This stock narrowly missed S&P inclusion, but a 90% spike likely coming; Time to buy?

Core Viewpoint - Coinbase was anticipated to be included in the S&P 500 index during the March 2025 rebalancing due to its high market cap and strong financial performance, but it was ultimately passed over in favor of other companies, marking a recurring disappointment for the firm [1][2]. Group 1: Company Performance - Coinbase has a current market capitalization of 44 billion, exceeding the S&P 500's threshold of 8.2 billion [1]. - The company reported 2.3 billion in revenue for the last quarter of 2024, indicating strong financial performance [1]. Group 2: Stock Volatility and Market Sentiment - Analysts speculate that the volatility of COIN's stock, influenced by fluctuations in the cryptocurrency market, may have contributed to its exclusion from the S&P 500 [2][3]. - As of the latest update, COIN stock had declined approximately 32% year-to-date, with a current valuation of 174.52 [3]. Group 3: Analyst Ratings and Price Targets - Despite setbacks, analysts at TipRanks have a 'Moderate Buy' rating for Coinbase, with 11 analysts recommending a 'Buy' and 9 suggesting a 'Hold' [4][5]. - The average 12-month price target for Coinbase is $330.79, representing an upside of 89.54$475 to a low of $195 [5]. Group 4: Recent Analyst Coverage - Goldman Sachs initiated coverage of Coinbase with a 'Neutral' rating and a price target of$195, citing cautious optimism regarding potential growth from rising cryptocurrency prices and possible regulatory reforms [6]. - Bernstein adopted a more bullish outlook, giving Coinbase an 'Outperform' rating with a price target of $310, highlighting the potential benefits from crypto-friendly policies and regulatory clarity [7].