Argus Launches Coverage on Coinbase With Buy Rating and $400 Target

Coinbase Global Inc (NASDAQ: COIN) is a prominent player in the cryptocurrency exchange market, providing a platform for buying, selling, and managing digital currency. As a leader in the industry, Coinbase competes with other exchanges like Binance and Kraken. The company is set to release its quarterly earnings on Thursday, October 30, 2025, at 4:00 PM Eastern Daylight Time.

Wall Street analysts estimate Coinbase's earnings per share (EPS) to be $1.20. However, analysts predict an EPS of $1.13, up from 73 cents per share in the previous year. This indicates a positive trend in the company's profitability. Coinbase has a history of surpassing earnings estimates, having done so in eight of the last ten quarters.

Revenue projections for Coinbase are approximately $1.77 billion. Analysts expect the company to report a slightly higher revenue of $1.79 billion, a significant increase from $1.21 billion in the same quarter last year. This growth is attributed to strong trading volumes, especially as Bitcoin reached new highs during the quarter.

Coinbase's financial metrics reveal a price-to-earnings (P/E) ratio of 30.12, indicating investor expectations of future growth. The company's price-to-sales ratio is 12.38, and its enterprise value to sales ratio is 11.93. These figures suggest that investors are willing to pay a premium for Coinbase's sales and enterprise value.

The company's debt-to-equity ratio is 0.36, showing a relatively low level of debt compared to its equity. With a current ratio of 2.13, Coinbase demonstrates a strong ability to cover its short-term liabilities with its short-term assets. This financial stability, along with product diversification and recent acquisitions, creates a compelling opportunity for the company.

• Dan Dolev from Mizuho Securities set a price target of $300 for NASDAQ:COIN, while the stock was trading at $343.13, indicating a potential decrease.
• Coinbase's stock has shown resilience with a current price of $343.13, reflecting an increase of 7.04%.
• Coinbase's Chief Policy Officer, Faryar Shirzad, addresses concerns from banks regarding stablecoins, suggesting that banks are more concerned about protecting their revenue streams.

Coinbase (NASDAQ:COIN) is a leading cryptocurrency exchange platform that allows users to buy, sell, and store various digital currencies. As a major player in the crypto industry, Coinbase competes with other exchanges like Binance and Kraken. On September 18, 2025, Dan Dolev from Mizuho Securities set a price target of $300 for COIN, while the stock was trading at $343.13, indicating a price difference of approximately -12.57%.

Despite the price target set by Mizuho, Coinbase's stock has shown resilience. The current stock price of $343.13 reflects an increase of 7.04% or $22.57. Today, COIN has traded between $323.52 and $351.89, showcasing its volatility. Over the past year, the stock has seen a high of $444.65 and a low of $142.58, highlighting its dynamic nature in the market.

Coinbase's Chief Policy Officer, Faryar Shirzad, has addressed concerns from banks regarding stablecoins. Shirzad argues that banks' claims about digital tokens threatening the financial system are unfounded. He suggests that banks are more concerned about protecting their revenue streams, particularly the $187 billion they earn annually from swipe fees, as highlighted by Shirzad in a company blog post.

Stablecoins offer a more cost-effective and faster method of transferring money, which challenges traditional banking systems. Shirzad likens banks' resistance to stablecoins to their past opposition to innovations like ATMs and online banking. He emphasizes that there is no significant link between stablecoin adoption and deposit flight for community banks, and larger banks are unlikely to be adversely affected.

Coinbase's market capitalization stands at approximately $88.16 billion, with a trading volume of 17.21 million shares on the NASDAQ exchange. As the company continues to navigate the evolving landscape of digital currencies, its stock performance and strategic responses to industry challenges remain crucial for investors and stakeholders.

Coinbase Global (NASDAQ:COIN) shares sank 16% on Friday after the cryptocurrency exchange missed second-quarter earnings expectations due to subdued trading activity.

The company reported earnings per share of $0.12, far below the $1.51 consensus estimate. Revenue came in at $1.5 billion, slightly under the projected $1.59 billion.

Transaction revenue fell 2% year-over-year to $764.3 million. However, subscription and services revenue rose 9.5% to $655.8 million, reflecting growth in its non-trading segments.

Coinbase continued to face headwinds from low crypto trading volumes amid heightened regulatory scrutiny and market uncertainty, which have dampened investor sentiment across the sector.

• Trevor Williams from Williams Trading sets a price target of $405 for NASDAQ:COIN, indicating a potential upside of approximately 6.27%.
• Coinbase anticipates significant stock value fluctuation with a potential 6% movement in either direction by the end of the week.
• Despite challenges in the crypto market, COIN has surged by over 50% in 2025, driven by strategic acquisitions and optimism about a more favorable regulatory environment.

