Coinbase Global (NASDAQ:COIN) Price Target Cut to $197.00 by Analysts at Needham & Company LLC

Posted by Francis Steltz on Oct 30th, 2026

Coinbase Global (NASDAQ:COIN – Get Free Report) had its price objective lowered by Needham & Company LLC from $205.00 to $197.00 in a research report issued on Friday, Benzinga reports. The firm currently has a “buy” rating on the cryptocurrency exchange’s stock. Needham & Company LLC‘s price target would suggest a potential upside of 22.67% from the stock’s current price.

COIN has been the subject of a number of other reports. Argus restated a “hold” rating on shares of Coinbase Global in a report on Wednesday, August 26th. Canaccord Genuity Group restated a “buy” rating and issued a $300.00 price objective on shares of Coinbase Global in a research note on Friday, July 31st. The Goldman Sachs Group reaffirmed a “buy” rating and set a $244.00 price target on shares of Coinbase Global in a report on Wednesday, October 7th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $200.00 price objective on shares of Coinbase Global in a research note on Thursday. Finally, HC Wainwright reaffirmed a “buy” rating and set a $240.00 target price on shares of Coinbase Global in a research note on Friday. Twenty equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $219.35.

Get Our Latest Analysis on COIN

Coinbase Global Stock Performance

Shares of COIN stock opened at $160.59 on Friday. The stock has a market cap of $42.37 billion, a PE ratio of -41.82 and a beta of 3.41. The company has a current ratio of 2.42, a quick ratio of 2.42 and a debt-to-equity ratio of 0.45. Coinbase Global has a 12 month low of $139.11 and a 12 month high of $361.40. The company’s fifty day moving average price is $180.32 and its 200-day moving average price is $179.32.

Coinbase Global (NASDAQ:COIN – Get Free Report) last announced its earnings results on Thursday, July 30th. The cryptocurrency exchange reported ($1.36) earnings per share 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 the consensus estimate 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% on a year-over-year basis. During the same period in the prior year, the business posted $5.14 EPS. On average, equities analysts expect that Coinbase Global will post -0.47 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Alesia J. Haas sold 39,030 shares of Coinbase Global stock in a transaction that occurred on Monday, September 21st. The shares were sold at an average price of $205.24, for a total transaction of $8,010,517.20. Following the completion of the sale, the chief financial officer owned 345,376 shares of the company’s stock, valued at approximately $70,884,970.24. The trade was a 10.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible 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 Coinbase Global stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $186.18, for a total value of $2,546,197.68. Following the completion of the sale, the director owned 1,115,810 shares of the company’s stock, valued at $207,741,505.80. The trade was a 1.21% decrease in their ownership of the stock. 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 127,188 shares of company stock worth $23,029,558 in the last 90 days. 16.66% of the stock is owned by insiders.

Hedge Funds Weigh In On Coinbase Global

Large investors have recently bought and sold shares of the business. Bank of New York Mellon Corp acquired a new stake in Coinbase Global in the 2nd quarter worth approximately $142,995,000. Southpoint Capital Advisors LP acquired a new stake in Coinbase Global during the first quarter worth about $104,766,000. National Pension Service increased its holdings in shares of Coinbase Global by 117.1% during the 2nd quarter. National Pension Service now owns 641,518 shares of the cryptocurrency exchange’s stock valued at $93,784,000 after purchasing an additional 346,045 shares in the last quarter. Partners Wealth Management LLC acquired a new position in shares of Coinbase Global in the third quarter worth about $42,554,000. Finally, Assenagon Asset Management S.A. boosted its position in Coinbase Global by 103.2% during the third quarter. Assenagon Asset Management S.A. now owns 314,338 shares of the cryptocurrency exchange’s stock worth $58,889,000 after purchasing an additional 159,636 shares in the last quarter. Institutional investors own 68.84% of the company’s stock.

Key Coinbase Global News

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

Positive Sentiment: Coinbase reported third-quarter net income of approximately $719 million, or $2.51 diluted EPS, reversing a mult quarter losing streak and exceeding analysts’ expectations. Operating expenses fell 13% sequentially, helping profitability. Coinbase Q3 earnings
Positive Sentiment: Prediction markets surpassed $200 million in annualized revenue, Coinbase One subscribers reached a record, and subscription and services revenue increased 3% sequentially to $570.2 million. These trends support management’s strategy of diversifying beyond spot-crypto trading. Prediction markets growth
Positive Sentiment: Coinbase added Ripple’s RLUSD stablecoin across its retail, exchange and institutional platforms, potentially increasing stablecoin-related activity and revenue. It also applied for authorization under Brazil’s new crypto rules and expects no service disruption while its application is reviewed. RLUSD availability
Positive Sentiment: Rosenblatt Securities reaffirmed its “buy” rating and assigned a $200 price target, implying considerable upside from the reference price. Rosenblatt rating
Neutral Sentiment: Coinbase CEO Brian Armstrong said quantum computing represents a more serious long-term cryptocurrency security threat than artificial intelligence. He characterized the issue as a matter of “when, not if,” though it is not an immediate earnings driver. Armstrong on quantum computing
Negative Sentiment: Revenue was about $1.216 billion, down roughly 35% from a year earlier. Transaction revenue was approximately $590 million, while fourth-quarter subscription and services guidance of $550 million to $630 million suggests limited near-term acceleration. Coinbase profit composition
Negative Sentiment: Approximately $715 million of the quarterly profit came from gains on Coinbase’s cryptocurrency holdings, making the headline earnings figure less representative of recurring operating performance. Coinbase crypto gains
Negative Sentiment: A security incident at analytics vendor Amplitude exposed contact information for a small subset of customers. Coinbase said its systems and customer funds were not compromised, but the incident could increase reputational and fraud concerns. Customer contact-data incident
Negative Sentiment: Reported insider activity has been overwhelmingly selling, including planned sales by senior executives and founders, which may weigh on sentiment despite not changing the company’s fundamentals directly.

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.