Coinbase Global (NASDAQ:COIN) Price Target Lowered to $235.00 at Citigroup

Coinbase Global (NASDAQ:COIN) had its price target cut by Citigroup from $400.00 to $235.00 in a research report released on Thursday,Benzinga reports. They currently have a buy rating on the cryptocurrency exchange’s stock.

Several other research firms have also recently weighed in on COIN. Mizuho raised their price objective on shares of Coinbase Global from $170.00 to $200.00 and gave the company a “neutral” rating in a research report on Tuesday, May 12th. UBS Group set a $235.00 target price on shares of Coinbase Global in a research report on Thursday. Sanford C. Bernstein reduced their target price on Coinbase Global from $440.00 to $330.00 and set an “outperform” rating on the stock in a research note on Monday, March 30th. Rothschild & Co Redburn raised their price target on Coinbase Global from $254.00 to $263.00 and gave the company a “buy” rating in a research report on Thursday, May 14th. Finally, JPMorgan Chase & Co. lifted their price target on Coinbase Global from $252.00 to $290.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 5th. Eighteen research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, Coinbase Global presently has an average rating of “Hold” and an average price target of $239.14.

Coinbase Global Stock Down 3.0%

COIN stock opened at $161.16 on Thursday. The company’s 50 day moving average is $166.92 and its 200 day moving average is $184.93. The stock has a market cap of $42.46 billion, a price-to-earnings ratio of 60.59, a price-to-earnings-growth ratio of 10.40 and a beta of 3.35. The company has a current ratio of 2.14, a quick ratio of 2.14 and a debt-to-equity ratio of 0.44. Coinbase Global has a 1-year low of $139.18 and a 1-year high of $405.31.

Coinbase Global (NASDAQ:COIN) last announced its earnings results on Thursday, May 7th. The cryptocurrency exchange reported ($1.49) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($1.55). Coinbase Global had a net margin of 12.20% and a return on equity of 4.16%. The company had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.49 billion. During the same quarter in the previous year, the firm earned $0.24 earnings per share. The company’s revenue for the quarter was down 30.5% compared to the same quarter last year. Sell-side analysts predict that Coinbase Global will post 1.45 EPS for the current fiscal year.

Insider Buying and Selling at Coinbase Global

In related news, insider Paul Grewal sold 1,960 shares of Coinbase Global stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $176.88, for a total value of $346,684.80. Following the transaction, the insider owned 84,753 shares in the company, valued at $14,991,110.64. This trade represents a 2.26% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Frederick R. Wilson sold 10,000 shares of the business’s stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $159.09, for a total transaction of $1,590,900.00. Following the completion of the sale, the director directly owned 20,000 shares of the company’s stock, valued at $3,181,800. This represents a 33.33% decrease in their ownership of the stock. 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 sold a total of 30,627 shares of company stock worth $5,327,841 over the last 90 days. Company insiders own 16.66% of the company’s stock.

Institutional Investors Weigh In On Coinbase Global

Hedge funds and other institutional investors have recently modified their holdings of the stock. MV Capital Management Inc. bought a new position in Coinbase Global during the 4th quarter worth approximately $27,000. Palisade Asset Management LLC bought a new stake in Coinbase Global in the third quarter valued at approximately $29,000. Osbon Capital Management LLC purchased a new stake in shares of Coinbase Global during the fourth quarter valued at approximately $30,000. Glen Eagle Advisors LLC boosted its stake in shares of Coinbase Global by 101.1% during the first quarter. Glen Eagle Advisors LLC now owns 175 shares of the cryptocurrency exchange’s stock valued at $31,000 after purchasing an additional 88 shares during the period. Finally, Archer Investment Corp grew its holdings in shares of Coinbase Global by 546.4% in the first quarter. Archer Investment Corp now owns 181 shares of the cryptocurrency exchange’s stock worth $32,000 after purchasing an additional 153 shares during the last quarter. Institutional investors own 68.84% of the company’s stock.

Key Coinbase Global News

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

• Positive Sentiment: Coinbase continued to broaden its product and infrastructure story, including work with Abu Dhabi’s Mubadala Capital on tokenized private-market funds, new AI-agent USDC payment tools, and participation in the Bitcoin Security Consortium. These developments support Coinbase’s long-term “everything exchange” and institutional adoption narrative. Abu Dhabi’s $430B Asset Giant Makes Blockchain Leap, Coinbase Buys In
• Positive Sentiment: Coinbase is expanding in Singapore and Canada, signaling continued international growth and a push into tokenized equities and broader financial services outside the U.S. Coinbase Global Expands Its Singapore Operations
• Positive Sentiment: The SEC agreed to pay Coinbase $150,000 to settle a records lawsuit over missing text messages, removing a legal overhang and giving Coinbase a public-relations win in its fight against U.S. crypto enforcement. US SEC settles FOIA lawsuit with Coinbase over lost messages, WSJ op-ed says
• Neutral Sentiment: Coinbase CEO Brian Armstrong said the CLARITY Act is close to a Senate floor vote, but the bill still faces political hurdles. Any eventual passage could be a major tailwind, though timing remains uncertain. 950K Contacts Back CLARITY Act as Coinbase CEO Says Bill Is Ready for Full Senate Vote
• Neutral Sentiment: Coinbase also highlighted internal resilience and future readiness, including a postmortem on a recent outage and preparations for quantum-resistant custody, but these items are more long-term operational matters than immediate stock drivers. Coinbase Reveals How One Configuration Error Triggered a 50-Minute Outage
• Negative Sentiment: Multiple brokerages cut their price targets, including Citi’s move to $235 from $400 and Raymond James’ Market Perform rating, reinforcing valuation concerns and helping explain the stock’s weakness today. Analyst cuts Coinbase price target 40% ahead of Q2 earnings
• Negative Sentiment: Broader financial stocks were also softer, and Coinbase has recently been hit by competition fears and earnings caution ahead of its upcoming report, which may be limiting investor enthusiasm. Sector Update: Financial Stocks Softer in Afternoon Trading

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.