Coinbase Global (NASDAQ:COIN) Price Target Cut to $275.00 by Analysts at Canaccord Genuity Group

Coinbase Global (NASDAQ:COIN) had its price target reduced by Canaccord Genuity Group from $300.00 to $275.00 in a report published on Friday,Benzinga reports. They currently have a buy rating on the cryptocurrency exchange’s stock.

COIN has been the subject of several other research reports. UBS Group set a $155.00 price target on shares of Coinbase Global in a research report on Friday, July 31st. Benchmark cut their target price on Coinbase Global from $270.00 to $230.00 and set a “buy” rating for the company in a research report on Friday, July 31st. Robert W. Baird boosted their price target on shares of Coinbase Global from $130.00 to $205.00 and gave the stock a “neutral” rating in a research note on Monday, September 28th. The Goldman Sachs Group cut their target price on shares of Coinbase Global from $244.00 to $210.00 and set a “buy” rating for the company in a report on Friday. Finally, Morgan Stanley downgraded Coinbase Global from an “equal weight” rating to an “underweight” rating and cut their target price for the company from $258.00 to $120.00 in a research report on Monday. Twenty investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $211.47.

Coinbase Global Price Performance

Shares of NASDAQ COIN opened at $143.54 on Friday. The company has a market capitalization of $37.87 billion, a price-to-earnings ratio of -50.72 and a beta of 3.35. The company has a 50 day simple moving average of $179.74 and a two-hundred day simple moving average of $178.82. Coinbase Global has a fifty-two week low of $136.89 and a fifty-two week high of $361.40. The company has a debt-to-equity ratio of 0.43, a quick ratio of 2.42 and a current ratio of 2.42.

Coinbase Global (NASDAQ:COIN) last issued its earnings results on Thursday, July 30th. The cryptocurrency exchange reported ($1.36) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.44) by ($0.92). Coinbase Global had a positive return on equity of 0.76% and a negative net margin of 12.46%. The firm had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter in the prior year, the company posted $5.14 EPS. The company’s quarterly revenue was down 18.5% on a year-over-year basis. Analysts expect that Coinbase Global will post -0.50 EPS for the current fiscal year.

Insider Activity

In other Coinbase Global news, Director Marc Andreessen sold 6,838 shares of the firm’s stock in a transaction that occurred on Friday, October 2nd. The shares were sold at an average price of $198.00, for a total value of $1,353,924.00. Following the completion of the sale, the director directly owned 1,108,972 shares in the company, valued at $219,576,456. This trade represents a 0.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Frederick Wilson sold 10,000 shares of the firm’s stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $178.93, for a total value of $1,789,300.00. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 92,120 shares of company stock worth $17,968,544. 16.66% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Coinbase Global

A number of large investors have recently made changes to their positions in the stock. Bank of New York Mellon Corp acquired a new stake in shares of Coinbase Global during the second quarter worth about $142,995,000. National Pension Service raised its stake in shares of Coinbase Global by 117.1% during the 2nd quarter. National Pension Service now owns 641,518 shares of the cryptocurrency exchange’s stock valued at $93,784,000 after buying an additional 346,045 shares during the last quarter. Southpoint Capital Advisors LP acquired a new position in shares of Coinbase Global in the 1st quarter valued at about $104,766,000. California State Teachers Retirement System grew its holdings in Coinbase Global by 1.8% during the first quarter. California State Teachers Retirement System now owns 324,386 shares of the cryptocurrency exchange’s stock worth $56,641,000 after acquiring an additional 5,758 shares during the period. Finally, Assenagon Asset Management S.A. raised its position in Coinbase Global by 103.2% during the third quarter. Assenagon Asset Management S.A. now owns 314,338 shares of the cryptocurrency exchange’s stock valued at $58,889,000 after acquiring an additional 159,636 shares in the last quarter. 68.84% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Coinbase Global

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

• Positive Sentiment: Coinbase reported approximately $718.7 million in third-quarter 2026 net income and diluted EPS of $2.51, representing a return to profitability. Management is also developing less trading-dependent businesses, including prediction markets, stablecoin partnerships such as RLUSD and AI infrastructure. Coinbase Stock Faces Revenue Test After Q3 Earnings
• Positive Sentiment: CMB International Securities reiterated a Buy rating and maintained a $205 price target, citing improving profitability and strategic progress. BTIG Research, HC Wainwright and Cantor Fitzgerald also reiterated positive ratings. Analyst Reiterates Buy on Coinbase
• Neutral Sentiment: Coinbase adjusted its cold-storage procedures after authorities linked a multibillion-dollar Binance hack to North Korea’s TraderTraitor group. The changes may strengthen institutional confidence, but the incident highlights security risks across the crypto-exchange industry. Coinbase Adjusts Cold Storage After Binance Hack
• Negative Sentiment: Third-quarter revenue was about $1.216 billion and declined substantially year over year, underscoring Coinbase’s continued exposure to trading activity despite its newer growth initiatives. Why Coinbase Shares Are Falling
• Negative Sentiment: Wells Fargo, Goldman Sachs, Barclays, Needham and Mizuho all reduced their COIN price targets, signaling more cautious expectations for trading revenue and valuation.
• Negative Sentiment: Reports that CEO Brian Armstrong and other executives plan to sell roughly $2.2 billion of stock add insider-selling pressure and may weaken investor sentiment. Coinbase Executives Plan Stock Sale
• Negative Sentiment: The Binance hack has triggered a broader selloff in crypto-exchange shares, raising concerns about cybersecurity, customer-asset protection and regulatory scrutiny. Crypto Exchange Stocks Tumble After Binance Hack

Coinbase Global Company Profile

Coinbase Global, Inc operates a digital-asset financial infrastructure and technology platform. Through its Coinbase platform, the company enables individuals and institutions to buy, sell, store, transfer and use cryptocurrencies and other digital assets. Its services are designed to support both retail customers and institutional participants in the digital-asset economy.

The company offers cryptocurrency trading, custody and staking services, as well as subscription products and institutional solutions.