Coinbase Global’s (COIN) Buy Rating Reiterated at Rosenblatt Securities

Coinbase Global (NASDAQ:COIN – Get Free Report)‘s stock had its “buy” rating reissued by equities research analysts at Rosenblatt Securities in a report released on Thursday, Benzinga reports. They presently have a $200.00 target price on the cryptocurrency exchange’s stock. Rosenblatt Securities‘s target price indicates a potential upside of 23.21% from the stock’s current price.

Several other research firms have also issued reports on COIN. Piper Sandler raised their price objective on Coinbase Global from $146.00 to $170.00 and gave the company a “neutral” rating in a research note on Friday, October 2nd. Raymond James Financial began coverage on Coinbase Global in a research report on Wednesday, July 22nd. They set a “market perform” rating on the stock. UBS Group set a $155.00 price target on Coinbase Global in a report on Friday, July 31st. William Blair restated an “outperform” rating on shares of Coinbase Global in a report on Tuesday, September 22nd. Finally, Citizens Jmp lowered their price target on Coinbase Global from $325.00 to $280.00 and set a “market outperform” rating for the company in a research report on Friday, October 9th. Twenty research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, Coinbase Global currently has an average rating of “Hold” and an average target price of $220.91.

Get Our Latest Research Report on Coinbase Global

Coinbase Global Trading Up 0.8%

Shares of Coinbase Global stock opened at $162.32 on Thursday. Coinbase Global has a twelve month low of $139.11 and a twelve month high of $361.40. The company has a quick ratio of 2.42, a current ratio of 2.42 and a debt-to-equity ratio of 0.45. The business has a 50-day moving average price of $180.31 and a 200-day moving average price of $179.72. The firm has a market cap of $42.83 billion, a price-to-earnings ratio of -42.27 and a beta of 3.41.

Coinbase Global (NASDAQ:COIN – Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The cryptocurrency exchange reported ($1.36) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 negative net margin of 15.72% and a positive return on equity of 3.12%. Coinbase Global’s revenue for the quarter was down 18.5% compared to the same quarter last year. During the same period in the previous year, the company earned $5.14 EPS. Equities research analysts anticipate that Coinbase Global will post -0.45 EPS for the current fiscal year.

Insider Transactions at Coinbase Global

In other news, CFO Alesia Haas sold 39,030 shares of the business’s stock in a transaction dated Monday, September 21st. The shares were sold at an average price of $205.24, for a total value of $8,010,517.20. Following the completion of the sale, the chief financial officer owned 345,376 shares in the company, valued at approximately $70,884,970.24. The trade was a 10.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Frederick Wilson sold 10,000 shares of the company’s stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $178.93, for a total value of $1,789,300.00. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 127,188 shares of company stock valued at $23,029,558. Insiders own 16.66% of the company’s stock.

Institutional Investors Weigh In On Coinbase Global

Large investors have recently modified their holdings of the business. Bank of New York Mellon Corp acquired a new position in shares of Coinbase Global during the 2nd quarter worth about $142,995,000. Southpoint Capital Advisors LP purchased a new position in shares of Coinbase Global in the 1st quarter valued at about $104,766,000. National Pension Service increased its holdings in shares of Coinbase Global by 117.1% in the 2nd quarter. National Pension Service now owns 641,518 shares of the cryptocurrency exchange’s stock valued at $93,784,000 after acquiring an additional 346,045 shares during the last quarter. Partners Wealth Management LLC acquired a new stake in shares of Coinbase Global during the 3rd quarter worth about $42,554,000. Finally, Assenagon Asset Management S.A. raised its position in shares of Coinbase Global by 103.2% during the 3rd quarter. Assenagon Asset Management S.A. now owns 314,338 shares of the cryptocurrency exchange’s stock worth $58,889,000 after acquiring an additional 159,636 shares in the last quarter. 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: Coinbase is expanding its stablecoin business. Ripple’s RLUSD is now available across Coinbase’s retail, exchange and institutional platforms, including Base, Ethereum and the XRP Ledger. The move could increase trading activity, custody demand and fee revenue. Coinbase Adds Ripple’s RLUSD Stablecoin
  • Positive Sentiment: USDC adoption is also a key growth narrative. Reported balances have reached approximately $20 billion, while banking and payments partnerships—including a new arrangement with Thunes—could support more recurring, non-trading revenue. Growing Stablecoin Adoption
  • Positive Sentiment: New offerings—including fixed-rate Bitcoin-backed loans, derivatives, prediction markets, tokenized stocks and expanded asset listings—could diversify Coinbase beyond spot crypto trading and create additional long-term revenue opportunities. Fixed-Rate Bitcoin-Backed Loans

About Coinbase Global

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Coinbase Global (NASDAQ:COIN)

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