Coinbase Global (NASDAQ:COIN) Price Target Cut to $234.00 by Analysts at Bank of America

Coinbase Global (NASDAQ:COIN) had its price objective lowered by Bank of America from $288.00 to $234.00 in a research note published on Thursday morning,MarketScreener reports.

Other research analysts have also issued research reports about the company. The Goldman Sachs Group cut their price objective on Coinbase Global from $270.00 to $235.00 and set a “buy” rating for the company in a research report on Thursday, March 26th. Jefferies Financial Group dropped their price target on Coinbase Global from $268.00 to $151.00 and set a “hold” rating for the company in a research note on Friday, February 13th. China Renaissance cut their price target on Coinbase Global from $301.50 to $223.20 and set a “buy” rating for the company in a report on Monday, February 23rd. UBS Group set a $264.00 price objective on Coinbase Global in a research note on Friday, February 13th. Finally, Benchmark decreased their price objective on Coinbase Global from $421.00 to $267.00 and set a “buy” rating on the stock in a report on Friday, February 13th. Nineteen research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $262.54.

Coinbase Global Price Performance

COIN stock opened at $171.46 on Thursday. Coinbase Global has a one year low of $139.36 and a one year high of $444.64. The company’s fifty day moving average price is $182.64 and its 200-day moving average price is $253.38. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.34 and a current ratio of 2.34. The company has a market capitalization of $45.28 billion, a PE ratio of 39.06, a price-to-earnings-growth ratio of 3.00 and a beta of 3.60.

Coinbase Global (NASDAQ:COIN) last posted its earnings results on Thursday, February 12th. The cryptocurrency exchange reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.83 by ($0.17). The company 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 revenue was down 21.6% on a year-over-year basis. During the same period in the previous year, the business posted $4.68 earnings per share. On average, equities analysts anticipate that Coinbase Global will post 7.22 EPS for the current fiscal year.

Insider Buying and Selling

In other Coinbase Global news, CFO Alesia J. Haas sold 364,600 shares of the business’s stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $154.95, for a total transaction of $56,494,770.00. Following the sale, the chief financial officer directly owned 402,165 shares of the company’s stock, valued at $62,315,466.75. The trade was a 47.55% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Brian Armstrong sold 40,000 shares of the company’s stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $248.96, for a total value of $9,958,400.00. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 438,120 shares of company stock worth $73,878,750. Corporate insiders own 16.56% of the company’s stock.

Institutional Trading of Coinbase Global

A number of institutional investors have recently bought and sold shares of COIN. REAP Financial Group LLC bought a new position in Coinbase Global during the third quarter valued at $25,000. MV Capital Management Inc. bought a new stake in shares of Coinbase Global in the 4th quarter worth about $27,000. Palisade Asset Management LLC bought a new stake in shares of Coinbase Global in the 3rd quarter worth about $29,000. Salomon & Ludwin LLC boosted its stake in shares of Coinbase Global by 4,400.0% during the 3rd quarter. Salomon & Ludwin LLC now owns 90 shares of the cryptocurrency exchange’s stock worth $30,000 after purchasing an additional 88 shares during the period. Finally, Osbon Capital Management LLC bought a new position in Coinbase Global during the 4th quarter valued at about $30,000. 68.84% of the stock is currently owned by institutional investors.

More Coinbase Global News

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

• Positive Sentiment: Conditional OCC approval for a national trust company advances Coinbase’s regulatory standing and could broaden institutional custody and payment offerings without turning the firm into a traditional bank. This is a key credibility boost for institutional investors. Coinbase clears key regulatory hurdle in bid to bolster its stablecoin business
• Positive Sentiment: Coinbase contributed its x402 payments protocol to the Linux Foundation and helped launch the x402 Foundation with partners such as Stripe and Cloudflare — a move that could position Coinbase at the center of a new internet-native payments standard for both fiat and crypto rails. Linux Foundation and Coinbase Launch x402 Foundation for AI Agents
• Positive Sentiment: Coinbase’s chief legal officer says a compromise on the CLARITY Act (stablecoin/yield rules) appears imminent, which would reduce regulatory uncertainty that has weighed on crypto platforms. Clear federal rules would be a material positive for exchanges. Coinbase CLO says Senate CLARITY compromise is close, but no markup date set
• Neutral Sentiment: Bernstein reiterated an “Outperform” rating but cut its price target substantially (from $440 to $330), signaling conviction in the secular thesis but acknowledging near‑term valuation risk tied to crypto market multiples. Bernstein Cuts PT on Coinbase Global (COIN), Reiterates “Outperform” Rating
• Negative Sentiment: Analyst downward pressure: Robert W. Baird trimmed its price target to $200 (now Neutral) and Barclays reset a lower target, actions that have pressured the stock and reflect caution around near‑term revenue sensitivity to crypto prices. Robert W. Baird Lowers Coinbase Global (NASDAQ:COIN) Price Target to $200.00
• Negative Sentiment: Bitcoin selling pressure is dragging exchange volumes and sentiment; Coinbase shares have moved with BTC volatility, so downside in crypto prices is an immediate headwind to revenue. Coinbase Stock Slides As Bitcoin Faces Selling Pressure
• Negative Sentiment: Competition risk: Circle’s announcement of cirBTC (a wrapped‑BTC product aimed at institutions) could intensify competition in tokenized BTC custody/wrapping services — a market where Coinbase currently competes. Circle to launch cirBTC wrapped Bitcoin, challenging BitGo and Coinbase

About Coinbase Global

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.