Citigroup Has Lowered Expectations for Coinbase Global (NASDAQ:COIN) Stock Price

Posted by Brian Himes on Jul 23rd, 2026

Coinbase Global (NASDAQ:COIN) had its price objective cut by equities research analysts at Citigroup from $400.00 to $235.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the cryptocurrency exchange’s stock. Citigroup’s price target suggests a potential upside of 44.89% from the company’s current price.

Several other brokerages also recently commented on COIN. HC Wainwright lowered their price objective on shares of Coinbase Global from $350.00 to $310.00 and set a “buy” rating for the company in a research note on Friday, May 8th. Rosenblatt Securities restated a “buy” rating and set a $240.00 price target on shares of Coinbase Global in a report on Wednesday, June 17th. Sanford C. Bernstein lowered their price target on Coinbase Global from $440.00 to $330.00 and set an “outperform” rating for the company in a research report on Monday, March 30th. Oppenheimer dropped their price objective on Coinbase Global from $224.00 to $209.00 and set an “outperform” rating for the company in a report on Thursday, July 16th. Finally, Monness Crespi & Hardt reissued a “sell” rating on shares of Coinbase Global in a research note on Friday, June 5th. Eighteen equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $239.14.

Check Out Our Latest Report on Coinbase Global

Coinbase Global Price Performance

COIN traded down $3.92 during trading on Thursday, reaching $162.19. The stock had a trading volume of 3,575,059 shares, compared to its average volume of 10,510,869. The stock has a market cap of $42.73 billion, a PE ratio of 60.78, a PEG ratio of 11.34 and a beta of 3.35. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.14 and a current ratio of 2.14. Coinbase Global has a one year low of $139.18 and a one year high of $405.31. The business has a 50-day moving average of $167.94 and a 200-day moving average of $185.46.

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

Insider Buying and Selling at Coinbase Global

In other news, insider Paul Grewal sold 1,960 shares of the stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $176.88, for a total transaction of $346,684.80. Following the sale, the insider owned 84,753 shares in the company, valued at $14,991,110.64. This represents a 2.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Jennifer N. Jones sold 2,051 shares of Coinbase Global stock in a transaction on Friday, June 5th. The stock was sold at an average price of $158.15, for a total value of $324,365.65. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 30,627 shares of company stock valued at $5,327,841 over the last ninety days. Company insiders own 16.66% of the company’s stock.

Institutional Investors Weigh In On Coinbase Global

A number of hedge funds have recently added to or reduced their stakes in COIN. North Dakota State Investment Board bought a new position in Coinbase Global in the fourth quarter worth about $1,626,000. Mizuho Markets Cayman LP bought a new stake in shares of Coinbase Global in the 4th quarter valued at about $33,921,000. Harvest Portfolios Group Inc. grew its position in shares of Coinbase Global by 21.7% in the 4th quarter. Harvest Portfolios Group Inc. now owns 376,578 shares of the cryptocurrency exchange’s stock worth $85,159,000 after buying an additional 67,082 shares during the last quarter. Axxcess Wealth Management LLC grew its position in shares of Coinbase Global by 303.6% in the 4th quarter. Axxcess Wealth Management LLC now owns 20,316 shares of the cryptocurrency exchange’s stock worth $4,594,000 after buying an additional 15,282 shares during the last quarter. Finally, QRG Capital Management Inc. raised its stake in shares of Coinbase Global by 65.4% during the 1st quarter. QRG Capital Management Inc. now owns 24,102 shares of the cryptocurrency exchange’s stock worth $4,208,000 after acquiring an additional 9,532 shares in the last quarter. 68.84% of the stock is currently owned by hedge funds and other institutional investors.

Coinbase Global News Roundup

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

Positive Sentiment: Momentum around the U.S. CLARITY Act remains a major tailwind. Coinbase CEO Brian Armstrong said the bill is ready for a full Senate vote, and crypto advocates are pushing hard for passage, which could be bullish because it would create clearer rules for the industry and potentially benefit Coinbase’s core trading business. Article Title
Positive Sentiment: Coinbase is also expanding internationally, including a new Singapore office and plans to grow headcount there, while reports say it is targeting Canada for tokenized equities and other products. That suggests management is still investing in long-term growth beyond U.S. crypto trading. Article Title
Positive Sentiment: The company disclosed work on a post-quantum Bitcoin custody system, which could reinforce Coinbase’s reputation as a secure institutional crypto infrastructure provider. Article Title
Neutral Sentiment: Coinbase settled its FOIA lawsuit with the SEC for $150,000, ending a symbolic dispute over missing records. The win is politically favorable, but the dollar amount is too small to matter financially. Article Title
Neutral Sentiment: Analysts and preview pieces note that Coinbase reports earnings next week and expectations call for growth, but some coverage says the setup does not strongly favor an earnings beat. That keeps investors cautious ahead of the report. Article Title
Negative Sentiment: Some of the recent rally has cooled as investors worry that the CLARITY Act could still face ethics-related political hurdles, and one article notes Coinbase shares fell sharply after a big jump the prior day. Article Title
Negative Sentiment: Coverage also points to a recent outage caused by a configuration error, which disrupted transfers and card purchases for about 50 minutes. Even though the issue was fixed, outages can raise concerns about platform reliability. Article Title

Coinbase Global Company Profile

(Get Free Report)

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.