Coinbase Global (NASDAQ:COIN) Stock Price Expected to Rise, Morgan Stanley Analyst Says

Coinbase Global (NASDAQ:COIN) had its price objective boosted by stock analysts at Morgan Stanley from $250.00 to $258.00 in a report issued on Friday, Benzinga reports. The brokerage presently has an “equal weight” rating on the cryptocurrency exchange’s stock. Morgan Stanley’s target price would indicate a potential upside of 50.00% from the company’s current price.

COIN has been the subject of a number of other research reports. Argus reaffirmed a “hold” rating on shares of Coinbase Global in a research report on Wednesday, August 26th. Barclays lifted their price target on shares of Coinbase Global from $95.00 to $149.00 and gave the company an “underweight” rating in a research report on Wednesday. Zacks Research raised shares of Coinbase Global from a “strong sell” rating to a “hold” rating in a report on Wednesday, September 9th. Mizuho set a $155.00 target price on shares of Coinbase Global in a research note on Friday, July 31st. Finally, Raymond James Financial initiated coverage on shares of Coinbase Global in a report on Wednesday, July 22nd. They issued a “market perform” rating on the stock. Twenty investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $224.29.

Coinbase Global Price Performance

Shares of NASDAQ:COIN opened at $172.00 on Friday. Coinbase Global has a fifty-two week low of $139.11 and a fifty-two week high of $402.16. The business has a 50-day moving average of $174.67 and a two-hundred day moving average of $175.13. The stock has a market capitalization of $45.38 billion, a P/E ratio of -44.79 and a beta of 3.41. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.42 and a quick ratio of 2.42.

Coinbase Global (NASDAQ:COIN) last issued its quarterly earnings data on Thursday, July 30th. The cryptocurrency exchange reported ($1.36) EPS for the quarter, missing analysts’ consensus estimates of ($0.44) by ($0.92). Coinbase Global had a negative net margin of 15.72% and a positive return on equity of 3.12%. The company had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same period in the prior year, the company posted $5.14 EPS. The business’s revenue was down 18.5% on a year-over-year basis. On average, equities research analysts predict that Coinbase Global will post -0.48 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CAO Jennifer Jones sold 2,062 shares of the stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $188.75, for a total value of $389,202.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Alesia Haas sold 39,030 shares of the firm’s stock in a transaction on Monday, September 21st. The stock was sold at an average price of $205.24, for a total transaction of $8,010,517.20. Following the completion of the sale, the chief financial officer owned 345,376 shares in the company, valued at approximately $70,884,970.24. The trade was a 10.15% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 127,188 shares of company stock valued at $23,029,558 in the last three months. 16.66% of the stock is owned by corporate insiders.

Institutional Trading of Coinbase Global

Several hedge funds and other institutional investors have recently bought and sold shares of COIN. Readystate Asset Management LP bought a new position in shares of Coinbase Global in the second quarter valued at approximately $2,587,000. Nykredit A S bought a new stake in Coinbase Global during the 2nd quarter worth approximately $12,395,000. Sequoia Financial Advisors LLC grew its position in Coinbase Global by 185.5% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 25,507 shares of the cryptocurrency exchange’s stock worth $3,729,000 after acquiring an additional 16,572 shares during the last quarter. First Citizens Bank & Trust Co. increased its holdings in Coinbase Global by 37.4% during the 1st quarter. First Citizens Bank & Trust Co. now owns 40,467 shares of the cryptocurrency exchange’s stock valued at $7,066,000 after purchasing an additional 11,020 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its holdings in Coinbase Global by 366.7% during the 2nd quarter. Assenagon Asset Management S.A. now owns 154,702 shares of the cryptocurrency exchange’s stock valued at $22,616,000 after purchasing an additional 121,552 shares in the last quarter. 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: Samsung partnership expands USDC distribution. Coinbase and Samsung plan to make USDC the default dollar stablecoin in Samsung Wallet for eligible U.S. Galaxy users, potentially reaching as many as 82 million devices. The rollout could increase USDC balances, payment activity and Coinbase’s stablecoin-related revenue opportunities. 82 Million Galaxy Devices Will Support USDC Transfers This October
• Positive Sentiment: Broader derivatives and trading offerings support diversification. Coinbase completed its Deribit integration, giving eligible U.S. customers access to global options and perpetual-futures liquidity through its regulated platform. Coinbase also plans to revive the Coinbase Pro brand by year-end with crypto options, stock trading and additional tools, which could attract more active traders and diversify transaction revenue. Coinbase brings global crypto derivatives liquidity to US with Deribit integration
• Positive Sentiment: Analyst support remains constructive. BTIG reiterated a Buy rating and a $240 price target, citing strengthening fundamentals and Coinbase’s growing diversification. Separately, commentary highlighted record USDC balances and potential recurring revenue across payments, custody, lending, trading and the Base network. BTIG Reiterates Buy on Coinbase
• Neutral Sentiment: Government Bitcoin transfers create uncertainty. The U.S. government moved approximately $1.87 billion of seized Bitcoin, including transfers to Coinbase Prime, but analysts found no confirmed sale. The transactions could increase market-supply concerns, although they may also generate custody or execution activity for Coinbase. US government moves seized Bitcoin to Coinbase Prime
• Negative Sentiment: Michigan is removing Coinbase sports prediction markets. Coinbase will discontinue sports prediction markets for Michigan customers amid regulatory pressure from the state attorney general. The move is likely a limited revenue setback but underscores the compliance risks facing Coinbase’s expansion into prediction markets. Coinbase Users in Michigan Will Lose Sports Markets

About Coinbase Global

Coinbase Global, Inc operates a digital-asset platform that enables individuals, businesses and institutions to buy, sell, store and use cryptocurrencies. Its services include a cryptocurrency exchange, digital-asset custody, staking and related trading products, as well as tools designed to support institutional participation in the crypto economy.

The company also offers Coinbase Wallet, a self-custody wallet that allows users to manage digital assets and interact with decentralized applications.