
Coinbase (COIN) Stock Forecast & Price Target
Coinbase (COIN) Analyst Ratings
Bulls say
Coinbase Global has demonstrated a strong performance, with subscription and services revenue increasing by 14% quarter-over-quarter to $747 million, supported by growth in USDC balances and institutional financing. The company experienced a significant uptick in consumer spot volume, which rose by 37% quarter-over-quarter, indicating robust trading and derivatives activity that aligns with its "Everything Exchange" strategy. With total revenue reaching approximately $1.9 billion, exceeding estimates, and a notable expansion of services through acquisitions and new product offerings, Coinbase positions itself for sustained growth in the evolving cryptocurrency market.
Bears say
Coinbase Global has adjusted its EBITDA estimate to $619 million, down from a previous estimate of $721 million, reflecting a decrease in expected transaction revenue and lower retail trading volumes. Recent industry trends indicate a significant decline in consumer trading activity, particularly as altcoins struggle to show upward momentum, which could lead to further pressure on profitability and revenue as short-term interest rates decline. Furthermore, the anticipated regulation in the cryptocurrency space has not materialized as expected, contributing to a negative outlook on Coinbase's financial performance amid declining crypto asset prices and trading volumes.
This aggregate rating is based on analysts' research of Coinbase and is not a guaranteed prediction by Public.com or investment advice.
Coinbase (COIN) Analyst Forecast & Price Prediction
Start investing in Coinbase (COIN)
Order type
Buy in
Order amount
Est. shares
0 shares