Coinbase Global (NASDAQ:COIN) Stock Rating Upgraded by Bank of America

Coinbase Global (NASDAQ:COIN) was upgraded by research analysts at Bank of America from a “neutral” rating to a “buy” rating in a research note issued to investors on Thursday, Marketbeat reports. The brokerage presently has a $340.00 target price on the cryptocurrency exchange’s stock. Bank of America‘s price objective would suggest a potential upside of 38.25% from the company’s current price.

A number of other brokerages have also weighed in on COIN. Sanford C. Bernstein restated an “outperform” rating and set a $440.00 price objective on shares of Coinbase Global in a report on Tuesday. B. Riley raised their price target on shares of Coinbase Global from $185.00 to $243.00 and gave the stock a “neutral” rating in a research report on Monday, November 3rd. UBS Group set a $340.00 price target on shares of Coinbase Global in a research note on Wednesday, December 17th. Needham & Company LLC reduced their price objective on shares of Coinbase Global from $400.00 to $290.00 and set a “buy” rating on the stock in a research note on Monday, December 29th. Finally, Barclays set a $258.00 price objective on shares of Coinbase Global in a report on Thursday. One research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $376.74.

Coinbase Global Stock Performance

Shares of COIN stock opened at $245.93 on Thursday. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.40 and a quick ratio of 2.40. The company’s fifty day moving average price is $267.08 and its two-hundred day moving average price is $316.35. The firm has a market capitalization of $66.31 billion, a P/E ratio of 21.27 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) last announced its earnings results on Thursday, October 30th. The cryptocurrency exchange reported $1.44 earnings per share for the quarter, beating the consensus estimate of $1.04 by $0.40. Coinbase Global had a return on equity of 15.70% and a net margin of 41.99%.The company had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.77 billion. During the same period last year, the firm earned $0.28 earnings per share. The company’s revenue was up 55.1% on a year-over-year basis. On average, research analysts anticipate that Coinbase Global will post 7.22 earnings per share for the current fiscal year.

Insider Buying and Selling at Coinbase Global

In related news, CEO Brian Armstrong sold 40,000 shares of the business’s stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $248.96, for a total transaction of $9,958,400.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Frederick Ernest Ehrsam III sold 1,375 shares of the stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $250.03, for a total transaction of $343,791.25. The disclosure for this sale is available in the SEC filing. Insiders have sold 839,554 shares of company stock worth $248,795,837 in the last ninety days. 16.56% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Coinbase Global

Several institutional investors have recently made changes to their positions in COIN. REAP Financial Group LLC bought a new position in Coinbase Global during the 3rd quarter worth $25,000. Evelyn Partners Investment Management Europe Ltd boosted its holdings in shares of Coinbase Global by 92.3% during the second quarter. Evelyn Partners Investment Management Europe Ltd now owns 75 shares of the cryptocurrency exchange’s stock valued at $29,000 after acquiring an additional 36 shares during the period. Palisade Asset Management LLC bought a new position in shares of Coinbase Global during the third quarter worth about $29,000. Cullen Frost Bankers Inc. bought a new position in shares of Coinbase Global during the second quarter worth about $30,000. Finally, Salomon & Ludwin LLC increased its holdings in shares of Coinbase Global by 4,400.0% in the 3rd quarter. Salomon & Ludwin LLC now owns 90 shares of the cryptocurrency exchange’s stock worth $30,000 after acquiring an additional 88 shares during the period. 68.84% of the stock is owned by institutional investors.

Key Stories Impacting Coinbase Global

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

• Positive Sentiment: Goldman Sachs upgraded COIN to Buy, highlighting infrastructure revenue growth and driving renewed investor interest in Coinbase’s higher‑margin products. Goldman Sachs Upgrade
• Positive Sentiment: Multiple brokerages (Bernstein, Monness) reiterated/initiated Buy ratings, reinforcing bullish analyst coverage and supporting flows into the stock. Bernstein Keeps Buy
• Positive Sentiment: Coinbase’s ecosystem adoption expands: an external fintech (OwlTing) announced integration with Coinbase’s x402 standard, which could accelerate real‑world payments and merchant on‑ramps for Coinbase tech. OwlTing Integration
• Positive Sentiment: Strategic wins: Coinbase’s 2025 push (S&P 500 inclusion, 10 acquisitions including Deribit, MiCA approval) are longer‑term positives for scale, diversification and regulatory clearance in Europe. S&P 500 & Acquisitions
• Neutral Sentiment: Management is pitching 2026 as an inflection toward a “global market operator” beyond exchange trading — strategic narrative that can justify multiple valuation paths but will take time to prove. Strategy Shift Article
• Neutral Sentiment: Coinbase researchers warned about quantum‑computing risks to Bitcoin security; this raises long‑term technology risk awareness but is not an immediate revenue threat. Quantum Risk
• Negative Sentiment: CEO Brian Armstrong warned China’s decision to pay interest on its digital yuan could give China a payments advantage and hurt dollar‑pegged stablecoins — a policy/competitive risk that could pressure US stablecoin adoption and margins. Armstrong on Digital Yuan
• Negative Sentiment: Insider sales: CEO Brian Armstrong and a director disclosed large share sales (early January), which can sap near‑term sentiment even if routine. SEC Form 4
• Negative Sentiment: Regional operational headwinds: Coinbase paused local fiat rails in Argentina and faces other country‑level blockages, illustrating execution/regulatory friction in new markets. Argentina Fiat Halt
• Negative Sentiment: Technical/flow pressure: chart patterns (death cross) and recent bitcoin weakness have prompted caution among technical traders, contributing to downward momentum. Technical Concerns

Coinbase Global Company Profile

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.