Coinbase Global (NASDAQ:COIN) Upgraded by Bank of America to Buy Rating

Bank of America upgraded shares of Coinbase Global (NASDAQ:COIN) from a neutral rating to a buy rating in a research report sent to investors on Thursday morning, Marketbeat Ratings reports. Bank of America currently has $340.00 price objective on the cryptocurrency exchange’s stock.

Other analysts have also issued research reports about the company. HC Wainwright upgraded Coinbase Global from a “sell” rating to a “buy” rating and boosted their price target for the company from $300.00 to $425.00 in a report on Thursday, October 30th. Redburn Partners set a $417.00 target price on Coinbase Global in a report on Friday, October 3rd. The Goldman Sachs Group upgraded Coinbase Global from a “neutral” rating to a “buy” rating and set a $303.00 price target on the stock in a research note on Monday. Deutsche Bank Aktiengesellschaft assumed coverage on Coinbase Global in a report on Wednesday, December 17th. They issued a “buy” rating and a $340.00 price objective for the company. Finally, President Capital increased their target price on shares of Coinbase Global from $401.00 to $472.00 and gave the stock a “buy” rating in a report on Wednesday, November 5th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $376.74.

Coinbase Global Stock Down 0.1%

Shares of COIN opened at $245.59 on Thursday. The firm has a market capitalization of $66.22 billion, a P/E ratio of 21.24 and a beta of 3.70. Coinbase Global has a 12-month low of $142.58 and a 12-month high of $444.64. The firm has a fifty day moving average price of $265.42 and a 200-day moving average price of $315.86. The company has a current ratio of 2.40, a quick ratio of 2.40 and a debt-to-equity ratio of 0.37.

Coinbase Global (NASDAQ:COIN) last announced its quarterly earnings data on Thursday, October 30th. The cryptocurrency exchange reported $1.44 earnings per share for the quarter, beating analysts’ consensus estimates of $1.04 by $0.40. The company had revenue of $1.87 billion during 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 firm’s revenue for the quarter was up 55.1% on a year-over-year basis. During the same quarter last year, the business posted $0.28 EPS. Equities research analysts expect that Coinbase Global will post 7.22 earnings per share for the current year.

Insider Activity

In other news, CFO Alesia J. Haas sold 5,633 shares of the firm’s stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $266.49, for a total value of $1,501,138.17. Following the sale, the chief financial officer directly owned 78,714 shares in the company, valued at approximately $20,976,493.86. This trade represents a 6.68% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Brian Armstrong sold 40,000 shares of Coinbase Global stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $248.96, for a total transaction of $9,958,400.00. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 839,554 shares of company stock valued at $248,795,837. Corporate insiders own 16.56% of the company’s stock.

Institutional Trading of Coinbase Global

Hedge funds and other institutional investors have recently made changes to their positions in the business. Cadent Capital Advisors LLC increased its position in Coinbase Global by 1.0% during the 2nd quarter. Cadent Capital Advisors LLC now owns 3,162 shares of the cryptocurrency exchange’s stock valued at $1,108,000 after buying an additional 30 shares in the last quarter. Ameriflex Group Inc. grew its stake in shares of Coinbase Global by 20.0% during the second quarter. Ameriflex Group Inc. now owns 180 shares of the cryptocurrency exchange’s stock worth $68,000 after acquiring an additional 30 shares during the last quarter. Capital Advisors Wealth Management LLC grew its stake in shares of Coinbase Global by 2.0% during the third quarter. Capital Advisors Wealth Management LLC now owns 1,549 shares of the cryptocurrency exchange’s stock worth $523,000 after acquiring an additional 30 shares during the last quarter. Elevation Wealth Partners LLC raised its position in shares of Coinbase Global by 37.6% in the 3rd quarter. Elevation Wealth Partners LLC now owns 117 shares of the cryptocurrency exchange’s stock valued at $39,000 after purchasing an additional 32 shares during the last quarter. Finally, West Family Investments Inc. boosted its stake in Coinbase Global by 3.3% in the 3rd quarter. West Family Investments Inc. now owns 1,029 shares of the cryptocurrency exchange’s stock worth $347,000 after purchasing an additional 33 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: BofA upgraded COIN from Neutral to Buy and set a $340 price target, arguing expanding product scope, tokenization opportunities and higher‑margin infrastructure revenue create significant upside. Read More.
• Positive Sentiment: CNBC’s “The Exchange” discussed the BofA upgrade and the analyst’s bull thesis on Coinbase’s product expansion and revenue mix, amplifying investor attention. Read More.
• Positive Sentiment: Pre‑market coverage (TipRanks) highlighted the upgrade and noted a pre‑market surge after the BofA call, indicating immediate trading flow from the research change. Read More.
• Positive Sentiment: Third‑party integrations with Coinbase’s x402 ecosystem (example: OwlTing) reinforce the company’s push into real‑world payments and Agentic Commerce, supporting growth beyond spot exchange fees. Read More.
• Positive Sentiment: Strategic progress from 2025 (S&P 500 inclusion, multiple acquisitions including Deribit, MiCA approval) remains a structural positive for scale, product diversification and EU regulatory access. Read More.
• Neutral Sentiment: Management’s narrative that Coinbase will evolve into a “global market operator” beyond exchange trading is strategically significant but will take time and execution to materially change valuation. Read More.
• Neutral Sentiment: Internal research flagged long‑term quantum‑computing risks to Bitcoin’s cryptography — a technology risk that elevates awareness but isn’t an immediate revenue impact. Read More.
• Negative Sentiment: CEO Brian Armstrong warned that China’s decision to pay interest on its digital yuan could give China a payments edge and hurt adoption of U.S. dollar‑pegged stablecoins, highlighting a policy/competitive risk to Coinbase’s stablecoin and payments roadmap. Read More.
• Negative Sentiment: Insider selling: CEO Brian Armstrong and director Fred Ehrsam disclosed sales (early Jan), including a large Armstrong sale; insider disposals can sap short‑term sentiment even if scheduled. Read More.
• Negative Sentiment: Technical and market‑flow pressure (recent bearish chart patterns and bitcoin weakness) and regional execution frictions (e.g., paused fiat rails in Argentina) are contributing to near‑term downside risk. Read More. • Read More.

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.