Oppenheimer Cuts Coinbase Global (NASDAQ:COIN) Price Target to $370.00

Coinbase Global (NASDAQ:COIN) had its target price lowered by Oppenheimer from $381.00 to $370.00 in a report published on Monday morning,Benzinga reports. Oppenheimer currently has an outperform rating on the cryptocurrency exchange’s stock.

COIN has been the topic of several other reports. Sanford C. Bernstein reiterated an “outperform” rating and issued a $440.00 price objective on shares of Coinbase Global in a research report on Tuesday, January 6th. UBS Group set a $340.00 target price on shares of Coinbase Global in a report on Wednesday, December 17th. JPMorgan Chase & Co. cut their target price on shares of Coinbase Global from $404.00 to $399.00 and set an “overweight” rating for the company in a research report on Friday, October 31st. China Renaissance increased their price target on shares of Coinbase Global from $444.60 to $479.30 in a research report on Monday, November 3rd. Finally, HC Wainwright raised shares of Coinbase Global from a “sell” rating to a “buy” rating and raised their price objective for the stock from $300.00 to $425.00 in a research note on Thursday, October 30th. One research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $372.51.

Coinbase Global Stock Up 1.3%

COIN stock opened at $255.86 on Monday. Coinbase Global has a one year low of $142.58 and a one year high of $444.64. The stock has a market capitalization of $68.99 billion, a PE ratio of 22.13 and a beta of 3.70. The company has a debt-to-equity ratio of 0.37, a quick ratio of 2.40 and a current ratio of 2.40. The company has a fifty day moving average of $259.25 and a 200-day moving average of $312.87.

Coinbase Global (NASDAQ:COIN) last issued its quarterly earnings results on Thursday, October 30th. The cryptocurrency exchange reported $1.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.04 by $0.40. The business had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.77 billion. Coinbase Global had a net margin of 41.99% and a return on equity of 15.70%. The business’s revenue was up 55.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.28 earnings per share. As a group, analysts expect that Coinbase Global will post 7.22 EPS for the current year.

Insider Activity

In related news, CEO Brian Armstrong sold 40,000 shares of the company’s stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $271.87, for a total transaction of $10,874,800.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, COO Emilie Choi sold 100,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 11th. The stock was sold at an average price of $310.88, for a total transaction of $31,088,000.00. Following the sale, the chief operating officer owned 187,802 shares in the company, valued at approximately $58,383,885.76. This trade represents a 34.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 808,412 shares of company stock valued at $237,645,711 over the last 90 days. Insiders own 16.56% of the company’s stock.

Hedge Funds Weigh In On Coinbase Global

Large investors have recently bought and sold shares of the stock. REAP Financial Group LLC purchased a new stake in shares of Coinbase Global during the 3rd quarter valued at about $25,000. Evelyn Partners Investment Management Europe Ltd grew its position in Coinbase Global by 92.3% in the second quarter. Evelyn Partners Investment Management Europe Ltd now owns 75 shares of the cryptocurrency exchange’s stock valued at $29,000 after acquiring an additional 36 shares in the last quarter. Palisade Asset Management LLC purchased a new stake in shares of Coinbase Global during the third quarter valued at approximately $29,000. Cullen Frost Bankers Inc. purchased a new stake in shares of Coinbase Global during the second quarter valued at approximately $30,000. Finally, Salomon & Ludwin LLC lifted its position in shares of Coinbase Global by 4,400.0% during the third quarter. Salomon & Ludwin LLC now owns 90 shares of the cryptocurrency exchange’s stock worth $30,000 after purchasing an additional 88 shares in the last quarter. Hedge funds and other 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: Bitcoin rally lifts exchange volumes and trading activity, supporting Coinbase’s revenue outlook as BTC climbs above $97,000 — a key near-term driver for COIN. Bitcoin Is on the Rise Again. Why Some Experts Think This Might Last a While
• Positive Sentiment: Market commentary notes COIN moved higher even as the broader market dipped, reflecting crypto-led upside and investor interest. Coinbase Global, Inc. (COIN) Rises As Market Takes a Dip: Key Facts
• Positive Sentiment: Product/partnership development: Sharps Technology will use Coinbase to launch a Solana validator, showing ongoing product uptake and ecosystem expansion. Sharps Technology Taps Coinbase to Launch Solana Validator
• Neutral Sentiment: Senate markup is imminent (vote in ~72 hours) and odds of a clean bill are seen as low, keeping regulatory outcomes highly uncertain — this is a catalyst but outcome remains unclear. Senate Crypto Vote In 72 Hours: What Are The Chances Of The Bill Passing?
• Neutral Sentiment: Comparative analyst pieces (e.g., CRCL vs COIN) emphasize that different business models (stablecoin/platform vs trading-led) affect resilience — useful context for relative valuation decisions. CRCL vs. COIN: Which Crypto-Infrastructure Stock Has an Edge Now?
• Negative Sentiment: Regulatory setback: CEO Brian Armstrong announced Coinbase cannot support the Senate’s Digital Asset Market Clarity Act in its current form, saying it would be “materially worse” than the status quo — this raises the chance of prolonged uncertainty and political friction. Coinbase cannot support crypto bill in current form, CEO Armstrong says
• Negative Sentiment: Coinbase publicly withdrew support for the Clarity/Market Structure bill, arguing a “no bill” outcome is preferable to a bad bill — this could complicate industry lobbying dynamics and pressure near-term sentiment. Coinbase pulls support for crypto bill: ‘no bill’ better than ‘bad bill’
• Negative Sentiment: Analyst/price-target pressure: Bernstein cut its price target and Oppenheimer issued a pessimistic forecast, which could temper investor upside despite strong underlying volumes. Bernstein Lowers PT on Coinbase Global (COIN) Stock Oppenheimer Issues Pessimistic Forecast for Coinbase Global (NASDAQ:COIN) Stock Price

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.