Coinbase Global, Inc. (NASDAQ:COIN) Stock Has Average Price Target of $219.97 According to Brokerages

Key Points

• Analyst sentiment is mixed: Thirty-four brokerages give Coinbase an average “Hold” rating, with 19 buys, 12 holds and 3 sells. The average 12-month price target is $219.97, above the reported opening price of $195.11.
• Recent financial performance was weak: Coinbase reported a quarterly loss of $1.36 per share versus the expected $0.44 loss, revenue of $1.22 billion versus $1.29 billion expected, and an 18.5% year-over-year revenue decline.
• Expansion opportunities are offset by risks: Institutional adoption, tokenized-stock activity, Base network usage and IPO access support Coinbase’s broader “everything exchange” strategy, but the company faces rising competition, insider selling, customer-security concerns and continued earnings volatility.

Coinbase Global, Inc. (NASDAQ:COIN) has earned an average rating of "Hold" from the thirty-four brokerages that are presently covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and nineteen have issued a buy rating on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $219.97.

COIN has been the topic of a number of research analyst reports. Citizens Jmp cut their price objective on shares of Coinbase Global from $355.00 to $325.00 and set a "market outperform" rating on the stock in a report on Thursday, July 9th. Wolfe Research set a $325.00 price target on shares of Coinbase Global in a research note on Thursday, July 9th. Zacks Research raised shares of Coinbase Global from a "strong sell" rating to a "hold" rating in a research report on Wednesday, September 9th. Piper Sandler decreased their price objective on shares of Coinbase Global from $155.00 to $146.00 and set a "neutral" rating for the company in a research note on Friday, July 31st. Finally, HC Wainwright reiterated a "buy" rating and set a $265.00 target price on shares of Coinbase Global in a research report on Friday, July 31st.

Coinbase Global News Roundup

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

• Positive Sentiment: More than one-third of the world’s 20 largest banks reportedly use Coinbase infrastructure, strengthening the case for institutional demand for its custody, trading and digital-asset services. Global banks use Coinbase infrastructure
• Positive Sentiment: Coinbase’s tokenized-stock activity on Base has surpassed $1 billion in volume, while seven tokenized equities can now be used as collateral for USDC loans on Aave V4. These developments could increase transaction, lending and stablecoin activity across Coinbase’s ecosystem. Coinbase tokenized stocks exceed one billion dollars in volume
• Positive Sentiment: Coinbase customers can request shares in Oura’s IPO, expanding the company beyond crypto trading and potentially creating new customer-engagement and capital-markets revenue opportunities. Coinbase and Oura IPO access
• Positive Sentiment: Base processed roughly 7.5 million transactions in one day, supporting Coinbase’s “everything exchange” strategy, although the long-term value depends on sustained users and economic activity rather than transaction counts alone. Base transaction activity
• Neutral Sentiment: Compass Point upgraded Coinbase from “sell” to “neutral,” offering a modest improvement in analyst sentiment but not a bullish recommendation.
• Neutral Sentiment: Riot Platforms repaid its Coinbase credit facility in full. The repayment reduces Coinbase’s lending exposure, but may also limit interest income from that facility. Riot repays Coinbase credit facility
• Negative Sentiment: Directors Marc Andreessen and Alesia Haas disclosed stock sales, adding to near-term selling pressure, although at least one transaction was conducted under a pre-arranged Rule 10b5-1 plan.
• Negative Sentiment: Competition is increasing as OG.com, alongside Coinbase and other platforms, seeks approval to offer 24-hour perpetual futures on individual U.S. stocks. OG.com seeks approval for stock perpetual futures
• Negative Sentiment: Coinbase’s latest reported quarter showed a sizable EPS miss, lower-than-expected revenue and an 18.5% year-over-year revenue decline. The company also faces reputational concerns after a phishing scheme targeting approximately 100 users caused nearly $16 million in losses.

Coinbase Global Trading Down 2.1%

COIN opened at $195.11 on Friday. Coinbase Global has a one year low of $139.11 and a one year high of $402.16. The company has a market cap of $51.48 billion, a P/E ratio of -50.81 and a beta of 3.39. The company has a debt-to-equity ratio of 0.45, a quick ratio of 2.42 and a current ratio of 2.42. The business's 50-day simple moving average is $170.99 and its 200-day simple moving average is $176.25.

Coinbase Global (NASDAQ:COIN - Get Free Report) last posted its 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). The business had revenue of $1.22 billion for the quarter, compared to analysts' expectations 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 firm earned $5.14 EPS. As a group, equities research analysts expect that Coinbase Global will post -0.24 EPS for the current fiscal year.

Insider Transactions at Coinbase Global

In other Coinbase Global news, Director Marc Andreessen sold 13,676 shares of Coinbase Global stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of $181.14, for a total transaction of $2,477,270.64. Following the transaction, the director owned 1,136,324 shares of the company's stock, valued at $205,833,729.36. The trade was a 1.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Jennifer Jones sold 2,062 shares of the business'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 value of $389,202.50. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 116,674 shares of company stock worth $20,720,336. 16.66% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. QRG Capital Management Inc. raised its stake in Coinbase Global by 26.0% during the 2nd quarter. QRG Capital Management Inc. now owns 30,358 shares of the cryptocurrency exchange's stock valued at $4,605,000 after acquiring an additional 6,256 shares during the last quarter. Envestnet Portfolio Solutions Inc. increased its holdings in shares of Coinbase Global by 13.8% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 44,011 shares of the cryptocurrency exchange's stock valued at $6,586,000 after purchasing an additional 5,343 shares during the period. Sequoia Financial Advisors LLC raised its stake in shares of Coinbase Global by 185.5% during the second quarter. Sequoia Financial Advisors LLC now owns 25,507 shares of the cryptocurrency exchange's stock worth $3,729,000 after purchasing an additional 16,572 shares during the last quarter. Whetstone Capital Advisors LLC lifted its holdings in shares of Coinbase Global by 86.3% during the second quarter. Whetstone Capital Advisors LLC now owns 47,048 shares of the cryptocurrency exchange's stock worth $6,878,000 after purchasing an additional 21,788 shares during the period. Finally, National Pension Service lifted its holdings in shares of Coinbase Global by 117.1% during the second 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 during the period. 68.84% of the stock is owned by hedge funds and other institutional investors.

About Coinbase Global

Coinbase Global, Inc operates a digital asset and cryptocurrency platform serving retail users, institutions, developers and ecosystem partners. Through its exchange, customers can buy, sell, convert, store and transfer a range of cryptocurrencies and other digital assets. The company also provides an advanced trading platform for more experienced users and services designed for institutional trading and market access.

Its product offerings include custodial services, institutional prime brokerage and custody, staking services, a self-custody wallet, and tools that enable developers and businesses to build applications using blockchain networks.

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