Coinbase Global (NASDAQ:COIN) Price Target Cut to $235.00 by Analysts at The Goldman Sachs Group

Coinbase Global (NASDAQ:COIN) had its price target cut by The Goldman Sachs Group from $270.00 to $235.00 in a research report sent to investors on Thursday, Marketbeat Ratings reports. They currently have a buy rating on the cryptocurrency exchange’s stock.

Several other brokerages also recently issued reports on COIN. Rosenblatt Securities decreased their price objective on shares of Coinbase Global from $325.00 to $240.00 and set a “buy” rating for the company in a research note on Friday, February 13th. Mizuho lowered their price objective on shares of Coinbase Global from $280.00 to $170.00 and set a “neutral” rating for the company in a research note on Tuesday, February 17th. Benchmark lowered their target price on Coinbase Global from $421.00 to $267.00 and set a “buy” rating for the company in a report on Friday, February 13th. Piper Sandler cut their price objective on shares of Coinbase Global from $270.00 to $150.00 and set a “neutral” rating on the stock in a research report on Friday, February 13th. Finally, Bank of America upgraded Coinbase Global from a “neutral” rating to a “buy” rating and set a $340.00 target price on the stock in a research note on Thursday, January 8th. Nineteen equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, Coinbase Global has a consensus rating of “Hold” and an average price target of $271.14.

Coinbase Global Price Performance

COIN stock opened at $173.38 on Thursday. The company has a quick ratio of 2.34, a current ratio of 2.34 and a debt-to-equity ratio of 0.40. Coinbase Global has a 52 week low of $139.36 and a 52 week high of $444.64. The company has a fifty day simple moving average of $189.02 and a two-hundred day simple moving average of $258.53. The firm has a market capitalization of $45.79 billion, a P/E ratio of 39.49, a price-to-earnings-growth ratio of 3.14 and a beta of 3.70.

Coinbase Global (NASDAQ:COIN) last released its quarterly earnings results on Thursday, February 12th. The cryptocurrency exchange reported $0.66 EPS for the quarter, missing the consensus estimate of $0.83 by ($0.17). The company had revenue of $1.78 billion during the quarter, compared to analysts’ expectations of $1.86 billion. Coinbase Global had a return on equity of 8.68% and a net margin of 17.55%.The company’s revenue was down 21.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $4.68 EPS. Analysts anticipate that Coinbase Global will post 7.22 earnings per share for the current fiscal year.

Insider Activity at Coinbase Global

In other Coinbase Global news, CEO Brian Armstrong sold 40,000 shares of the company’s stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $248.96, for a total value of $9,958,400.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Frederick Ernest Ehrsam III sold 2,750 shares of the company’s stock in a transaction dated Wednesday, January 14th. The stock was sold at an average price of $260.09, for a total value of $715,247.50. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 438,120 shares of company stock worth $73,878,750. 16.56% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Coinbase Global

Large investors have recently added to or reduced their stakes in the stock. REAP Financial Group LLC acquired a new position in shares of Coinbase Global during the 3rd quarter worth about $25,000. Palisade Asset Management LLC purchased a new position in Coinbase Global during the third quarter worth approximately $29,000. Salomon & Ludwin LLC boosted its position in shares of Coinbase Global by 4,400.0% during the 3rd quarter. Salomon & Ludwin LLC now owns 90 shares of the cryptocurrency exchange’s stock valued at $30,000 after acquiring an additional 88 shares during the last quarter. Foster Dykema Cabot & Partners LLC acquired a new position in Coinbase Global in the 3rd quarter valued at about $35,000. Finally, Cloud Capital Management LLC acquired a new position in Coinbase Global in the third quarter valued at approximately $36,000. 68.84% of the stock is currently owned by institutional investors and hedge funds.

Coinbase Global News Roundup

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

• Positive Sentiment: Goldman Sachs reaffirmed a Buy rating and set a $235 price target (reduced from $270), signaling street confidence in long‑term upside if crypto markets stabilize. Goldman Sachs target
• Positive Sentiment: Product/partnership expansion: Coinbase teamed with Better Home & Finance to let borrowers pledge BTC or USDC for conforming mortgages — a tangible move toward mainstream use cases and new revenue channels. Reuters: token‑backed mortgages
• Positive Sentiment: Infrastructure/tech partnership: Coinbase began streaming institutional exchange data onchain via Chainlink’s DataLink, expanding enterprise reach into DeFi and onchain products. This strengthens developer and institutional integration possibilities. PR Newswire: Chainlink integration
• Neutral Sentiment: Political mobilization: Stand With Crypto (backed by Coinbase) unveiled midterm-targeted efforts — could help shape future regulation but is a longer‑term variable. Cointelegraph: SWC midterm plan
• Neutral Sentiment: Corporate venture activity: Coinbase Ventures participated in a funding extension for cross‑border payments startup Tazapay — shows ecosystem investment but limited near‑term revenue impact. Cointelegraph: Tazapay raise
• Negative Sentiment: Regulatory headline risk: Senate negotiations on the CLARITY Act spiked after reports the draft would restrict stablecoin yield programs; Coinbase has publicly resisted the latest compromise language, renewing uncertainty about whether exchanges can offer reward/yield products. That political/legislative uncertainty is the main near‑term negative driver. Cointelegraph: Coinbase opposes draft
• Negative Sentiment: Sector spillover: Circle’s sharp sell‑off on the same draft text amplified selling in crypto stocks, and broader crypto price weakness (Bitcoin/Ethereum declines and geopolitical drivers) is reducing trading volumes and fees for exchanges. Yahoo: crypto market drop
• Negative Sentiment: Custodial inflow: Irish police moved ~500 BTC into Coinbase custody — while not a company action, large onchain-to‑exchange transfers can be interpreted as potential selling pressure by markets. Cointelegraph: 500 BTC to Coinbase

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.