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Lowest-Rated StocksLowest-Rated
NASDAQ:COIN

Coinbase Global (COIN) Stock Forecast, Price & News

$53.28
-1.62 (-2.95%)
(As of 06/9/2023 ET)
Compare
Today's Range
$52.49
▼
$57.42
50-Day Range
$48.49
▼
$70.19
52-Week Range
$31.55
▼
$116.30
Volume
14.37 million shs
Average Volume
17.80 million shs
Market Capitalization
$12.50 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$61.48
ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial Media

Coinbase Global MarketRank™ Forecast

Analyst Rating
Hold
2.12 Rating Score
Upside/​Downside
15.3% Upside
$61.48 Price Target
Short Interest
Bearish
23.38% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
-0.07mentions of Coinbase Global in the last 14 days
Based on 88 Articles This Week
Insider Trading
Selling Shares
$16.04 M Sold Last Quarter
Proj. Earnings Growth
Decreasing
From ($1.81) to ($2.03) Per Share

Overall MarketRank™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.82 out of 5 stars

Finance Sector

695th out of 862 stocks

Nondepository Credit Institutions Industry

24th out of 41 stocks

See Top Rated MarketRank™ Stocks Here

COIN stock logo

About Coinbase Global (NASDAQ:COIN) Stock

Coinbase Global, Inc. is among the world’s largest and foremost cryptocurrency exchanges. The company provides financial infrastructure and technology for the cryptocurrency economy in the United States and internationally. Coinbase Global, Inc. was founded in 2012 and is based in Wilmington, Delaware.

The company began with the idea that anyone, anywhere should be able to buy and sell Bitcoin and it has grown in tandem with the cryptosphere. Coinbase Global IPO’d in early 2021 and listed more than 100 million verified individual users less than a year later. Assets on the platform fluctuate based on the value of the cryptocurrency market but are counted in the $100’s of billions. The company employs roughly 5,000 people and serves clients in more than 100 countries. The company lists more than 200 assets for trading and over 350 for custody purposes.

The company is led by Bryan Armstrong. Armstrong is a co-founder, Chairman of the Board, CEO, and president of Coinbase and the driving force behind the business. One of his many innovations is making Coinbase Global, Inc a “remote-first” business which means there is no official corporate headquarters. The company operates offices in 12 cities around the world, however, and leases space when there is a concentration of employees in a new area.

Coinbase Global, Inc offers a range of tools for traders and investors. The company offers a primary financial account in the crypto-economy for businesses and consumers alike. The primary account, often referred to as a wallet, allows owners to buy, sell, trade, send, and receive cryptocurrencies supported by the platform. Coinbase Global supports well over 200 different cryptocurrencies and the number is growing so the potential application is very broad. New users may also earn free cryptocurrencies by participating in the company’s education program. The program informs users of new cryptocurrencies and rewards them for their time.

Coinbase Global wallet holders can also benefit from the growing trend in defi. Defi or decentralized finance is a host of applications that allow investors to buy cryptocurrency and stake financial transactions such as insurance or lending. Staked cryptocurrency earns a return just like traditional investments.

Coinbase Global also operates a marketplace with a pool of liquidity for transacting in crypto assets for institutions. Tools for businesses include direct access to the cryptocurrency market and the ability to list crypto assets on the exchange. Assets can be listed and sold to raise capital for projects or as a means of transferring wealth. NFTs are a large part of the marketplace as well and a pillar of the long-term growth outlook.

Along with the wallet and marketplace technology, Coinbase Global offers technology and services that allow ecosystem partners to build crypto-based applications and securely accept cryptocurrencies as payment. These tools are supported by a suite of White-label solutions and API interfaces that can power cryptocurrency transactions and services for any business.

