Robert W. Baird Upgrades Coinbase Global (NASDAQ:COIN) to Hold

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

A number of other analysts also recently weighed in on the company. Barclays decreased their price objective on Coinbase Global from $291.00 to $258.00 and set an “equal weight” rating for the company in a report on Thursday, January 8th. Sanford C. Bernstein reissued an “outperform” rating and issued a $440.00 price target on shares of Coinbase Global in a research note on Tuesday, January 6th. Rothschild & Co Redburn lowered their price objective on Coinbase Global from $404.00 to $403.00 and set a “buy” rating for the company in a research report on Friday, January 16th. Redburn Partners set a $417.00 price objective on Coinbase Global in a research note on Friday, October 3rd. Finally, Raymond James Financial reissued a “market perform” rating on shares of Coinbase Global in a research report on Thursday, January 8th. One equities 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 issued a Sell rating to the stock. According to MarketBeat.com, Coinbase Global currently has a consensus rating of “Moderate Buy” and a consensus target price of $356.27.

Coinbase Global Trading Down 4.9%

COIN opened at $199.18 on Tuesday. Coinbase Global has a fifty-two week low of $142.58 and a fifty-two week high of $444.64. 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 firm has a market capitalization of $53.71 billion, a price-to-earnings ratio of 17.23 and a beta of 3.70. The company’s 50 day moving average price is $245.86 and its two-hundred day moving average price is $302.61.

Coinbase Global (NASDAQ:COIN) last released its quarterly earnings results on Thursday, October 30th. The cryptocurrency exchange reported $1.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.04 by $0.40. The firm had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.77 billion. Coinbase Global had a net margin of 41.99% and a return on equity of 15.70%. The company’s revenue for the quarter was up 55.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.28 earnings per share. As a group, research analysts predict that Coinbase Global will post 7.22 earnings per share for the current year.

Insider Transactions at Coinbase Global

In related news, CFO Alesia J. Haas sold 8,050 shares of the business’s stock in a transaction on Thursday, January 15th. The shares were sold at an average price of $250.00, for a total transaction of $2,012,500.00. Following the transaction, the chief financial officer owned 70,664 shares in the company, valued at $17,666,000. The trade was a 10.23% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Frederick Ernest Ehrsam III sold 1,375 shares of the stock in a transaction on Thursday, January 15th. The stock was sold at an average price of $250.27, for a total transaction of $344,121.25. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 820,587 shares of company stock valued at $240,717,580 in the last quarter. 16.56% of the stock is currently owned by company insiders.

Institutional Trading of Coinbase Global

Several large investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in Coinbase Global by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 26,400,836 shares of the cryptocurrency exchange’s stock worth $5,970,285,000 after acquiring an additional 184,043 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Coinbase Global by 46.1% during the second quarter. Geode Capital Management LLC now owns 5,559,513 shares of the cryptocurrency exchange’s stock valued at $1,940,805,000 after acquiring an additional 1,755,146 shares in the last quarter. Norges Bank acquired a new position in shares of Coinbase Global during the second quarter worth approximately $1,044,354,000. Northern Trust Corp lifted its holdings in shares of Coinbase Global by 5.9% in the 3rd quarter. Northern Trust Corp now owns 1,959,871 shares of the cryptocurrency exchange’s stock worth $661,437,000 after purchasing an additional 108,751 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in Coinbase Global by 53.0% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 1,455,916 shares of the cryptocurrency exchange’s stock valued at $510,284,000 after purchasing an additional 504,068 shares during the period. 68.84% of the stock is currently owned by institutional investors and hedge funds.

Key Coinbase Global News

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

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.