment: Coinbase CEO Brian Armstrong said quantum computing represents a more serious long-term cryptocurrency security threat than artificial intelligence. He characterized the issue as a matter of “when, not if,” though it is not an immediate earnings driver. Armstrong on quantum computing
• Negative Sentiment: Revenue was about $1.216 billion, down roughly 35% from a year earlier. Transaction revenue was approximately $590 million, while fourth-quarter subscription and services guidance of $550 million to $630 million suggests limited near-term acceleration. Coinbase profit composition
• Negative Sentiment: Approximately $715 million of the quarterly profit came from gains on Coinbase’s cryptocurrency holdings, making the headline earnings figure less representative of recurring operating performance. Coinbase crypto gains
• Negative Sentiment: A security incident at analytics vendor Amplitude exposed contact information for a small subset of customers. Coinbase said its systems and customer funds were not compromised, but the incident could increase reputational and fraud concerns. Customer contact-data incident
• Negative Sentiment: Reported insider activity has been overwhelmingly selling, including planned sales by senior executives and founders, which may weigh on sentiment despite not changing the company’s fundamentals directly.

About Coinbase Global

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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