Coinbase Global, Inc. (NASDAQ:COIN) is a leading cryptocurrency exchange platform that allows users to buy, sell, and store various digital currencies. As a major player in the crypto industry, Coinbase competes with other exchanges like Binance and Kraken. The company has been expanding its services to become a comprehensive platform for crypto enthusiasts.

On July 31, 2025, Trevor Williams from Williams Trading set a price target of $405 for COIN. At that time, COIN was priced at $381.10, indicating a potential upside of approximately 6.27%. This target reflects optimism about Coinbase's future performance, despite recent challenges in the crypto market.

Coinbase is set to release its second-quarter earnings after the market closes today. Traders are anticipating a significant fluctuation in the stock's value, with options pricing suggesting a potential 6% movement in either direction by the end of the week. This could see COIN reaching as high as $410 or dropping to around $363 from its current level just above $386.

In the previous quarter, Coinbase's revenue and adjusted net income fell short of expectations, resulting in a 3% decline in its stock the following day. The company attributed these results to "softer trading markets," a trend that may have continued into the second quarter. Despite these challenges, COIN has surged by over 50% in 2025, driven by strategic acquisitions and optimism about a more favorable regulatory environment.

Currently, COIN is priced at $381, reflecting an increase of $3.52 or 0.93%. Today, the stock has fluctuated between a low of $378 and a high of $387.14. Over the past year, COIN has reached a high of $444.65 and a low of $142.58. The company's market capitalization is approximately $96.96 billion, with a trading volume of 6,351,645 shares on the NASDAQ exchange.

Coinbase Global, Inc. (NASDAQ:COIN) is a leading cryptocurrency exchange platform, facilitating the buying, selling, and storage of digital currencies. As a major player in the crypto market, Coinbase competes with other exchanges like Binance and Kraken. The company is set to release its second-quarter earnings on July 31, 2025, after market close, with Wall Street estimating earnings per share (EPS) of $0.83 and projected revenue of approximately $1.59 billion.

Coinbase's upcoming earnings report is anticipated to reflect a strong performance, driven by increased trading volume and the growth of stablecoins. The company has also expanded its revenue streams through the acquisition of Deribit. Trading volume is estimated at 235 million, with transaction revenues expected to rise by 23% compared to the previous year. This growth is likely to support the projected revenue figures.

The Zacks Consensus Estimate for COIN’s second-quarter revenues is set at $1.5 billion, marking a 4.3% increase from the same period last year. However, the consensus estimate for earnings is pegged at $0.83 per share, reflecting a year-over-year decrease of 22.4%. Despite this, the earnings estimate has been revised upward by 1 cent in the past week, indicating a positive outlook. Bank of America has adjusted its revenue estimates for Coinbase, predicting a total net revenue of $1.44 billion for the June quarter, which is approximately 6% below the consensus estimate of $1.54 billion. The bank has maintained its “Hold” rating on Coinbase, while increasing its price target from $260 to $405. Analysts at the bank predict a 40% decline in retail trading volumes quarter-over-quarter, which may impact earnings.

Coinbase's financial metrics reveal a price-to-earnings (P/E) ratio of approximately 64.22, indicating that investors are willing to pay over 64 times the company's earnings over the past twelve months. The company's debt-to-equity ratio is about 0.41, showing a moderate level of debt compared to its equity. Additionally, the current ratio is approximately 2.52, suggesting good short-term financial health.

H.C. Wainwright sharply reversed its stance on Coinbase Global (NASDAQ:COIN), downgrading the stock from Buy to Sell and trimming the price target slightly to $300. The firm cites valuation concerns after the stock surged roughly 150% since April—far outpacing the Nasdaq’s 35% gain over the same period.

Despite still viewing Coinbase as a leading name in the crypto exchange space, the analysts believe investor enthusiasm has outpaced the company’s near-term prospects. The rally was partly fueled by news that Coinbase benefits from over half of the reserve income tied to Circle’s USDC, the second-largest stablecoin globally. Momentum continued after the U.S. Senate passed stablecoin legislation in mid-June, boosting optimism across the sector.

However, with shares now sitting at all-time highs and trading at nearly 56 times estimated 2025 earnings, Wainwright sees a disconnect between price and reality. Crypto trading volumes are on the decline, and the upcoming second-quarter earnings report—due July 31—could fall short of expectations. Their revised revenue estimate for the quarter is 10% below current consensus, signaling possible downside revisions ahead.

In light of these risks and stretched valuation, the firm believes now is a prudent time for investors to lock in gains.