Bank of America Cuts Coinbase Global (NASDAQ:COIN) Price Target to $234.00

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

Several other brokerages also recently commented on COIN. Needham & Company LLC reduced their target price on shares of Coinbase Global from $290.00 to $230.00 and set a “buy” rating for the company in a report on Friday, February 13th. BTIG Research lowered their price target on shares of Coinbase Global from $340.00 to $280.00 and set a “buy” rating on the stock in a report on Friday, February 13th. Barclays cut their price objective on shares of Coinbase Global from $258.00 to $148.00 and set an “equal weight” rating for the company in a research report on Friday, February 13th. Raymond James Financial restated a “market perform” rating on shares of Coinbase Global in a research note on Thursday, January 8th. Finally, Rothschild & Co Redburn decreased their target price on shares of Coinbase Global from $281.00 to $254.00 and set a “buy” rating on the stock in a research report on Thursday. Nineteen research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $262.54.

Coinbase Global Price Performance

COIN opened at $171.46 on Thursday. The stock’s fifty day simple moving average is $181.73 and its 200 day simple moving average is $251.77. Coinbase Global has a 1-year low of $139.36 and a 1-year high of $444.64. The stock has a market cap of $45.28 billion, a PE ratio of 39.06, a price-to-earnings-growth ratio of 3.31 and a beta of 3.60. The company has a current ratio of 2.34, a quick ratio of 2.34 and a debt-to-equity ratio of 0.40.

Coinbase Global (NASDAQ:COIN) last released its quarterly earnings data on Thursday, February 12th. The cryptocurrency exchange reported $0.66 EPS for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.17). Coinbase Global had a return on equity of 8.68% and a net margin of 17.55%.The company had revenue of $1.78 billion for the quarter, compared to the consensus estimate of $1.86 billion. During the same period last year, the firm earned $4.68 earnings per share. The company’s revenue for the quarter was down 21.6% compared to the same quarter last year. As a group, research analysts expect that Coinbase Global will post 7.22 earnings per share for the current year.

Insider Transactions at Coinbase Global

In other Coinbase Global news, CFO Alesia J. Haas sold 9,950 shares of the business’s stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $201.60, for a total transaction of $2,005,920.00. Following the completion of the transaction, the chief financial officer directly owned 387,221 shares in the company, valued at $78,063,753.60. The trade was a 2.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Brian Armstrong sold 40,000 shares of the company’s stock in a transaction on Monday, January 5th. The stock was sold at an average price of $248.96, for a total value of $9,958,400.00. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 438,120 shares of company stock valued at $73,878,750. Company insiders own 16.56% of the company’s stock.

Hedge Funds Weigh In On Coinbase Global

Several hedge funds and other institutional investors have recently modified their holdings of COIN. Capital Advisors Wealth Management LLC lifted its position in shares of Coinbase Global by 2.0% during the 3rd quarter. Capital Advisors Wealth Management LLC now owns 1,549 shares of the cryptocurrency exchange’s stock worth $523,000 after buying an additional 30 shares during the last quarter. Elevation Wealth Partners LLC grew its position in Coinbase Global by 37.6% in the third quarter. Elevation Wealth Partners LLC now owns 117 shares of the cryptocurrency exchange’s stock valued at $39,000 after acquiring an additional 32 shares during the last quarter. West Family Investments Inc. raised its stake in Coinbase Global by 3.3% during the third quarter. West Family Investments Inc. now owns 1,029 shares of the cryptocurrency exchange’s stock worth $347,000 after acquiring an additional 33 shares in the last quarter. StoneX Group Inc. raised its stake in Coinbase Global by 1.8% during the second quarter. StoneX Group Inc. now owns 1,970 shares of the cryptocurrency exchange’s stock worth $690,000 after acquiring an additional 34 shares in the last quarter. Finally, Forvis Mazars Wealth Advisors LLC lifted its holdings in shares of Coinbase Global by 3.4% in the third quarter. Forvis Mazars Wealth Advisors LLC now owns 1,040 shares of the cryptocurrency exchange’s stock worth $351,000 after acquiring an additional 34 shares during the last quarter. Institutional investors own 68.84% of the company’s stock.

More Coinbase Global News

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

• Positive Sentiment: OCC conditional approval for a national trust charter — a major regulatory milestone that could expand Coinbase’s custody and institutional payments capabilities (Coinbase says it won’t become a commercial bank). Coinbase gets conditional US approval for trust charter (Reuters)
• Positive Sentiment: Coinbase moved its x402 protocol into a Linux Foundation‑backed x402 Foundation with Cloudflare, Stripe and many big tech/finance partners — strengthens Coinbase’s role in internet‑native payments and could drive enterprise adoption. Coinbase‑initiated x402 Foundation (Blockonomi)
• Positive Sentiment: Regulatory clarity may be near: Coinbase’s CLO says the Senate CLARITY Act compromise on stablecoin rules is “very close,” which could reduce legal/regulatory risk if settled favorably. Coinbase CLO: CLARITY Act near deal (Cointelegraph)
• Neutral Sentiment: Institutional product activity and integrations (e.g., Chainlink adoption, DataLink publishing) show ongoing product traction but are longer‑term positives rather than immediate catalysts. Chainlink recap referencing Coinbase (Blockonomi)
• Negative Sentiment: Industry and banking pushback — the Independent Community Bankers of America says the OCC’s approval of Coinbase’s trust charter is deficient and risky; sustained opposition from banks raises regulatory and political uncertainty. Community banks oppose Coinbase trust charter (Cointelegraph)
• Negative Sentiment: Multiple analyst price‑target cuts and notes trim near‑term upside expectations (Bank of America, Bernstein, Robert W. Baird, Rothschild/Redburn among firms lowering targets or reiterating tempered views). Analyst revisions often pressure short‑term stock performance. BofA lowers COIN price target (MarketScreener) Bernstein cuts PT (Yahoo Finance)
• Negative Sentiment: Competitive risk: Circle’s announcement of cirBTC (wrapped BTC aimed at institutions) could pressure Coinbase’s custody/wrapped‑BTC market share and fee economics. Circle to launch cirBTC (Cointelegraph)
• Negative Sentiment: Market flow risk: Bitcoin selling pressure and crypto market weakness have pressured COIN shares intraday, tying Coinbase’s near‑term performance to BTC price swings. Coinbase slides as Bitcoin sells off (Benzinga)

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.