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Lowest-Rated StocksLowest-Rated
NASDAQ:COIN

Coinbase Global (COIN) Stock Forecast, Price & News

$74.42
-2.25 (-2.93%)
(As of 09/21/2023 ET)
Compare
Today's Range
$72.87
▼
$75.19
50-Day Range
$73.19
▼
$110.15
52-Week Range
$31.55
▼
$114.43
Volume
6.54 million shs
Average Volume
15.80 million shs
Market Capitalization
$17.65 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$77.38
ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial Media

Coinbase Global MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
4.0% Upside
$77.38 Price Target
Short Interest
Healthy
13.22% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.58mentions of Coinbase Global in the last 14 days
Based on 20 Articles This Week
Insider Trading
Selling Shares
$25.35 M Sold Last Quarter
Proj. Earnings Growth
Decreasing
From ($1.45) to ($1.56) Per Share

Overall MarketRank™

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

1.70 out of 5 stars

Finance Sector

735th out of 837 stocks

Nondepository Credit Institutions Industry

30th out of 43 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.

COIN Price History

COIN Stock News Headlines

September 9, 2023 | marketbeat.com
MarketBeat Week in Review – 9/4 - 9/8 (COIN)
This market continues to be filled with contradictions, but the MarketBeat team is here to help you find the opportunities that continue to exist
September 6, 2023 | marketbeat.com
Is Bitcoin ETF Launch A Promising Development For Crypto Stocks?
Coinbase ended the week 5% higher after initially surging 15% on Bitcoin ETF news. The SEC said it would review Bitcoin ETF applications by October 19.
September 21, 2023 | Behind the Markets (Ad)
BREAKING: Tiny biotech successfully treats blindness
There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. This company has already shown success in human trials... And Our research shows that anyone who gets in today could see a 46,751% return.
August 30, 2023 | marketbeat.com
5 Best Fintech Stocks to Buy Now (COIN)
Fintech combines two words — “finance” and “technology,” where companies apply technology to finance businesses. Learn more about fintech stocks.
August 30, 2023 | marketbeat.com
7 Best Fintech ETFs to Buy Now (COIN)
Fintech seizes the spotlight regularly, so why not connect with ETFs for an investment opportunity? Learn more about investing in fintech ETFs.
August 29, 2023 | marketbeat.com
3 Best Meme ETFs to Buy Now (COIN)
A meme ETF invests in meme stocks. We’ll explore the best meme ETF(s) to buy now and what stocks support this unique investment arena. Learn more.
August 29, 2023 | marketbeat.com
8 Best Meme Stocks to Buy Now (COIN)
Meme stocks took the investing world by storm in 2021, but is it still beneficial to invest meme stocks now? Learn about the best meme stocks to buy now.
August 21, 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.
September 21, 2023 | Chaikin Analytics (Ad)
This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
August 21, 2023 | marketbeat.com
Elon Musk's Bitcoin Sales Rock Crypto Stocks: What Happens Next? (COIN)
Elon Musk's bitcoin sale triggers a crypto stock plunge, affecting Riot Platforms, Marathon, and Coinbase, but crypto companies are expanding revenue bases.
September 21, 2023 | news.bitcoin.com
Coinbase’s L2 Blockchain Base Skyrockets 111% in 41 Days, Overtaking Solana in TVL
September 20, 2023 | finance.yahoo.com
Coinbase’s top lawyer ‘optimistic’ battles with SEC will ‘help shape the landscape and bring clarity for all of us’
September 20, 2023 | benzinga.com
Aptos Labs Integrates Coinbase Pay For Petra Crypto Wallet To Simplify Web3 Usage
September 20, 2023 | msn.com
Coinbase Global, Inc. (COIN) is Attracting Investor Attention: Here is What You Should Know
September 20, 2023 | finance.yahoo.com
Zcash grapples with network dominance issue, considers proof-of-stake shift
September 19, 2023 | finance.yahoo.com
States Are Transforming Crypto As Congress Remains Stuck
September 19, 2023 | techcrunch.com
Aptos Labs adds Coinbase Pay to its Petra crypto wallet
September 19, 2023 | nasdaq.com
Coinbase kicks off grassroots campaign to advance US legislation
September 19, 2023 | finance.yahoo.com
Coinbase Announces Final Results and Expiration of Cash Tender Offer for its Outstanding 3.625% Senior Notes Due 2031
September 18, 2023 | finance.yahoo.com
Binance.US Trading Volume Tumbles While SEC Dispute Heats Up
September 18, 2023 | cointelegraph.com
Why is Bitcoin price up today?
September 17, 2023 | benzinga.com
Coinbase Retains $1 Million Windfall From Curve Finance Hack, Faces Backlash For Not Returning Funds
September 15, 2023 | cointelegraph.com
Coinbase CEO stands up for DeFi, Polygon says $1B ZK-rollup paying off: Finance Redefined
September 15, 2023 | finance.yahoo.com
SEC's Gensler May Face an Unbeatable Foe in Crypto
September 15, 2023 | finance.yahoo.com
Coinbase Earned $1M Amid Hack, but Hasn't Reimbursed Victims
September 14, 2023 | finance.yahoo.com
Bitcoin hits 2-week high as crypto-linked stocks including Coinbase and Microstrategy rally
September 14, 2023 | finance.yahoo.com
How To Navigate The Market's Strength And Weakness With These Simple Lines
See More Headlines
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COIN Company Calendar

