Coinbase Global (NASDAQ:COIN) Stock Price Target Raised at Needham & Company LLC

Key Points

• Needham raised Coinbase’s price target from $200 to $205 and maintained a “buy” rating, implying nearly 20% upside from the previous close.
• Analyst sentiment is mixed overall: Coinbase has an average “hold” rating and a consensus price target of $225.32, despite 20 buy ratings versus 13 holds and three sells.
• Coinbase reported weaker-than-expected quarterly results, including a $1.36 loss per share versus a $0.44 expected loss and revenue of $1.22 billion versus $1.29 billion expected; insiders also sold approximately $23 million of stock in the latest quarter.

Coinbase Global (NASDAQ:COIN - Get Free Report) had its target price boosted by stock analysts at Needham & Company LLC from $200.00 to $205.00 in a research note issued on Wednesday, Benzinga reports. The firm currently has a "buy" rating on the cryptocurrency exchange's stock. Needham & Company LLC's target price indicates a potential upside of 19.99% from the stock's previous close.

COIN has been the subject of several other reports. Sanford C. Bernstein restated an "outperform" rating and set a $330.00 target price on shares of Coinbase Global in a research report on Friday, July 31st. William Blair reaffirmed an "outperform" rating on shares of Coinbase Global in a report on Tuesday, September 22nd. Rosenblatt Securities reaffirmed a "buy" rating and issued a $240.00 price target on shares of Coinbase Global in a report on Tuesday, July 28th. Wolfe Research set a $325.00 price target on Coinbase Global in a research report on Thursday, July 9th. Finally, Robert W. Baird boosted their price objective on Coinbase Global from $130.00 to $205.00 and gave the stock a "neutral" rating in a report on Monday, September 28th. Twenty analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $225.32.

Coinbase Global Stock Up 1.4%

COIN opened at $170.85 on Wednesday. The company has a fifty day moving average price of $179.09 and a 200-day moving average price of $175.16. The firm has a market capitalization of $45.08 billion, a P/E ratio of -44.49 and a beta of 3.41. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.42 and a quick ratio of 2.42. Coinbase Global has a one year low of $139.11 and a one year high of $373.25.

Coinbase Global (NASDAQ:COIN - Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The cryptocurrency exchange reported ($1.36) earnings per share for the quarter, missing the consensus estimate of ($0.44) by ($0.92). Coinbase Global had a positive return on equity of 3.12% and a negative net margin of 15.72%. The firm had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same period in the previous year, the company posted $5.14 EPS. The company's revenue for the quarter was down 18.5% compared to the same quarter last year. Equities research analysts expect that Coinbase Global will post -0.54 earnings per share for the current fiscal year.

Insider Buying and Selling at Coinbase Global

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of COIN. Bank of New York Mellon Corp bought a new stake in Coinbase Global in the second quarter valued at $142,995,000. Southpoint Capital Advisors LP bought a new position in Coinbase Global in the 1st quarter worth $104,766,000. National Pension Service raised 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 purchasing an additional 346,045 shares in the last quarter. Assenagon Asset Management S.A. raised 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 purchasing an additional 159,636 shares in the last quarter. Finally, State of Alaska Department of Revenue lifted its position in shares of Coinbase Global by 456.7% in the 3rd quarter. State of Alaska Department of Revenue now owns 121,330 shares of the cryptocurrency exchange's stock worth $22,617,000 after purchasing an additional 99,536 shares during the period. 68.84% of the stock is owned by institutional investors.

Key Headlines Impacting Coinbase Global

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

• Positive Sentiment: Mastercard partnership expands real-world use cases: Mastercard is opening its AI-agent payments system to developers after pilots involving Coinbase, Base and Cloudflare. The initiative uses stablecoins and blockchain technology to allow software agents to make autonomous purchases, potentially increasing transaction activity across Coinbase’s ecosystem. Mastercard Begins Rolling Out AI Agent Payments Service With Coinbase, Base
• Positive Sentiment: Stablecoin adoption and payment connectivity are accelerating: Coinbase-linked research found stablecoin transfers reached $891 billion in the third quarter, with 73% occurring outside U.S. banking hours. Separately, Coinbase partnered with Thunes to connect stablecoin payouts to billions of bank accounts and mobile wallets across as many as 140 countries. These developments support Coinbase’s strategy of becoming payments and financial infrastructure beyond retail crypto trading. Stablecoin transfers quadruple to $891B as US banks expand adoption: Report Coinbase partners with Thunes to expand stablecoin payments
• Neutral Sentiment: U.S. regulatory changes could create both costs and opportunities: Proposed CFTC rules would require federal registration for venues offering leveraged or margin crypto products, while new stablecoin regulations are also under consideration. Clearer rules could benefit Coinbase’s compliance-focused platform, but registration requirements may increase costs and constrain some products. What Could Coinbase Global New Crypto Rules Mean For Stock Investors?
• Negative Sentiment: Kazakhstan is restricting Coinbase access: A local court ordered app-store and service restrictions on Coinbase and several other crypto platforms for allegedly operating without authorization. The action limits Coinbase’s addressable market in Kazakhstan and highlights continuing licensing and regulatory risks internationally. Kazakhstan court orders curbs on Coinbase, BingX and four others
• Negative Sentiment: Competitive and revenue-mix concerns remain: Commentary favoring Robinhood over Coinbase points to Robinhood’s faster multi-asset and subscription growth. Other coverage notes Coinbase’s retail revenue fell 31%, reinforcing concerns that the company is increasingly dependent on institutional, stablecoin and infrastructure businesses. Why Robinhood is a Better Buy Than Coinbase Today

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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