Coinbase Global (NASDAQ:COIN) Price Target Raised to $228.00 at The Goldman Sachs Group

Key Points

• Goldman Sachs raised its price target on Coinbase Global from $226 to $228 and reiterated a buy rating, implying about 28.9% upside from the prior close.
• Analyst views remain mixed overall: while some firms have cut targets, Coinbase still has 19 Buy ratings versus 10 Hold and 4 Sell, with an average analyst target of $252.10.
• COIN shares rose 1.8% to $176.85 on Thursday, but the company recently reported a wider-than-expected quarterly loss and weaker revenue, missing Wall Street estimates.

Coinbase Global (NASDAQ:COIN) had its price target hoisted by equities researchers at The Goldman Sachs Group from $226.00 to $228.00 in a research report issued on Thursday,MarketScreener reports. The brokerage presently has a "buy" rating on the cryptocurrency exchange's stock. The Goldman Sachs Group's price objective indicates a potential upside of 28.93% from the stock's previous close.

Several other equities analysts have also issued reports on the company. Piper Sandler reduced their target price on Coinbase Global from $180.00 to $170.00 and set a "neutral" rating for the company in a report on Friday, May 8th. Bank of America cut their price objective on Coinbase Global from $288.00 to $234.00 in a research report on Thursday, April 2nd. Sanford C. Bernstein reduced their price objective on Coinbase Global from $440.00 to $330.00 and set an "outperform" rating for the company in a research note on Monday, March 30th. Barclays decreased their target price on Coinbase Global from $140.00 to $107.00 and set an "underweight" rating for the company in a research report on Friday, May 8th. Finally, Benchmark lowered their target price on Coinbase Global from $267.00 to $260.00 and set a "buy" rating on the stock in a research note on Wednesday, May 6th. Nineteen equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and four have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $252.10.

Coinbase Global Stock Up 1.8%

Shares of COIN stock traded up $3.07 on Thursday, hitting $176.85. The stock had a trading volume of 2,407,408 shares, compared to its average volume of 11,359,608. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.14 and a quick ratio of 2.34. The business has a 50 day moving average of $189.42 and a 200 day moving average of $213.23. Coinbase Global has a 12-month low of $139.36 and a 12-month high of $444.64. The stock has a market cap of $46.59 billion, a price-to-earnings ratio of 66.40, a price-to-earnings-growth ratio of 6.44 and a beta of 3.38.

Coinbase Global (NASDAQ:COIN - Get Free Report) last issued its quarterly earnings data on Thursday, May 7th. The cryptocurrency exchange reported ($1.49) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.06 by ($1.55). The firm had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.49 billion. Coinbase Global had a return on equity of 4.16% and a net margin of 12.20%.The company's revenue for the quarter was down 30.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.24 earnings per share. As a group, analysts expect that Coinbase Global will post 1.72 EPS for the current year.

Insider Buying and Selling at Coinbase Global

In other news, insider Lawrence J. Brock sold 6,616 shares of the stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $189.01, for a total transaction of $1,250,490.16. Following the completion of the transaction, the insider owned 517 shares in the company, valued at approximately $97,718.17. This represents a 92.75% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, 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 10,020 shares of Coinbase Global stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $200.00, for a total value of $2,004,000.00. Following the completion of the sale, the chief financial officer directly owned 397,171 shares of the company's stock, valued at approximately $79,434,200. This trade represents a 2.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 36,606 shares of company stock valued at $7,264,410 in the last quarter. 16.66% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. REAP Financial Group LLC purchased a new stake in shares of Coinbase Global during the third quarter worth $25,000. MV Capital Management Inc. purchased a new position in shares of Coinbase Global in the fourth quarter valued at $27,000. Palisade Asset Management LLC bought a new stake in shares of Coinbase Global during the 3rd quarter valued at $29,000. Osbon Capital Management LLC purchased a new stake in Coinbase Global during the 4th quarter worth about $30,000. Finally, Glen Eagle Advisors LLC boosted its stake in Coinbase Global by 101.1% in the 1st quarter. Glen Eagle Advisors LLC now owns 175 shares of the cryptocurrency exchange's stock worth $31,000 after purchasing an additional 88 shares during the period. 68.84% of the stock is owned by institutional investors.

Key Coinbase Global News

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

• Positive Sentiment: Coinbase launched an upgraded Direct Deposit feature that lets U.S. users automatically split paychecks between cash and crypto, which could boost recurring investing activity and engagement. Coinbase Automates Crypto Investing via Upgraded Direct Deposit
• Positive Sentiment: The company expanded institutional fiat rails through a partnership with Standard Chartered, adding multi-currency funding access that should make deposits, withdrawals, and settlement easier for global clients. Coinbase, Standard Chartered Partner to Add 6 Currency Access
• Positive Sentiment: Coinbase’s Base network introduced Base MCP, a tool that connects AI agents like ChatGPT and Claude to crypto wallets, positioning the company for growth in agentic commerce and AI-linked payments. Base launches new tool to connect crypto wallets to AI agents
• Neutral Sentiment: Some market commentary suggests COIN may still be trading in a range, implying investors are waiting for stronger crypto-market momentum before re-rating the stock. Stock Of The Day: Is This The New Range For Coinbase?
• Neutral Sentiment: Reports also noted weaker Bitcoin demand and negative Coinbase Premium signals, which can weigh on trading volumes and near-term transaction revenue for Coinbase. Sell in May and Walk Away” Plays Out as Bitcoin Flashes Bearish Signals
• Negative Sentiment: Insider Lawrence J. Brock sold 6,616 shares in a pre-arranged 10b5-1 transaction, a move that may temper sentiment even though it was not necessarily tied to company fundamentals. Coinbase Global Insider Sells Stock

About Coinbase Global

Coinbase Global, Inc is a U.S.-based company that operates one of the largest cryptocurrency exchange platforms. Founded in 2012 by Brian Armstrong and Fred Ehrsam and headquartered in San Francisco, Coinbase provides technology and infrastructure to buy, sell, store and use a broad range of digital assets. The company became a public company through a direct listing on the NASDAQ in April 2021 and offers services tailored to both retail and institutional customers.

Coinbase's product portfolio includes its consumer trading platform, a self-custody mobile wallet, and institutional services such as custody, prime brokerage and execution tools.

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