Coinbase Global (NASDAQ:COIN) Price Target Lowered to $290.00 at JPMorgan Chase & Co.

Coinbase Global (NASDAQ:COIN) had its price objective decreased by JPMorgan Chase & Co. from $399.00 to $290.00 in a research report sent to investors on Tuesday morning, Marketbeat Ratings reports. JPMorgan Chase & Co. currently has an overweight rating on the cryptocurrency exchange’s stock.

A number of other research analysts have also recently commented on the company. Rothschild & Co Redburn cut their target price on Coinbase Global from $404.00 to $403.00 and set a “buy” rating on the stock in a research note on Friday, January 16th. Piper Sandler dropped their price objective on Coinbase Global from $350.00 to $270.00 and set a “neutral” rating for the company in a report on Wednesday, January 14th. Argus reiterated a “hold” rating on shares of Coinbase Global in a research note on Tuesday, November 25th. Barclays decreased their target price on Coinbase Global from $291.00 to $258.00 and set an “equal weight” rating for the company in a research report on Thursday, January 8th. Finally, Mizuho set a $280.00 price target on shares of Coinbase Global in a report on Tuesday, December 16th. Twenty analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Coinbase Global currently has an average rating of “Moderate Buy” and an average price target of $342.58.

Coinbase Global Trading Down 2.8%

Shares of Coinbase Global stock opened at $162.51 on Tuesday. The stock has a market capitalization of $43.82 billion, a PE ratio of 14.06 and a beta of 3.70. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.40 and a quick ratio of 2.40. The company’s fifty day simple moving average is $231.73 and its 200-day simple moving average is $288.26. Coinbase Global has a 1-year low of $142.58 and a 1-year high of $444.64.

Insider Buying and Selling at Coinbase Global

In other Coinbase Global news, CEO Brian Armstrong sold 40,000 shares of Coinbase Global stock in a transaction on Monday, January 5th. The shares were sold at an average price of $248.96, for a total value of $9,958,400.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Frederick Ernest Ehrsam III sold 1,375 shares of the company’s stock in a transaction dated Thursday, January 15th. The stock was sold at an average price of $250.27, for a total transaction of $344,121.25. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 672,498 shares of company stock worth $137,109,701. 16.56% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Coinbase Global

Hedge funds and other institutional investors have recently made changes to their positions in the company. Capital Advisors Wealth Management LLC raised its position in shares of Coinbase Global by 2.0% during the 3rd quarter. Capital Advisors Wealth Management LLC now owns 1,549 shares of the cryptocurrency exchange’s stock valued at $523,000 after buying an additional 30 shares during the period. Elevation Wealth Partners LLC lifted its stake 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. West Family Investments Inc. grew its holdings in shares of Coinbase Global by 3.3% during 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 during the period. Pettinga Financial Advisors LLC increased its position in shares of Coinbase Global by 2.6% during the 2nd quarter. Pettinga Financial Advisors LLC now owns 1,321 shares of the cryptocurrency exchange’s stock worth $463,000 after purchasing an additional 34 shares during the last quarter. Finally, StoneX Group Inc. lifted its position in Coinbase Global by 1.8% in the second quarter. StoneX Group Inc. now owns 1,970 shares of the cryptocurrency exchange’s stock valued at $690,000 after buying an additional 34 shares during the last quarter. Hedge funds and other institutional investors own 68.84% of the company’s stock.

Coinbase Global News Summary

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

• Positive Sentiment: Interactive Brokers launched Coinbase Derivatives nano and perpetual futures on its platform — this expands distribution for Coinbase’s derivatives business and could boost fee-based revenue and product adoption. Interactive Brokers expansion
• Positive Sentiment: Bitcoin recently stabilized near $70k with a brief positive Coinbase Premium — higher BTC prices and renewed on-platform demand tend to raise trading volumes and transaction revenue for COIN. Bitcoin Coinbase Premium
• Neutral Sentiment: Coinbase is sunsetting Base App’s creator rewards and Farcaster social feed to focus the app on trading — a product pivot that may streamline costs but also narrows the company’s “everything app” ambitions. Base App pivot
• Neutral Sentiment: Coinbase ran a divisive Super Bowl karaoke ad; marketing buzz can help brand awareness but has mixed capital markets impact versus fundamentals. Super Bowl ad
• Negative Sentiment: JPMorgan trimmed its COIN price target from $399 to $290 ahead of Q4 earnings — a sizable cut that adds selling pressure despite the bank keeping an overweight stance; markets often react negatively to big PT revisions right before earnings. JPMorgan price target cut
• Negative Sentiment: Cantor Fitzgerald also lowered its target (and other shops have adjusted forecasts), amplifying analyst-driven concern as Coinbase approaches its quarterly report. Analyst target moves
• Negative Sentiment: Regulatory and political friction is active: a critic labeled Coinbase “recalcitrant” over opposition to the Clarity Act and the White House is engaging on crypto market structure — heightening regulatory risk that investors price into COIN. Regulatory friction
• Negative Sentiment: High-profile voices are cautious: Jim Cramer publicly avoided COIN, and research flags slowing trading volumes and mixed revenue mix heading into earnings — both add to near-term downside risk. Cramer comment
• Negative Sentiment: Competitive pressure: data suggesting rivals (e.g., Hyperliquid) outpacing Coinbase in some areas raises concerns about market share and growth sustainability. Competition

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.