Coinbase Global (NASDAQ:COIN) Stock Price Target Cut by Keefe, Bruyette & Woods

Key Points

• Keefe, Bruyette & Woods cut Coinbase’s price target from $237 to $221 but maintained an “outperform” rating, implying roughly 60% upside from the prior close. The broader analyst consensus remains “Hold,” with an average target of $210.97.
• Coinbase shares opened at $137.83, down 4%, and remain well below their 52-week high of $342.80. The stock’s performance reflects concerns about declining spot-trading activity, weaker revenue and continued exposure to volatile cryptocurrency markets.
• Analyst views remain mixed: 20 firms rate Coinbase a Buy, 12 a Hold and four a Sell. Insider selling totaled about $18 million over the last quarter, while institutional investors own approximately 68.84% of the company.

Coinbase Global (NASDAQ:COIN - Get Free Report) had its target price reduced by equities research analysts at Keefe, Bruyette & Woods from $237.00 to $221.00 in a research note issued to investors on Tuesday, Benzinga reports. The firm presently has an "outperform" rating on the cryptocurrency exchange's stock. Keefe, Bruyette & Woods's price target points to a potential upside of 60.34% from the stock's previous close.

Several other brokerages have also recently weighed in on COIN. Zacks Research raised shares of Coinbase Global from a "strong sell" rating to a "hold" rating in a research report on Wednesday, September 9th. Wall Street Zen upgraded Coinbase Global from a "strong sell" rating to a "sell" rating in a research note on Saturday. Oppenheimer decreased their price objective on Coinbase Global from $209.00 to $193.00 and set an "outperform" rating for the company in a report on Friday, July 31st. HC Wainwright restated a "buy" rating and issued a $240.00 target price on shares of Coinbase Global in a report on Friday. Finally, Benchmark cut their target price on Coinbase Global from $270.00 to $230.00 and set a "buy" rating on the stock in a research report on Friday, July 31st. Twenty research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $210.97.

Coinbase Global Stock Down 4.0%

Shares of NASDAQ COIN opened at $137.83 on Tuesday. The stock has a market capitalization of $36.36 billion, a P/E ratio of -48.70 and a beta of 3.41. The company has a 50-day moving average price of $178.77 and a 200-day moving average price of $178.24. Coinbase Global has a 1 year low of $135.46 and a 1 year high of $342.80. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.42 and a quick ratio of 2.42.

Insider Activity

In other news, Director Marc L. Andreessen sold 6,838 shares of the business's stock in a transaction that occurred on Friday, October 2nd. The stock was sold at an average price of $198.00, for a total value of $1,353,924.00. Following the transaction, the director owned 1,108,972 shares in the company, valued at $219,576,456. The trade was a 0.61% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Jennifer N. Jones sold 2,062 shares of the business's stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $188.75, for a total value of $389,202.50. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 92,120 shares of company stock valued at $17,968,544. 16.66% of the stock is currently owned by company insiders.

Institutional Trading of Coinbase Global

A number of hedge funds have recently bought and sold shares of COIN. CenterBook Partners LP purchased a new position in Coinbase Global in the 3rd quarter worth approximately $344,000. Alta Advisers Ltd bought a new position in shares of Coinbase Global in the 3rd quarter worth $309,000. Kestra Private Wealth Services LLC raised its position in shares of Coinbase Global by 10.1% during the 3rd quarter. Kestra Private Wealth Services LLC now owns 23,329 shares of the cryptocurrency exchange's stock valued at $4,349,000 after buying an additional 2,149 shares in the last quarter. Chicago Partners Investment Group LLC raised its position in shares of Coinbase Global by 17.4% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 3,819 shares of the cryptocurrency exchange's stock valued at $628,000 after buying an additional 565 shares in the last quarter. Finally, Rakuten Investment Management Inc. lifted its holdings in shares of Coinbase Global by 9.7% during the 3rd quarter. Rakuten Investment Management Inc. now owns 39,243 shares of the cryptocurrency exchange's stock worth $7,457,000 after acquiring an additional 3,469 shares during the last quarter. 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: ARK Invest bought approximately $3.56 million of Coinbase shares after the post-earnings decline. The purchase may provide some support and signals that Cathie Wood views the selloff as a buying opportunity. Cathie Wood Buys $3.6M of Coinbase Stock
• Positive Sentiment: New Jersey rescinded a 2023 cease-and-desist order, allowing Coinbase users in the state to resume staking. The development could expand Coinbase’s staking activity and improve the regulatory outlook, although the order was withdrawn without a ruling on its merits. Coinbase New Jersey Staking Update
• Positive Sentiment: Coinbase’s third-quarter adjusted earnings of $2.51 per share topped consensus, while prediction markets, derivatives and other newer products helped offset weaker spot trading. Analysts at HC Wainwright and several other firms continue to maintain Buy or equivalent ratings.
• Neutral Sentiment: A $6.3 billion Binance hack could encourage users and institutions to favor Coinbase, but the broader security incident has increased caution across crypto markets. Coinbase also adjusted its cold-storage procedures as a precaution.
• Neutral Sentiment: CEO Brian Armstrong identified quantum computing as a major long-term threat to crypto security. The comments are not an immediate financial issue but highlight a structural risk for the industry. Coinbase CEO on Quantum Computing
• Negative Sentiment: Morgan Stanley downgraded Coinbase to Underweight and slashed its price target from $258 to $120, citing softer revenue trends, reduced trading activity, crypto-market uncertainty and a slower earnings recovery. Morgan Stanley Cuts Coinbase Target
• Negative Sentiment: HC Wainwright reduced nearly every 2027 quarterly EPS estimate and cut its FY2027 forecast to $2.81 from $4.37, though it raised its FY2026 estimate to a loss of $0.33 per share from a loss of $0.74. The revisions reinforce concerns about near-term profitability.
• Negative Sentiment: Third-quarter revenue fell about 35% year over year to roughly $1.22 billion, and spot trading volume declined sequentially. Persistent margin pressure and dependence on volatile crypto activity are weighing on the stock despite the earnings beat.

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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