Coinbase Global Stock: Analyst Estimates & Ratings

Company Overview - Coinbase Global, Inc. is the largest U.S. cryptocurrency exchange with a market cap of $88.3 billion, providing a platform for trading digital assets and services for consumers, institutions, and developers in the global crypto economy [1] Stock Performance - Over the past 52 weeks, COIN stock has increased by 82.7%, significantly outperforming the S&P 500 Index, which has rallied 19.6% during the same period [2] - Year-to-date, COIN stock is up 34.6%, compared to the S&P 500's gain of 16.5% [2] - COIN shares have also surpassed the iShares U.S. Financials ETF's return of 14.3% over the past 52 weeks [3] Financial Results - Following the Q3 2025 results released on October 30, COIN shares climbed 4.7% as the company reported a net income of $1.50 per share, exceeding expectations [4] - Transaction revenue nearly doubled to $1.05 billion due to heightened crypto volatility, which boosted trading volumes [4] - Subscription and services revenue rose by 34.3% to $746.7 million, and the acquisition of Deribit strengthened Coinbase's position in the derivatives market [4] Earnings Expectations - For the fiscal year ending in December 2025, analysts expect COIN's adjusted EPS to decline by 42.9% year-over-year to $4.34 [5] - The company's earnings surprise history is mixed, with three out of the last four quarters beating consensus estimates [5] Analyst Ratings and Price Targets - Among the 33 analysts covering COIN, the consensus rating is a "Moderate Buy," consisting of 17 "Strong Buy" ratings, one "Moderate Buy," 13 "Holds," and two "Strong Sells" [5] - BTIG raised its price target on Coinbase to $420 while maintaining a "Buy" rating, with a mean price target of $395.02 representing an 18.2% premium to current price levels [6] - The highest price target of $510 suggests a potential upside of 52.6% [6]