Last Earnings
8/03/2023
Today
9/21/2023
Next Earnings (Estimated)
11/02/2023
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
$77.38
High Stock Price Forecast
$145.00
Low Stock Price Forecast
$27.00
Forecasted Upside/Downside
+4.0%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
25 Analysts

Profitability

EPS (Most Recent Fiscal Year)
($5.65)
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
-47.33%
Pretax Margin
-54.04%
Return on Equity
-20.68%
Return on Assets
-0.97%

Debt

Debt-to-Equity Ratio
0.58
Current Ratio
1.04
Quick Ratio
1.04

Sales & Book Value

Annual Sales
$3.19 billion
Price / Sales
5.53
Cash Flow
N/A
Price / Cash Flow
N/A
Book Value
$23.63 per share
Price / Book
3.15

Miscellaneous

Outstanding Shares
237,180,000
Free Float
158,528,000
Market Cap
$17.65 billion
Optionable
Not Optionable
Beta
2.75
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Key Executives

  • Mr. Brian ArmstrongMr. Brian Armstrong (Age 40)
    Co-Founder, Chairman & CEO
    Comp: $7.47M
  • Ms. Emilie M. ChoiMs. Emilie M. Choi (Age 44)
    Pres & COO
    Comp: $1.03M
  • Mr. Frederick Ernest Ehrsam IIIMr. Frederick Ernest Ehrsam III (Age 34)
    Co-Founder & Director
  • Ms. Alesia Jeanne Haas (Age 46)
    Chief Financial Officer
    Comp: $732.17k
  • Mr. Paul GrewalMr. Paul Grewal (Age 51)
    Chief Legal Officer & Corp. Sec.
    Comp: $732.17k
  • Jennifer N. JonesJennifer N. Jones
    Chief Accounting Officer
  • Mr. Anil K. Gupta
    VP of Investor Relations
  • Mr. Lawrence J. Brock (Age 51)
    Chief People Officer
  • Mr. Faryar Shirzad
    Chief Policy Officer
  • Mr. Manish Gupta
    Exec. VP of Engineering

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?

25 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Coinbase Global in the last twelve months. There are currently 7 sell ratings, 11 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street 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?

25 Wall Street analysts have issued 1 year price targets for Coinbase Global's shares. Their COIN share price forecasts range from $27.00 to $145.00. On average, they expect the company's share price to reach $77.38 in the next twelve months. This suggests a possible upside of 4.0% 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 on January 1st, 2023. Since then, COIN stock has increased by 110.3% and is now trading at $74.42.
View the best growth stocks for 2023 here.

Are investors shorting Coinbase Global?

Coinbase Global saw a drop in short interest in August. As of August 31st, there was short interest totaling 23,070,000 shares, a drop of 7.4% from the August 15th total of 24,910,000 shares. Based on an average daily trading volume, of 13,410,000 shares, the days-to-cover ratio is currently 1.7 days. Approximately 13.2% of the shares of the stock are sold short.
View Coinbase Global's Short Interest.

When is Coinbase Global's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 2nd 2023.
View our COIN earnings forecast.

How were Coinbase Global's earnings last quarter?

Coinbase Global, Inc. (NASDAQ:COIN) released its quarterly earnings results on Thursday, August, 3rd. The cryptocurrency exchange reported ($0.42) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.78) by $0.36. The cryptocurrency exchange earned $707.91 million during the quarter, compared to analyst estimates of $627.60 million. Coinbase Global had a negative trailing twelve-month return on equity of 20.68% and a negative net margin of 47.33%. The business's revenue was down 12.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($4.95) EPS.

What ETFs hold Coinbase Global's stock?

ETFs with the largest weight of Coinbase Global (NASDAQ:COIN) stock in their portfolio include Fidelity Crypto Industry and Digital Payments ETF (FDIG), First Trust SkyBridge Crypto Industry and Digital Economy ETF (CRPT), iShares Blockchain and Tech ETF (IBLC), Global X Blockchain ETF (BKCH), ARK Fintech Innovation ETF (ARKF), Bitwise Crypto Industry Innovators ETF (BITQ), Grayscale Future of Finance ETF (GFOF) and VanEck Digital Transformation ETF (DAPP).

When did Coinbase Global IPO?

(COIN) raised $0 in an initial public offering (IPO) on Wednesday, April 14th 2021. The company issued 114,900,000 shares at $0.00 per share. Goldman Sachs, JPMorgan, Allen & Co. and Citigroup served 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 institutional and retail investors. Top institutional shareholders include ARK Investment Management LLC (5.17%), Bank Julius Baer & Co. Ltd Zurich (4.83%), Sumitomo Mitsui Trust Holdings Inc. (3.91%), Citadel Advisors LLC (0.00%), Renaissance Technologies LLC (1.30%) and Geode Capital Management LLC (1.07%). 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 $74.42.

How much money does Coinbase Global make?

Coinbase Global (NASDAQ:COIN) has a market capitalization of $17.65 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 ($5.65) 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 9/21/2023 by MarketBeat.com Staff

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