Coinbase Global (NASDAQ:COIN) Stock Keeps Buy Rating at Rosenblatt Securities

Key Points

• Rosenblatt Securities reiterated its “buy” rating on Coinbase Global and maintained a $200 price target, implying approximately 23.2% upside from the prior close.
• Analyst sentiment is mixed overall: 20 analysts rate Coinbase a Buy, 13 a Hold and three a Sell, producing a consensus rating of “Hold” and an average price target of $220.91.
• Coinbase’s latest quarter fell short of expectations, with a $1.36 per-share loss versus a $0.44 expected loss and revenue of $1.22 billion versus $1.29 billion expected; revenue declined 18.5% year over year.

Coinbase Global (NASDAQ:COIN - Get Free Report)'s stock had its "buy" rating reiterated by analysts at Rosenblatt Securities in a report released on Thursday, Benzinga reports. They presently have a $200.00 target price on the cryptocurrency exchange's stock. Rosenblatt Securities's price objective would suggest a potential upside of 23.21% from the stock's previous close.

Other equities research analysts have also recently issued reports about the company. Benchmark dropped their target price on Coinbase Global from $270.00 to $230.00 and set a "buy" rating for the company in a report on Friday, July 31st. Citigroup raised their price target on Coinbase Global from $210.00 to $230.00 and gave the stock a "buy" rating in a research report on Tuesday, October 13th. Sanford C. Bernstein reaffirmed an "outperform" rating and issued a $330.00 price target on shares of Coinbase Global in a research note on Friday, July 31st. Bank of America reiterated a "buy" rating on shares of Coinbase Global in a research report on Monday, October 5th. Finally, Raymond James Financial assumed coverage on Coinbase Global in a research note on Wednesday, July 22nd. They set a "market perform" rating for the company. Twenty analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $220.91.

Coinbase Global Stock Up 0.8%

COIN opened at $162.32 on Thursday. The business's fifty day simple moving average is $180.31 and its 200 day simple moving average is $179.72. Coinbase Global has a 52 week low of $139.11 and a 52 week high of $361.40. The company has a quick ratio of 2.42, a current ratio of 2.42 and a debt-to-equity ratio of 0.45. The stock has a market cap of $42.83 billion, a PE ratio of -42.27 and a beta of 3.41.

Coinbase Global (NASDAQ:COIN - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The cryptocurrency exchange reported ($1.36) earnings per share for the quarter, missing analysts' consensus estimates of ($0.44) by ($0.92). The business had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.29 billion. Coinbase Global had a positive return on equity of 3.12% and a negative net margin of 15.72%. The company's revenue was down 18.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $5.14 earnings per share. As a group, research analysts expect that Coinbase Global will post -0.45 earnings per share for the current fiscal year.

Insider Buying and Selling at Coinbase Global

In other Coinbase Global news, CAO Jennifer Jones sold 2,062 shares of the firm's stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $188.75, for a total transaction of $389,202.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Frederick Wilson sold 35,068 shares of the firm's stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $144.32, for a total value of $5,061,013.76. 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 127,188 shares of company stock valued at $23,029,558 in the last quarter. 16.66% of the stock is owned by insiders.

Hedge Funds Weigh In On Coinbase Global

Several hedge funds and other institutional investors have recently bought and sold shares of COIN. Bank of New York Mellon Corp bought a new stake in shares of Coinbase Global during the 2nd quarter valued at $142,995,000. Southpoint Capital Advisors LP purchased a new position in shares of Coinbase Global during the 1st quarter valued at $104,766,000. National Pension Service boosted its holdings in Coinbase Global by 117.1% in the 2nd quarter. National Pension Service now owns 641,518 shares of the cryptocurrency exchange's stock worth $93,784,000 after buying an additional 346,045 shares during the period. Assenagon Asset Management S.A. boosted its holdings in Coinbase Global by 103.2% in the 3rd quarter. Assenagon Asset Management S.A. now owns 314,338 shares of the cryptocurrency exchange's stock worth $58,889,000 after buying an additional 159,636 shares during the period. Finally, California State Teachers Retirement System increased its stake in Coinbase Global by 1.8% in the 1st quarter. California State Teachers Retirement System now owns 324,386 shares of the cryptocurrency exchange's stock worth $56,641,000 after buying an additional 5,758 shares in the last quarter. Institutional investors own 68.84% of the company's stock.

Trending Headlines about Coinbase Global

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

• Positive Sentiment: Coinbase is expanding its stablecoin business. Ripple’s RLUSD is now available across Coinbase’s retail, exchange and institutional platforms, including Base, Ethereum and the XRP Ledger. The move could increase trading activity, custody demand and fee revenue. Coinbase Adds Ripple’s RLUSD Stablecoin
• Positive Sentiment: USDC adoption is also a key growth narrative. Reported balances have reached approximately $20 billion, while banking and payments partnerships—including a new arrangement with Thunes—could support more recurring, non-trading revenue. Growing Stablecoin Adoption
• Positive Sentiment: New offerings—including fixed-rate Bitcoin-backed loans, derivatives, prediction markets, tokenized stocks and expanded asset listings—could diversify Coinbase beyond spot crypto trading and create additional long-term revenue opportunities. Fixed-Rate Bitcoin-Backed Loans

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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