Coinbase Global (NASDAQ:COIN) Price Target Cut to $120.00 by Analysts at Barclays

Posted by Geri Gentry on Oct 30th, 2026

Coinbase Global (NASDAQ:COIN – Get Free Report) had its price objective reduced by stock analysts at Barclays from $149.00 to $120.00 in a report released on Friday, Benzinga reports. The firm currently has an “underweight” rating on the cryptocurrency exchange’s stock. Barclays‘s target price would suggest a potential downside of 15.00% from the company’s previous close.

A number of other research analysts have also recently commented on the stock. Raymond James Financial assumed coverage on shares of Coinbase Global in a research report on Wednesday, July 22nd. They set a “market perform” rating on the stock. Jefferies Financial Group reaffirmed a “hold” rating and set a $174.00 target price on shares of Coinbase Global in a research note on Friday. Sanford C. Bernstein restated an “outperform” rating and issued a $330.00 price target on shares of Coinbase Global in a research note on Friday, July 31st. Bank of America reaffirmed a “buy” rating on shares of Coinbase Global in a research report on Monday, October 5th. Finally, William Blair reissued an “outperform” rating on shares of Coinbase Global in a research report on Tuesday, September 22nd. Twenty equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, Coinbase Global has a consensus rating of “Hold” and a consensus target price of $218.44.

Check Out Our Latest Analysis on Coinbase Global

Coinbase Global Price Performance

NASDAQ:COIN traded down $19.42 during trading hours on Friday, hitting $141.17. The stock had a trading volume of 3,629,913 shares, compared to its average volume of 9,960,049. The firm has a market capitalization of $37.25 billion, a price-to-earnings ratio of -37.09 and a beta of 3.41. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.42 and a quick ratio of 2.42. The company has a 50 day simple moving average of $180.32 and a two-hundred day simple moving average of $179.32. Coinbase Global has a one year low of $138.71 and a one year high of $361.40.

Coinbase Global (NASDAQ:COIN – Get Free Report) last posted its quarterly earnings data 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). Coinbase Global had a positive return on equity of 3.12% and a negative net margin of 15.72%. The company had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter last year, the company posted $5.14 earnings per share. The firm’s revenue for the quarter was down 18.5% on a year-over-year basis. Research analysts forecast that Coinbase Global will post -0.47 earnings per share for the current fiscal year.

Insider Transactions at Coinbase Global

In related news, Director Marc L. Andreessen sold 13,676 shares of Coinbase Global stock in a transaction that occurred on 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 directly owned 1,115,810 shares in the company, valued at $207,741,505.80. This trade represents a 1.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Jennifer N. Jones sold 2,062 shares of Coinbase Global stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $188.75, for a total value of $389,202.50. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 127,188 shares of company stock valued at $23,029,558. Company insiders own 16.66% of the company’s stock.

Institutional Trading of Coinbase Global

Several large investors have recently made changes to their positions in the company. Bank of New York Mellon Corp acquired a new stake in Coinbase Global in the second quarter valued at $142,995,000. National Pension Service raised its stake in 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 acquiring an additional 346,045 shares during the last quarter. Southpoint Capital Advisors LP purchased a new position in Coinbase Global in the 1st quarter valued at $104,766,000. California State Teachers Retirement System boosted its holdings in Coinbase Global by 1.8% in the 1st quarter. California State Teachers Retirement System now owns 324,386 shares of the cryptocurrency exchange’s stock valued at $56,641,000 after purchasing an additional 5,758 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its position in Coinbase Global by 103.2% in the third 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. 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: Q3 profit exceeded expectations. Coinbase reported approximately $719 million in net income, or $2.51 diluted EPS, compared with analyst expectations for a loss. Operating expenses fell 13% sequentially, helping the company end a three-quarter losing streak. Reuters earnings report
Positive Sentiment: Subscription and newer businesses are expanding. Subscription and services revenue rose 3% sequentially to $570.2 million, representing nearly half of revenue. Prediction markets surpassed a $200 million annualized revenue run rate, while Coinbase One subscribers reached a record. The company is also projecting $550 million to $630 million of subscription and services revenue for Q4.
Positive Sentiment: Analyst sentiment is broadly constructive. HC Wainwright and BTIG reaffirmed “buy” ratings with $240 targets, Cantor maintained “overweight” with a $212 target, and Needham kept a “buy” rating despite reducing its target to $197. Coinbase could also attract customers after the reported $6.3 billion Binance hack raises trust concerns around competing exchanges. Binance hack and Coinbase opportunity
Neutral Sentiment: Coinbase is pursuing international and product expansion. It applied for a Brazilian crypto-services license ahead of new regulations and added Ripple’s RLUSD stablecoin to its retail, exchange and institutional platforms. These moves may support future trading and stablecoin activity, although regulatory approval remains pending.
Negative Sentiment: Earnings quality and market conditions remain concerns. Revenue was about $1.22 billion, down roughly 35% year over year, while a $715 million gain on Coinbase’s crypto holdings generated nearly all of the reported profit. Total blockchain revenue is projected to decline 28% in 2026 alongside a roughly 30% drop in crypto prices. Coinbase profit quality analysis
Negative Sentiment: Security and valuation risks persist. A breach at analytics vendor Amplitude exposed contact information for a subset of customers, although Coinbase says its systems and customer funds were not affected. Mizuho lowered its target to $145 and retained a neutral rating. Insiders have also reported selling shares without purchases in recent months.

Coinbase Global Company Profile

(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.