The Goldman Sachs Group Cuts Coinbase Global (NASDAQ:COIN) Price Target to $235.00

Coinbase Global (NASDAQ:COIN) had its target price decreased by The Goldman Sachs Group from $270.00 to $235.00 in a report released on Thursday morning, MarketBeat reports. The Goldman Sachs Group currently has a buy rating on the cryptocurrency exchange’s stock.

A number of other equities analysts also recently weighed in on COIN. Barclays dropped their target price on Coinbase Global from $258.00 to $148.00 and set an “equal weight” rating on the stock in a report on Friday, February 13th. Mizuho lowered their price objective on shares of Coinbase Global from $280.00 to $170.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 17th. China Renaissance dropped their price objective on shares of Coinbase Global from $301.50 to $223.20 and set a “buy” rating on the stock in a research note on Monday, February 23rd. Cantor Fitzgerald cut their target price on shares of Coinbase Global from $277.00 to $221.00 and set an “overweight” rating for the company in a research report on Monday, February 9th. Finally, Raymond James Financial reissued a “market perform” rating on shares of Coinbase Global in a research note on Thursday, January 8th. Nineteen analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $271.14.

Coinbase Global Price Performance

Shares of NASDAQ:COIN opened at $161.14 on Thursday. The company’s fifty day moving average is $187.42 and its two-hundred day moving average is $257.12. The company has a market cap of $42.55 billion, a P/E ratio of 36.71, a price-to-earnings-growth ratio of 2.79 and a beta of 3.70. Coinbase Global has a 12-month low of $139.36 and a 12-month high of $444.64. The company has a quick ratio of 2.34, a current ratio of 2.34 and a debt-to-equity ratio of 0.40.

Coinbase Global (NASDAQ:COIN) last issued its quarterly earnings results on Thursday, February 12th. The cryptocurrency exchange reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.17). The business had revenue of $1.78 billion for the quarter, compared to analysts’ expectations of $1.86 billion. Coinbase Global had a net margin of 17.55% and a return on equity of 8.68%. The business’s quarterly revenue was down 21.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $4.68 EPS. Equities analysts expect that Coinbase Global will post 7.22 earnings per share for the current fiscal year.

Insider Buying and Selling at Coinbase Global

In other Coinbase Global news, Director Frederick Ernest Ehrsam III sold 1,375 shares of Coinbase Global stock in a transaction that occurred on Thursday, January 15th. The shares were sold at an average price of $250.27, for a total value of $344,121.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Brian Armstrong sold 40,000 shares of the business’s stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $248.96, for a total transaction of $9,958,400.00. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 438,120 shares of company stock worth $73,878,750 over the last ninety days. 16.56% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Coinbase Global

Several institutional investors have recently bought and sold shares of COIN. Vanguard Group Inc. raised its stake in shares of Coinbase Global by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 26,400,836 shares of the cryptocurrency exchange’s stock valued at $5,970,285,000 after acquiring an additional 184,043 shares in the last quarter. Geode Capital Management LLC boosted its position in Coinbase Global by 3.2% during the fourth quarter. Geode Capital Management LLC now owns 6,098,062 shares of the cryptocurrency exchange’s stock worth $1,374,080,000 after purchasing an additional 189,080 shares during the period. Paradigm Operations LP grew its holdings in Coinbase Global by 3.3% during the fourth quarter. Paradigm Operations LP now owns 4,262,458 shares of the cryptocurrency exchange’s stock valued at $963,912,000 after purchasing an additional 134,425 shares during the last quarter. Norges Bank bought a new position in shares of Coinbase Global in the second quarter valued at approximately $1,044,354,000. Finally, ARK Investment Management LLC lifted its stake in shares of Coinbase Global by 6.1% in the fourth quarter. ARK Investment Management LLC now owns 2,541,928 shares of the cryptocurrency exchange’s stock worth $574,832,000 after buying an additional 146,388 shares during the last quarter. 68.84% of the stock is currently owned by institutional investors.

Trending Headlines about Coinbase Global

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

• Positive Sentiment: New revenue/product initiatives: Coinbase partnered with Better to enable token‑backed, conforming mortgages (buyers can pledge BTC or USDC for down payments), which diversifies product offerings and could create new fees and custody flows. Better and Coinbase Launch the First Token-Backed, Conforming Mortgage
• Positive Sentiment: Street support remains: Goldman Sachs reaffirmed a Buy on COIN (lowered PT to $235 but keeps Buy), signaling analyst conviction that shares can recover as crypto markets stabilize. Goldman Sachs Sets COIN Target at $235
• Positive Sentiment: Venture and ecosystem bets: Coinbase Ventures participated in deals (e.g., Tazapay funding), keeping the firm engaged in infrastructure that can feed future product/pricing opportunities. Circle leads Tazapay extension as total Series B reaches $36M
• Neutral Sentiment: Institutional research / survey takeaways (Coinbase/EY): results on institutional allocations (e.g., interest in Solana/XRP) highlight Coinbase’s role supplying research and custody to big buyers but are indirect for near‑term revenue. Survey Shows Institutions Want Solana Over XRP And Dogecoin
• Negative Sentiment: Custody/insurance pain points: reporting that crypto thefts reached $2.7B and that Coinbase’s coverage limits have left some investors exposed — plus a published denial of a ~$100k claim — are fueling concerns about client protection and litigation/PR risk. Crypto Thefts Hit $2.7 Billion as Coinbase Coverage Limits Raise Investor Questions
• Negative Sentiment: Regulatory and legal friction: Coinbase continues to oppose parts of the Senate’s stablecoin/market‑structure talks and is engaged in lawsuits over prediction markets (Michigan), drawing regulatory scrutiny and potential constraints on core product strategies. Coinbase opposes latest crypto bill stablecoin compromise
• Negative Sentiment: User backlash over prediction‑market promos: reports of aggressive in‑app notifications promoting event bets have dented trust and raised consumer‑protection concerns that could attract regulatory attention. Coinbase users push back against prediction markets notifications

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.