Coinbase Global (NASDAQ:COIN) Price Target Raised to $189.00

Coinbase Global (NASDAQ:COIN) had its price objective hoisted by JPMorgan Chase & Co. from $148.00 to $189.00 in a research note released on Monday morning,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the cryptocurrency exchange’s stock.

COIN has been the topic of a number of other reports. Oppenheimer dropped their target price on Coinbase Global from $209.00 to $193.00 and set an “outperform” rating on the stock in a research report on Friday, July 31st. Benchmark cut their price target on Coinbase Global from $270.00 to $230.00 and set a “buy” rating on the stock in a research note on Friday, July 31st. Sanford C. Bernstein reissued an “outperform” rating and issued a $330.00 price target on shares of Coinbase Global in a report on Friday, July 31st. Piper Sandler increased their price target on Coinbase Global from $146.00 to $170.00 and gave the company a “neutral” rating in a report on Friday, October 2nd. Finally, HC Wainwright restated a “buy” rating and set a $265.00 price objective on shares of Coinbase Global in a research note on Friday, July 31st. Twenty equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Coinbase Global has an average rating of “Hold” and a consensus price target of $222.16.

Coinbase Global Stock Performance

Coinbase Global stock opened at $162.32 on Monday. Coinbase Global has a 12-month low of $139.11 and a 12-month high of $361.40. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.42 and a quick ratio of 2.42. The company has a market capitalization of $42.83 billion, a price-to-earnings ratio of -42.27 and a beta of 3.41. The firm’s fifty day moving average price is $180.31 and its 200 day moving average price is $179.72.

Coinbase Global (NASDAQ:COIN) last posted its quarterly earnings data on Thursday, July 30th. The cryptocurrency exchange reported ($1.36) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.44) by ($0.92). The firm had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.29 billion. Coinbase Global had a negative net margin of 15.72% and a positive return on equity of 3.12%. The business’s quarterly revenue was down 18.5% on a year-over-year basis. During the same period in the previous year, the company earned $5.14 earnings per share. On average, research analysts forecast that Coinbase Global will post -0.45 EPS for the current fiscal year.

Insider Buying and Selling at Coinbase Global

In other Coinbase Global news, CAO Jennifer Jones sold 2,062 shares of Coinbase Global 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Frederick Wilson sold 35,068 shares of the company’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $144.32, for a total value of $5,061,013.76. 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. Over the last three months, insiders sold 127,188 shares of company stock worth $23,029,558. Insiders own 16.66% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. MGO One Seven LLC lifted its holdings in shares of Coinbase Global by 17.2% in the third quarter. MGO One Seven LLC now owns 2,572 shares of the cryptocurrency exchange’s stock valued at $479,000 after buying an additional 378 shares during the period. Greenup Street Wealth Management LLC grew its holdings in Coinbase Global by 12.7% during the third quarter. Greenup Street Wealth Management LLC now owns 14,186 shares of the cryptocurrency exchange’s stock worth $2,644,000 after acquiring an additional 1,597 shares during the period. International Assets Investment Management LLC grew its holdings in Coinbase Global by 2,948.8% during the third quarter. International Assets Investment Management LLC now owns 50,000 shares of the cryptocurrency exchange’s stock worth $9,320,000 after acquiring an additional 48,360 shares during the period. Partners Wealth Management LLC acquired a new position in Coinbase Global during the third quarter worth about $42,554,000. Finally, Soltis Investment Advisors LLC acquired a new position in Coinbase Global during the third quarter worth about $264,000. Institutional investors and hedge funds own 68.84% of the company’s stock.

Key Stories Impacting Coinbase Global

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

• Positive Sentiment: RLUSD listing expands stablecoin activity: Coinbase added Ripple’s RLUSD stablecoin across its retail, exchange and institutional platforms, including support for the XRP Ledger, Base and Ethereum. The listing could increase trading volume, liquidity and fee opportunities while strengthening Coinbase’s role as a distribution platform for digital-dollar products. Coinbase Adds Ripple’s RLUSD Stablecoin
• Positive Sentiment: Stablecoin and payments growth support diversification: Analysts highlighted record USDC balances of roughly $20 billion, banking partnerships and Coinbase’s collaboration with Thunes to connect stablecoins with local bank accounts and mobile wallets. These initiatives could create more recurring revenue beyond cryptocurrency trading. Stablecoin Adoption Analysis
• Positive Sentiment: New financial products broaden revenue potential: Coinbase introduced fixed-rate Bitcoin-backed loans, while its expansion into derivatives, prediction markets, tokenized stocks and AI-related applications offers additional long-term growth avenues. Coinbase Fixed-Rate Bitcoin-Backed Loans

About Coinbase Global

Coinbase Global, Inc operates a digital-asset financial infrastructure and technology platform. Through its Coinbase platform, the company enables individuals and institutions to buy, sell, store, transfer and use cryptocurrencies and other digital assets. Its services are designed to support both retail customers and institutional participants in the digital-asset economy.

The company offers cryptocurrency trading, custody and staking services, as well as subscription products and institutional solutions.