Barclays Issues Positive Forecast for Coinbase Global (NASDAQ:COIN) Stock Price

Market Beat
2025.08.16 12:58
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Barclays has raised its target price for Coinbase Global (NASDAQ:COIN) from $352.00 to $365.00, maintaining an "equal weight" rating. This suggests a potential upside of 12.35% from the previous close. Other analysts have varied opinions, with JPMorgan lowering its target to $215.00 and Citigroup raising it to $505.00. Currently, Coinbase has a consensus rating of "Hold" with an average target price of $352.72. The stock opened at $324.89, with a market cap of $83.48 billion and a PE ratio of 31.42.

Coinbase Global (NASDAQ:COIN) had its price target raised by equities research analysts at Barclays from $352.00 to $365.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has an "equal weight" rating on the cryptocurrency exchange's stock. Barclays's price objective points to a potential upside of 12.35% from the company's previous close.

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COIN has been the topic of a number of other reports. JPMorgan Chase & Co. cut their price target on shares of Coinbase Global from $276.00 to $215.00 and set a "neutral" rating on the stock in a report on Friday, May 9th. Monness Crespi & Hardt cut shares of Coinbase Global from a "buy" rating to a "neutral" rating in a research note on Monday, July 28th. The Goldman Sachs Group increased their target price on shares of Coinbase Global from $239.00 to $268.00 and gave the company a "neutral" rating in a research report on Monday, July 7th. Citigroup lifted their price objective on Coinbase Global from $270.00 to $505.00 and gave the stock a "buy" rating in a report on Tuesday, July 29th. Finally, Rosenblatt Securities reissued a "buy" rating and issued a $470.00 price target on shares of Coinbase Global in a research report on Friday, August 1st. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $352.72.

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Coinbase Global Stock Down 0.6%

  • Why Citigroup Analysts See Double-Digit Upside in Coinbase Stock

Coinbase Global stock opened at $324.89 on Friday. The company has a quick ratio of 2.13, a current ratio of 2.12 and a debt-to-equity ratio of 0.25. The firm's fifty day moving average is $338.64 and its 200 day moving average is $261.20. The company has a market capitalization of $83.48 billion, a PE ratio of 31.42 and a beta of 3.70. Coinbase Global has a 12-month low of $142.58 and a 12-month high of $444.64.

Coinbase Global (NASDAQ:COIN - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The cryptocurrency exchange reported $0.12 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.91 by ($0.79). Coinbase Global had a net margin of 40.87% and a return on equity of 16.02%. The company had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.68 billion. During the same quarter last year, the firm posted $0.14 EPS. Coinbase Global's revenue for the quarter was up 3.3% on a year-over-year basis. As a group, sell-side analysts predict that Coinbase Global will post 7.22 EPS for the current fiscal year.

Insider Activity at Coinbase Global

  • 3 Surprising Earnings Winners Changing Their Market Narrative

In other news, CEO Brian Armstrong sold 336,265 shares of the business's stock in a transaction that occurred on Wednesday, June 25th. The shares were sold at an average price of $362.61, for a total transaction of $121,933,051.65. Following the completion of the sale, the chief executive officer owned 526 shares in the company, valued at approximately $190,732.86. The trade was a 99.84% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In the last quarter, insiders sold 1,185,704 shares of company stock valued at $438,918,732. Corporate insiders own 17.65% of the company's stock.

Hedge Funds Weigh In On Coinbase Global

Several hedge funds have recently made changes to their positions in COIN. Vanguard Group Inc. lifted its position in Coinbase Global by 25.5% during the 2nd quarter. Vanguard Group Inc. now owns 24,208,863 shares of the cryptocurrency exchange's stock worth $8,484,964,000 after acquiring an additional 4,914,407 shares during the period. Geode Capital Management LLC grew its stake in Coinbase Global by 46.1% in the 2nd quarter. Geode Capital Management LLC now owns 5,559,513 shares of the cryptocurrency exchange's stock valued at $1,940,805,000 after acquiring an additional 1,755,146 shares during the last quarter. ARK Investment Management LLC lifted its stake in Coinbase Global by 1.1% in the 1st quarter. ARK Investment Management LLC now owns 3,069,107 shares of the cryptocurrency exchange's stock valued at $528,592,000 after buying an additional 34,462 shares in the last quarter. Groupama Asset Managment boosted its stake in shares of Coinbase Global by 100.0% during the first quarter. Groupama Asset Managment now owns 3,000,000 shares of the cryptocurrency exchange's stock valued at $516,690,000 after acquiring an additional 1,500,000 shares during the last quarter. Finally, Norges Bank acquired a new position in Coinbase Global in the 2nd quarter valued at $1,044,354,000. Hedge funds and other institutional investors own 68.84% of the company's stock.

About Coinbase Global

(Get Free Report)

Coinbase Global, Inc provides financial infrastructure and technology for the crypto economy in the United States and internationally. The company offers the primary financial account in the crypto economy for consumers; and a marketplace with a pool of liquidity for transacting in crypto assets for institutions.

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