Coinbase Global, Inc. (NASDAQ:COIN) Stock Has Consensus Target Price of $224.44 According to Analysts

Coinbase Global, Inc. (NASDAQ:COIN) has been assigned a consensus rating of “Hold” from the thirty-six research firms that are presently covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a sell recommendation, thirteen have assigned a hold recommendation and twenty have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $222.16.

COIN has been the topic of a number of recent research reports. UBS Group set a $155.00 target price on Coinbase Global in a report on Friday, July 31st. Needham & Company LLC boosted their price target on Coinbase Global from $200.00 to $205.00 and gave the company a “buy” rating in a report on Wednesday, October 21st. Wolfe Research set a $325.00 price target on Coinbase Global in a report on Thursday, July 9th. Argus restated a “hold” rating on shares of Coinbase Global in a research report on Wednesday, August 26th. Finally, HC Wainwright reaffirmed a “buy” rating and issued a $265.00 price objective on shares of Coinbase Global in a research note on Friday, July 31st.

Coinbase Global Trading Up 0.9%

COIN opened at $161.09 on Wednesday. Coinbase Global has a 1-year low of $139.11 and a 1-year high of $368.13. The company has a market capitalization of $42.50 billion, a PE ratio of -41.95 and a beta of 3.41. The firm’s 50 day simple moving average is $179.99 and its two-hundred day simple moving average is $180.13.

Coinbase Global (NASDAQ:COIN) last issued 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). The firm had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same quarter in the previous year, the company earned $5.14 EPS. Coinbase Global’s revenue was down 18.5% on a year-over-year basis. Equities analysts forecast that Coinbase Global will post -0.45 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Frederick R. Wilson sold 35,068 shares of the stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $144.32, for a total value of $5,061,013.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Marc L. Andreessen sold 13,676 shares of the firm’s stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $186.18, for a total transaction of $2,546,197.68. Following the sale, the director owned 1,115,810 shares in the company, valued at approximately $207,741,505.80. The trade was a 1.21% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 127,188 shares of company stock valued at $23,029,558. Insiders own 16.66% of the company’s stock.

Hedge Funds Weigh In On Coinbase Global

Several large investors have recently added to or reduced their stakes in COIN. Pinnacle Wealth Planning Services Inc. lifted its position in shares of Coinbase Global by 204.6% during the third quarter. Pinnacle Wealth Planning Services Inc. now owns 460 shares of the cryptocurrency exchange’s stock worth $86,000 after purchasing an additional 309 shares during the last quarter. North Dakota State Investment Board boosted its stake in shares of Coinbase Global by 1.5% during the third quarter. North Dakota State Investment Board now owns 6,729 shares of the cryptocurrency exchange’s stock valued at $1,254,000 after purchasing an additional 102 shares during the period. Generali Asset Management SPA SGR grew its holdings in shares of Coinbase Global by 75.8% in the third quarter. Generali Asset Management SPA SGR now owns 201,885 shares of the cryptocurrency exchange’s stock worth $37,633,000 after purchasing an additional 87,056 shares during the last quarter. Asset Management One Co. Ltd. grew its holdings in shares of Coinbase Global by 2.3% in the third quarter. Asset Management One Co. Ltd. now owns 91,769 shares of the cryptocurrency exchange’s stock worth $17,107,000 after purchasing an additional 2,055 shares during the last quarter. Finally, MADDEN SECURITIES Corp bought a new position in shares of Coinbase Global in the third quarter worth about $61,000. Hedge funds and other institutional investors own 68.84% of the company’s stock.

Trending Headlines about Coinbase Global

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

• Positive Sentiment: New lending product expands revenue opportunities: Coinbase now offers fixed-rate Bitcoin-backed loans, giving customers greater payment certainty and potentially helping the exchange grow its credit and interest-related businesses beyond transaction fees. Coinbase Now Offers Fixed-Rate Bitcoin-Backed Loans
• Positive Sentiment: Stablecoin rewards receive regulatory support: New OCC rules reportedly allow exchanges such as Coinbase to continue offering interest-like rewards on stablecoin balances. This could improve customer retention and stablecoin adoption, although it may intensify competition with banks. OCC Lets Crypto Firms Keep Paying Stablecoin Rewards
• Positive Sentiment: Payments and international expansion advance: Thunes highlighted a new Coinbase alliance alongside partnerships with JPMorgan Payments and Fiserv. The relationships could increase Coinbase’s access to cross-border payment flows and broaden real-world stablecoin use. Thunes Deputy CEO on Stablecoins
• Positive Sentiment: JPMorgan raises its valuation view: JPMorgan increased its Coinbase price target to $189 and maintained an “overweight” rating, providing a bullish counterpoint to more cautious analyst commentary. JPMorgan Coinbase Rating
• Neutral Sentiment: Q3 earnings are the next major catalyst: Investors are awaiting Coinbase’s earnings amid expectations for weaker trading volumes and higher costs, while Bitcoin’s recent stability and continued product expansion offer potential upside. COIN Q3 Earnings Preview
• Negative Sentiment: Analysts cite slowing trading activity: Bernstein cut its Coinbase target to $250, saying trading has stalled and that other companies may capture more growth from prediction markets. Bernstein Cuts Coinbase Target
• Negative Sentiment: Large Bitcoin deposits could signal selling pressure: Two dormant wallets transferred approximately $206 million of Bitcoin to Coinbase Prime. Such movements may precede sales, potentially weighing on crypto prices and transaction sentiment. Dormant Bitcoin Whales Transfer Funds
• Negative Sentiment: MiCA compliance may reduce European asset choice: Coinbase plans to convert 14 noncompliant stablecoins into USDC for eligible European retail customers, highlighting regulatory friction and the risk of losing activity tied to unsupported tokens. Coinbase MiCA Stablecoin Conversion

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.