Coinbase Global’s (COIN) “Buy” Rating Reaffirmed at Rosenblatt Securities

Rosenblatt Securities reissued their buy rating on shares of Coinbase Global (NASDAQ:COIN) in a research note published on Wednesday morning,Benzinga reports. Rosenblatt Securities currently has a $240.00 price objective on the cryptocurrency exchange’s stock.

Several other brokerages have also weighed in on COIN. Zacks Research raised Coinbase Global from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 14th. Canaccord Genuity Group cut their target price on Coinbase Global from $400.00 to $300.00 and set a “buy” rating on the stock in a research report on Friday, February 13th. China Renaissance cut their target price on Coinbase Global from $301.50 to $223.20 and set a “buy” rating on the stock in a research report on Monday, February 23rd. Bank of America cut their target price on Coinbase Global from $288.00 to $234.00 in a research report on Thursday, April 2nd. Finally, Compass Point cut their target price on Coinbase Global from $190.00 to $140.00 and set a “sell” rating on the stock in a research report on Friday, February 20th. Nineteen equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $262.04.

Coinbase Global Price Performance

Shares of NASDAQ COIN opened at $197.96 on Wednesday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.34 and a current ratio of 2.34. Coinbase Global has a fifty-two week low of $139.36 and a fifty-two week high of $444.64. The firm has a market capitalization of $52.28 billion, a PE ratio of 45.09, a price-to-earnings-growth ratio of 4.47 and a beta of 3.38. The stock’s 50-day simple moving average is $188.43 and its 200-day simple moving average is $227.93.

Coinbase Global (NASDAQ:COIN) last issued its earnings results on Thursday, February 12th. The cryptocurrency exchange reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.83 by ($0.17). Coinbase Global had a return on equity of 8.68% and a net margin of 17.55%.The business had revenue of $1.78 billion for the quarter, compared to analyst estimates of $1.86 billion. During the same period last year, the business posted $4.68 EPS. Coinbase Global’s revenue was down 21.6% on a year-over-year basis. As a group, equities research analysts forecast that Coinbase Global will post 2.77 EPS for the current fiscal year.

Insider Buying and Selling

In other Coinbase Global news, CFO Alesia J. Haas sold 364,600 shares of Coinbase Global stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $154.95, for a total transaction of $56,494,770.00. Following the transaction, the chief financial officer owned 402,165 shares of the company’s stock, valued at $62,315,466.75. The trade was a 47.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders sold a total of 394,590 shares of company stock worth $62,508,690 over the last quarter. Insiders own 16.66% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. West Family Investments Inc. increased its position in Coinbase Global by 3.3% during the third quarter. West Family Investments Inc. now owns 1,029 shares of the cryptocurrency exchange’s stock worth $347,000 after buying an additional 33 shares during the period. Forvis Mazars Wealth Advisors LLC increased its position in Coinbase Global by 3.4% during the third quarter. Forvis Mazars Wealth Advisors LLC now owns 1,040 shares of the cryptocurrency exchange’s stock worth $351,000 after buying an additional 34 shares during the period. E Fund Management Hong Kong Co. Ltd. grew its stake in shares of Coinbase Global by 17.0% in the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 241 shares of the cryptocurrency exchange’s stock valued at $81,000 after purchasing an additional 35 shares during the last quarter. Versant Capital Management Inc grew its stake in shares of Coinbase Global by 9.5% in the 3rd quarter. Versant Capital Management Inc now owns 403 shares of the cryptocurrency exchange’s stock valued at $136,000 after purchasing an additional 35 shares during the last quarter. Finally, Waterfront Wealth Inc. grew its stake in shares of Coinbase Global by 4.8% in the 3rd quarter. Waterfront Wealth Inc. now owns 760 shares of the cryptocurrency exchange’s stock valued at $241,000 after purchasing an additional 35 shares during the last quarter. Institutional investors and hedge funds own 68.84% of the company’s stock.

Key Headlines Impacting Coinbase Global

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

• Positive Sentiment: Management announced a ~14% workforce reduction (~700 roles) as part of an “AI‑native” restructuring to lower costs and flatten the org chart — a catalyst for near‑term margin improvement that lifted the stock on the news. Coinbase to cut about 14% of workforce
• Positive Sentiment: Regulatory clarity on stablecoin rewards (CLARITY Act compromise) reduces policy uncertainty around dollar‑based on‑platform products — a structural positive for Coinbase’s USDC‑centric services and institutional product roadmap. Is Stablecoin Reward Clarity Under The CLARITY Act Altering The Investment Case For Coinbase (COIN)?
• Positive Sentiment: Product expansion: Coinbase launched 24/7 gold and silver perpetual futures settled in USDC (for non‑U.S. users), broadening derivatives offerings and cross‑selling opportunities for institutional and derivatives traders. Coinbase Adds Gold and Silver Perps With USDC Settlement and up to 25x Leverage
• Positive Sentiment: Analyst support: several firms adjusted price targets and ratings (Goldman Sachs, JPMorgan, Rosenblatt reaffirmations) — these upgrades/raises can buoy sentiment and buying interest. Goldman Sachs lifts price target on Coinbase Global to $231
• Neutral Sentiment: Strategic product moves (tokenization): Coinbase named Centrifuge as tokenization partner and launched a tokenized credit fund (CUSHY) — positive for long‑term revenue diversification but likely gradual in earnings impact. Coinbase Names Centrifuge as Tokenization Backbone
• Neutral Sentiment: Earnings headline risk: Coinbase reports Q1 after the close (May 7). Consensus expects lower quarterly revenue vs. year‑ago; results and guidance will determine whether cost cuts offset weaker trading volumes. Coinbase Q1 Preview: ‘Everything Exchange’ Dream Faces First Test After Shock Layoffs
• Negative Sentiment: Legal overhang: Coinbase was sued over frozen funds tied to a $55M DAI theft — potential litigation costs, precedent risk and custodial liability concerns that could weigh on sentiment. Coinbase faces lawsuit over frozen funds from $55M crypto theft
• Negative Sentiment: Macro/crypto headwinds: persistent downturn in trading volumes and prior quarterly revenue declines mean top‑line pressure remains; layoffs partly address this, but revenue recovery depends on market activity and product monetization. Coinbase (COIN) Stock Dips Following Launch of 24/7 Gold and Silver Perpetual Futures

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.