HC Wainwright Forecasts Coinbase Global FY2026 Earnings

Coinbase Global, Inc. (NASDAQ:COIN) – Research analysts at HC Wainwright raised their FY2026 earnings estimates for shares of Coinbase Global in a research note issued to investors on Friday, October 30th. HC Wainwright analyst M. Colonnese now forecasts that the cryptocurrency exchange will earn ($0.33) per share for the year, up from their previous estimate of ($0.74). HC Wainwright has a “Buy” rating and a $240.00 price target on the stock. The consensus estimate for Coinbase Global’s current full-year earnings is ($0.50) per share. HC Wainwright also issued estimates for Coinbase Global’s Q4 2026 earnings at ($0.03) EPS, Q1 2027 earnings at $0.24 EPS, Q2 2027 earnings at $0.55 EPS, Q3 2027 earnings at $0.91 EPS, Q4 2027 earnings at $1.12 EPS and FY2027 earnings at $2.81 EPS.

Other analysts have also issued research reports about the stock. Weiss Ratings upgraded shares of Coinbase Global from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, October 8th. Cantor Fitzgerald reissued an “overweight” rating and set a $212.00 target price on shares of Coinbase Global in a report on Friday. The Goldman Sachs Group decreased their target price on shares of Coinbase Global from $244.00 to $210.00 and set a “buy” rating for the company in a research report on Friday. Zacks Research raised shares of Coinbase Global from a “strong sell” rating to a “hold” rating in a report on Wednesday, September 9th. Finally, Wells Fargo & Company lowered their price target on shares of Coinbase Global from $200.00 to $174.00 and set an “equal weight” rating on the stock in a report on Friday. Twenty equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and four have given a Sell rating to the stock. According to MarketBeat.com, Coinbase Global currently has an average rating of “Hold” and a consensus price target of $211.47.

Coinbase Global Stock Performance

Shares of NASDAQ COIN opened at $137.83 on Tuesday. The company has a current ratio of 2.42, a quick ratio of 2.42 and a debt-to-equity ratio of 0.45. Coinbase Global has a 12 month low of $135.46 and a 12 month high of $342.80. The company has a 50 day simple moving average of $178.77 and a two-hundred day simple moving average of $178.24. The stock has a market cap of $36.36 billion, a price-to-earnings ratio of -48.70 and a beta of 3.41.

Insider Activity

In other news, CAO Jennifer N. Jones sold 2,062 shares of the stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $188.75, for a total transaction of $389,202.50. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Frederick R. Wilson sold 10,000 shares of the stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $178.93, for a total transaction of $1,789,300.00. The disclosure for this sale is available in the SEC filing. 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 valued at $17,968,544. 16.66% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Coinbase Global

Institutional investors have recently bought and sold shares of the company. Bank of New York Mellon Corp acquired a new position in shares of Coinbase Global during the second quarter valued at approximately $142,995,000. Southpoint Capital Advisors LP acquired a new stake in shares of Coinbase Global in the first quarter worth approximately $104,766,000. National Pension Service boosted its stake in shares of Coinbase Global by 117.1% in the second quarter. National Pension Service now owns 641,518 shares of the cryptocurrency exchange’s stock worth $93,784,000 after acquiring an additional 346,045 shares during the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of Coinbase Global by 103.2% in the third quarter. Assenagon Asset Management S.A. now owns 314,338 shares of the cryptocurrency exchange’s stock worth $58,889,000 after acquiring an additional 159,636 shares during the last quarter. Finally, California State Teachers Retirement System increased its position in shares of 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 purchasing an additional 5,758 shares in the last quarter. 68.84% of the stock is currently owned by institutional investors and hedge funds.

Coinbase Global News Summary

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

• Positive Sentiment: Some analysts still view Coinbase as a long-term beneficiary of the Binance crisis. BTIG and H.C. Wainwright reiterated bullish views, arguing that Coinbase’s regulated U.S. position could help it gain market share. Binance Got Hacked for $6.3 Billion
• Positive Sentiment: ARK Invest reportedly purchased about $11 million of Coinbase and Circle shares after the Binance hack, signaling confidence that established, better-regulated platforms may benefit. Cathie Wood’s ARK Buys and Sells
• Positive Sentiment: New Jersey rescinded its Coinbase staking ban and $5 million penalty, removing a regulatory obstacle, although four states reportedly continue to restrict new staking activity. New Jersey Ends Coinbase Staking Ban
• Neutral Sentiment: Coinbase is diversifying beyond spot trading through prediction markets, derivatives, stablecoin partnerships and other infrastructure. These products helped offset a reported 10% quarter-over-quarter decline in spot trading, but investors remain concerned about the durability and scale of the newer revenue streams. The Five Most Interesting Analyst Questions
• Neutral Sentiment: Bitwise’s Matt Hougan said a major Anthropic IPO could eventually channel billions of dollars into crypto, though an initial shift of investor capital toward artificial-intelligence stocks could temporarily pressure Bitcoin and Coinbase. Bitwise’s Matt Hougan on the Anthropic IPO
• Negative Sentiment: Morgan Stanley downgraded Coinbase to Underweight and slashed its price target from $258 to $120. The bank cited slowing trading activity, a softer revenue outlook and a potentially slower earnings recovery following the Binance hack. Morgan Stanley Cuts Coinbase Target to $120
• Negative Sentiment: Several other firms also reduced their price targets after third-quarter results. Although Coinbase reportedly returned to profitability with approximately $719 million of net income, revenue was about $1.22 billion and below the prior-year level, reinforcing concerns that results remain highly dependent on crypto activity. Wall Street Analysts Are Slashing Price Targets
• Negative Sentiment: Chief Executive Brian Armstrong’s equity plan permits the sale of up to roughly 8.17 million shares if specified price thresholds are met, creating a potential supply and insider-selling overhang. Coinbase CEO Could Sell 8.2 Million Shares

About Coinbase Global

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.