Coinbase Global, Inc. (NASDAQ:COIN) Price Target and Market Performance

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.

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.

Argus initiated coverage of Coinbase (NASDAQ:COIN) with a Buy rating and a $400 price target, positioning the crypto exchange as a standout growth story in the digital asset space.

The firm views Coinbase as the dominant cryptocurrency platform, offering not just trading but also custodial services, analytics, and risk management tools. Since its IPO in 2021, the company has posted strong growth, and Argus believes that momentum will continue, especially after the recent passage of the Genius Act—a legislative shift expected to fuel further adoption and activity in crypto markets.

Coinbase’s aggressive investments in R&D and acquisitions are also expected to pay off, driving growth in daily users and expanding its reach into new crypto-related products. Another milestone boosting investor attention is Coinbase’s inclusion in the S&P 500 in May, marking the first time a crypto-native firm has joined the index.

While Argus acknowledges that Coinbase trades at a premium compared to traditional exchanges like ICE, Nasdaq, and CME, the firm argues that this valuation gap is justified. Coinbase’s margins are higher, and its long-term growth potential—especially in a crypto bull market—gives it a unique edge in the sector.

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.

Bernstein SocGen Group raised its price target on Coinbase Global (NASDAQ:COIN) to $510 from $310 while maintaining an Outperform rating, citing a long list of competitive advantages and underappreciated growth drivers that position the company as a dominant force in the digital asset ecosystem. The company’s shares rose more than 2% intra-day today.

Calling Coinbase the “most misunderstood” name in its crypto coverage, the firm highlighted its leadership across multiple verticals: it’s the only crypto-native company in the S&P 500, holds a commanding share of the U.S. crypto trading market, and runs the largest stablecoin business among exchanges—accounting for roughly 15% of its total revenue. Coinbase is also integrating with platforms like Shopify to further expand its reach.

The firm pointed to Coinbase’s dominance in institutional crypto, noting it provides custody services for 8 of the 11 Bitcoin ETF asset managers. It also recently acquired Deribit, the world’s largest crypto options exchange, and operates Base, the fastest and most scalable Ethereum Layer 2 chain, which is being used by JPMorgan to launch its JPMD token.

Analysts expect regulatory catalysts—such as the GENIUS Act and the forthcoming CLARITY Act—to further legitimize and expand the digital asset landscape, creating a favorable policy backdrop for Coinbase’s continued growth.

Bernstein is significantly more bullish than the Street, projecting 2025 and 2026 EPS at more than double consensus estimates. With multiple growth levers in motion and regulatory momentum building, the firm sees Coinbase emerging as the de facto "universal bank" of crypto.

• Coinbase Global, Inc. (NASDAQ:COIN) is under investigation by Pomerantz LLP for potential securities fraud following a significant data breach.
• The breach, involving a cybercriminal exploiting a vulnerability, led to a ransom demand and a drop in Coinbase's stock price by $18.97 per share, or 7.2%.
• CEO Brian Armstrong sold 22,089 shares of Class A Common Stock, following the breach disclosures, with the current stock price of COIN at $256.21, reflecting a decrease of 1.04%.

Coinbase Global, Inc. (NASDAQ:COIN), a leading cryptocurrency exchange platform, has recently been the focus of legal and investor scrutiny. This comes in the wake of a significant data breach that has raised concerns over the company's security measures and potential insider wrongdoing. Pomerantz LLP is investigating the possibility of securities fraud or unlawful business practices by Coinbase and its executives.

The breach, which was reported on May 5, 2025, saw a cybercriminal exploiting a vulnerability in TeleMessage, affecting Coinbase and other companies. Following this, Coinbase filed a Data Breach Notification on May 11, 2025, revealing that insider wrongdoing was the cause of the breach on December 26, 2024. This incident has led to a series of disclosures and a ransom demand from a threat actor.

On May 15, 2025, Coinbase CEO Brian Armstrong confirmed that criminals accessed customer data for crypto-stealing scams, demanding $20 million to keep the information private. This revelation caused Coinbase's stock price to drop by $18.97 per share, or 7.2%, closing at $244.44. Pomerantz LLP is actively pursuing this case to protect investors' rights.

In the midst of these developments, Brian Armstrong executed a sale of 22,089 shares of Class A Common Stock on June 2, 2025, at approximately $247.08 per share. This transaction was reported on June 3, 2025, under Form 4. Following this sale, Armstrong holds 3,437 shares of the company's Class A Common Stock.

The current stock price of COIN is $256.21, reflecting a decrease of 1.04% or $2.70. The stock has traded between $254.46 and $261.56 today. Over the past year, COIN has reached a high of $349.75 and a low of $142.58. The company's market capitalization is approximately $65.26 billion, with a trading volume of 4.37 million shares on the NASDAQ exchange.