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COIN Stock News Headlines

June 6, 2023 | marketbeat.com
SEC brings charges against cryptocurrency trading platform Coinbase
The Securities and Exchange Commission is charging Coinbase with operating its crypto asset trading platform as an unregistered national securities exchange, broker, and clearing agency
May 18, 2023 | marketbeat.com
How to Invest in GTE Technology
Global token txchange (GTE) may become the next big thing — more than artificial intelligence and 5G. Learn more about how to invest in GTE technology.
June 9, 2023 | Vantage Point (Ad)
Trade Smarter: Discover Hidden Opportunities w/ A.I.
There’s a tool that scans and picks the best stocks…how you approach the trades is up to you. But when you’re forecasting 1 – 3 days in advance, it’s not really a guessing game. Stop guessing and start predicting to add consistency to your trades… no matter what happens in the market.
May 13, 2023 | marketbeat.com
MarketBeat Week in Review – 5/8 - 5/12 (COIN)
Inflation, bank woes, interest rates, and the debt ceiling led to more of the new normal for equity markets. Here are some of this week's most popular articles
May 12, 2023 | marketbeat.com
Why Coinbases's Sneaky 20% Rally Could Be A Buy Signal
Coinbase has managed to steady the ship, and with shares starting to have a sneaky rally, this could be the buy signal the broader market has been waiting for.
June 9, 2023 | wsj.com
Robinhood to Remove Three Tokens Named in SEC Lawsuit Against Coinbase
June 9, 2023 | finance.yahoo.com
Pantera founder Dan Morehead thinks SEC suits against Binance and Coinbase could lead to regulations in event ‘nobody is expecting’
June 9, 2023 | finance.yahoo.com
Robinhood to delist tokens for Solana, Cardano, and Polygon after SEC suits name them as securities
June 9, 2023 | Vantage Point (Ad)
Unlock Profit Potential: Find Hidden Trade Opportunities Using A.I.
There’s a tool that scans and picks the best stocks…how you approach the trades is up to you. But when you’re forecasting 1 – 3 days in advance, it’s not really a guessing game. Stop guessing and start predicting to add consistency to your trades… no matter what happens in the market.
June 9, 2023 | finance.yahoo.com
Robinhood To Delist Cardano, Polygon, and Solana Tokens
June 9, 2023 | finance.yahoo.com
Coinbase Vs. the SEC: The Regulatory Storm
June 9, 2023 | finance.yahoo.com
Binance took a drastic step in the aftermath of the SEC lawsuit
June 9, 2023 | finance.yahoo.com
Why Cryptocurrencies Plunged This Week
June 9, 2023 | seekingalpha.com
Coinbase: The Outlook Is Cloudy After The SEC Lawsuit
June 9, 2023 | msn.com
Is Coinbase Global Stock a Buy Now?
June 9, 2023 | techcrunch.com
The SEC’s situationship with Binance and Coinbase keeps getting messier
June 9, 2023 | washingtonpost.com
Maybe Coinbase Should Never Have Gone Public
June 9, 2023 | finance.yahoo.com
Binance.US suspends USD deposits, warns of withdrawal halt amid SEC suit
June 9, 2023 | finance.yahoo.com
Binance.US Set to Be Cut Off From Banking System After SEC Lawsuit
June 9, 2023 | finance.yahoo.com
A New Crypto Banking System Arises Under the Shadow of a Regulatory Crackdown
June 8, 2023 | msn.com
Coinbase isn’t changing a thing in the wake of the SEC’s lawsuit against it
June 8, 2023 | msn.com
Moody’s revises outlook on Coinbase to negative after SEC lawsuit
June 8, 2023 | msn.com
Coinbase CEO Brian Armstrong Is Battling for Crypto's Future
June 8, 2023 | ca.finance.yahoo.com
Crypto companies made 'calculated' decision to flout rules, says SEC chair
June 8, 2023 | finance.yahoo.com
Cathie Wood Goes Bargain Hunting: Why She's Scooping Up $21 Million of Coinbase Stock
June 8, 2023 | finance.yahoo.com
Stocks Rise As Fed Looms; GameStop Craters As Bitcoin Rebounds
June 8, 2023 | finance.yahoo.com
Bitcoin Liquidity Worsens on Crypto Exchange Binance.US After SEC Suit
See More Headlines

COIN Price History

COIN Company Calendar

Last Earnings
5/04/2023
Today
6/09/2023
Next Earnings (Estimated)
8/08/2023
Fiscal Year End
12/31/2023
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
NASDAQ
Industry
Nondepository credit institutions
Sub-Industry
Other Diversified Financial Services
Sector
Finance
Current Symbol
NASDAQ:COIN
CUSIP
N/A
CIK
1679788
Web
www.coinbase.com
Phone
302-777-0200
Fax
N/A
Employees
4,510
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$61.48
High Stock Price Forecast
$110.00
Low Stock Price Forecast
$27.00
Forecasted Upside/Downside
+12.0%
Consensus Rating
Hold
Rating Score (0-4)
2.12
Research Coverage
26 Analysts

Profitability

EPS (Most Recent Fiscal Year)
($10.21)
Trailing P/E Ratio
N/A
Forward P/E Ratio
N/A
P/E Growth
N/A
Net Income
$-2,624,950,000.00
Net Margins
-81.21%
Pretax Margin
-93.59%
Return on Equity
-38.28%
Return on Assets
-1.94%

Debt

Debt-to-Equity Ratio
0.60
Current Ratio
1.04
Quick Ratio
1.04

Sales & Book Value

Annual Sales
$3.19 billion
Price / Sales
4.03
Cash Flow
N/A
Price / Cash Flow
N/A
Book Value
$23.63 per share
Price / Book
2.32

Miscellaneous

Outstanding Shares
234,560,000
Free Float
156,781,000
Market Cap
$12.88 billion
Optionable
Not Optionable
Beta
2.58

