Coinbase Global (NASDAQ:COIN) Upgraded by Robert W. Baird to Hold Rating

Coinbase Global (NASDAQ:COIN) was upgraded by stock analysts at Robert W. Baird to a “hold” rating in a research note issued to investors on Tuesday,Zacks.com reports.

A number of other equities analysts also recently weighed in on COIN. B. Riley boosted their price target on shares of Coinbase Global from $185.00 to $243.00 and gave the stock a “neutral” rating in a report on Monday, November 3rd. Redburn Partners set a $417.00 target price on shares of Coinbase Global in a research report on Friday, October 3rd. Raymond James Financial reaffirmed a “market perform” rating on shares of Coinbase Global in a report on Thursday, January 8th. JPMorgan Chase & Co. decreased their target price on Coinbase Global from $404.00 to $399.00 and set an “overweight” rating for the company in a research report on Friday, October 31st. Finally, Citigroup restated a “market outperform” rating on shares of Coinbase Global in a research note on Thursday, December 18th. One research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $356.27.

Coinbase Global Stock Performance

COIN stock opened at $199.18 on Tuesday. The firm has a market cap of $53.71 billion, a PE ratio of 17.23 and a beta of 3.70. The company has a quick ratio of 2.40, a current ratio of 2.40 and a debt-to-equity ratio of 0.37. The business has a 50 day moving average of $245.86 and a 200-day moving average of $302.61. Coinbase Global has a 12-month low of $142.58 and a 12-month high of $444.64.

Coinbase Global (NASDAQ:COIN) last issued its quarterly earnings results on Thursday, October 30th. The cryptocurrency exchange reported $1.44 EPS for the quarter, topping analysts’ consensus estimates of $1.04 by $0.40. The business had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.77 billion. Coinbase Global had a return on equity of 15.70% and a net margin of 41.99%.Coinbase Global’s quarterly revenue was up 55.1% compared to the same quarter last year. During the same period last year, the company posted $0.28 earnings per share. As a group, sell-side analysts expect that Coinbase Global will post 7.22 earnings per share for the current year.

Insider Activity at Coinbase Global

In related news, Director Frederick Ernest Ehrsam III sold 1,375 shares of the stock in a transaction dated Thursday, January 15th. The stock was sold at an average price of $250.27, for a total transaction of $344,121.25. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Alesia J. Haas sold 8,050 shares of the firm’s stock in a transaction dated Thursday, January 15th. The stock was sold at an average price of $250.00, for a total value of $2,012,500.00. Following the completion of the transaction, the chief financial officer owned 70,664 shares of the company’s stock, valued at approximately $17,666,000. This represents a 10.23% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 820,587 shares of company stock worth $240,717,580. 16.56% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Bessemer Group Inc. raised its position in Coinbase Global by 672.2% in the 2nd quarter. Bessemer Group Inc. now owns 1,166 shares of the cryptocurrency exchange’s stock worth $408,000 after purchasing an additional 1,015 shares during the period. SP Asset Management LLC bought a new position in shares of Coinbase Global during the second quarter valued at about $360,000. New York Life Investment Management LLC increased its holdings in shares of Coinbase Global by 890.8% in the second quarter. New York Life Investment Management LLC now owns 31,479 shares of the cryptocurrency exchange’s stock worth $11,033,000 after buying an additional 28,302 shares during the period. Atria Investments Inc bought a new stake in shares of Coinbase Global in the 2nd quarter valued at about $1,137,000. Finally, Liontrust Investment Partners LLP boosted its holdings in Coinbase Global by 73.1% during the 2nd quarter. Liontrust Investment Partners LLP now owns 83,058 shares of the cryptocurrency exchange’s stock valued at $29,111,000 after acquiring an additional 35,068 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: Coinbase integrated Jupiter’s on‑chain execution layer to give users direct access to millions of Solana tokens, letting customers trade those tokens using existing Coinbase balances and self‑custody wallets—this broadens tradable inventory and on‑platform activity. Article Title
• Positive Sentiment: Coinbase launched regulated prediction markets nationwide via a Kalshi partnership, adding event‑based trading (sports, politics, macro) that could diversify fee revenue and increase user engagement ahead of high‑volume events like the Super Bowl. Article Title
• Positive Sentiment: Coinbase expanded an automated threat‑intelligence sharing integration with Crypto ISAC to speed detection and response to sophisticated cyber threats—this reduces operational risk and supports trust in custody/trading services. Article Title
• Positive Sentiment: Coinbase Ventures is a backer of Sats Terminal (a native Bitcoin app offering loans, yield and trading), signaling continued strategic VC support and ecosystem investment that could funnel product innovation and partner flow to Coinbase. Article Title
• Neutral Sentiment: Cantor Fitzgerald initiated coverage on COIN (fresh institutional attention can increase liquidity but doesn’t itself change fundamentals). Article Title
• Neutral Sentiment: Public commentary and analysis pieces weigh Coinbase’s evolving role as infrastructure/derivatives provider—useful context for long‑term thesis but mixed for near‑term price action. Article Title
• Negative Sentiment: Bitcoin plunged toward $81k, triggering about $1.7B in derivatives liquidations—such market drawdowns typically reduce Coinbase trading volumes and commission revenue, pressuring COIN near term. Article Title
• Negative Sentiment: TRM Labs reports record illicit crypto flows in 2025 and rising AI‑assisted scams—heightened illicit activity elevates regulatory and compliance risk for exchanges, a potential headwind for Coinbase. Article Title
• Negative Sentiment: Analysts and press show growing caution: Piper Sandler trimmed its price target and Forbes/other outlets highlight recent downgrades and a 7‑day slide—these signal investor nervousness and lower near‑term sentiment. Article Title
• Negative Sentiment: Regulatory friction: UK ad bans, a White House meeting over a crypto bill, and Coinbase pulling support for a Senate crypto bill increase policy uncertainty that could affect product offerings and revenue in key jurisdictions. Article Title

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.