Key Executives

  • Mr. Brian ArmstrongMr. Brian Armstrong (Age 40)
    Co-Founder, Chairman & CEO
    Comp: $2.99M
  • Ms. Emilie M. ChoiMs. Emilie M. Choi (Age 44)
    Pres & COO
    Comp: $1.24M
  • Mr. Frederick Ernest Ehrsam IIIMr. Frederick Ernest Ehrsam III (Age 34)
    Co-Founder & Director
  • Ms. Alesia Jeanne Haas (Age 46)
    Chief Financial Officer
    Comp: $728.5k
  • Mr. Paul GrewalMr. Paul Grewal (Age 51)
    Chief Legal Officer & Corp. Sec.
    Comp: $735k
  • Jennifer N. JonesJennifer N. Jones
    Chief Accounting Officer
  • Mr. Anil K. Gupta
    VP of Investor Relations
  • Mr. L.J. Brock
    Chief People Officer
  • Mr. Faryar Shirzad
    Chief Policy Officer
  • Mr. Prakash Hariramani
    Sr. Director of Product

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions













COIN Stock - Frequently Asked Questions

Should I buy or sell Coinbase Global stock right now?

26 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Coinbase Global in the last year. There are currently 6 sell ratings, 11 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" COIN shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in COIN, but not buy additional shares or sell existing shares.
View COIN analyst ratings or view top-rated stocks.

What is Coinbase Global's stock price forecast for 2023?

26 brokers have issued twelve-month price targets for Coinbase Global's stock. Their COIN share price forecasts range from $27.00 to $110.00. On average, they expect the company's share price to reach $61.48 in the next year. This suggests a possible upside of 12.3% from the stock's current price.
View analysts price targets for COIN or view top-rated stocks among Wall Street analysts.

How have COIN shares performed in 2023?

Coinbase Global's stock was trading at $35.39 at the start of the year. Since then, COIN shares have increased by 54.7% and is now trading at $54.75.
View the best growth stocks for 2023 here.

When is Coinbase Global's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 8th 2023.
View our COIN earnings forecast.

How were Coinbase Global's earnings last quarter?

Coinbase Global, Inc. (NASDAQ:COIN) announced its quarterly earnings results on Thursday, May, 4th. The cryptocurrency exchange reported $0.15 EPS for the quarter, beating analysts' consensus estimates of ($1.44) by $1.59. The cryptocurrency exchange earned $772.53 million during the quarter, compared to the consensus estimate of $652.76 million. Coinbase Global had a negative trailing twelve-month return on equity of 38.28% and a negative net margin of 81.21%.

What ETFs hold Coinbase Global's stock?

ETFs with the largest weight of Coinbase Global (NASDAQ:COIN) stock in their portfolio include First Trust SkyBridge Crypto Industry and Digital Economy ETF (CRPT), Fidelity Crypto Industry and Digital Payments ETF (FDIG), Global X Blockchain ETF (BKCH), iShares Blockchain and Tech ETF (IBLC), ARK Fintech Innovation ETF (ARKF), Schwab Crypto Thematic ETF (STCE), ARK Next Generation Internation ETF (ARKW) and Amplify Digital & Online Trading ETF (BIDS).

When did Coinbase Global IPO?

(COIN) raised $0 in an initial public offering on Wednesday, April 14th 2021. The company issued 114,900,000 shares at $0.00 per share. Goldman Sachs, JPMorgan, Allen & Co. and Citigroup acted as the underwriters for the IPO.

What is Coinbase Global's stock symbol?

Coinbase Global trades on the NASDAQ under the ticker symbol "COIN."

Who are Coinbase Global's major shareholders?

Coinbase Global's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include ARK Investment Management LLC (5.09%), Sumitomo Mitsui Trust Holdings Inc. (3.72%), Nikko Asset Management Americas Inc. (3.59%), Mizuho Markets Americas LLC (1.95%), Susquehanna International Group LLP (0.00%) and Jane Street Group LLC (0.00%). Insiders that own company stock include Alesia J Haas, Brian Armstrong, Emilie Choi, Frederick Ernest Ehrsam III, Frederick R Wilson, Gokul Rajaram, Jennifer N Jones, Kathryn Haun, Lawrence J Brock, Marc L Andreessen, Paul Grewal, Square Ventures 2012 Fun Union, Surojit Chatterjee and Tobias Lutke.
View institutional ownership trends.

How do I buy shares of Coinbase Global?

Shares of COIN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Coinbase Global's stock price today?

One share of COIN stock can currently be purchased for approximately $54.75.

How much money does Coinbase Global make?

Coinbase Global (NASDAQ:COIN) has a market capitalization of $12.84 billion and generates $3.19 billion in revenue each year. The cryptocurrency exchange earns $-2,624,950,000.00 in net income (profit) each year or ($10.21) on an earnings per share basis.

How many employees does Coinbase Global have?

The company employs 4,510 workers across the globe.

How can I contact Coinbase Global?

Coinbase Global's mailing address is C/O THE CORPORATION TRUST COMPANY 1209 ORANGE STREET, WILMINGTON DE, 19801. The official website for the company is www.coinbase.com. The cryptocurrency exchange can be reached via phone at 302-777-0200 or via email at investor@coinbase.com.

This page (NASDAQ:COIN) was last updated on 6/9/2023 by MarketBeat.com Staff

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