Canaccord Genuity Group Issues Pessimistic Forecast for Coinbase Global (NASDAQ:COIN) Stock Price

Coinbase Global (NASDAQ:COIN) had its target price cut by research analysts at Canaccord Genuity Group from $300.00 to $275.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm currently has a “buy” rating on the cryptocurrency exchange’s stock. Canaccord Genuity Group‘s target price would suggest a potential upside of 91.58% from the stock’s current price.

Other research analysts also recently issued reports about the company. Morgan Stanley downgraded Coinbase Global from an “equal weight” rating to an “underweight” rating and decreased their price target for the company from $258.00 to $120.00 in a report on Monday. Barclays dropped their price objective on shares of Coinbase Global from $149.00 to $120.00 and set an “underweight” rating on the stock in a research note on Friday. Rosenblatt Securities reaffirmed a “buy” rating and set a $200.00 target price on shares of Coinbase Global in a report on Thursday. Piper Sandler boosted their target price on shares of Coinbase Global from $146.00 to $170.00 and gave the company a “neutral” rating in a research note on Friday, October 2nd. Finally, Sanford C. Bernstein reissued an “outperform” rating and set a $330.00 price target on shares of Coinbase Global in a report on Friday, July 31st. Twenty analysts have rated the stock with a Buy rating, twelve have given a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Coinbase Global presently has an average rating of “Hold” and an average target price of $211.47.

Coinbase Global Stock Performance

Shares of COIN stock opened at $143.54 on Friday. The business has a fifty day moving average of $179.74 and a 200 day moving average of $178.82. Coinbase Global has a 1 year low of $136.89 and a 1 year high of $361.40. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.42 and a quick ratio of 2.42. The firm has a market capitalization of $37.87 billion, a price-to-earnings ratio of -50.72 and a beta of 3.35.

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

Insiders Place Their Bets

In related news, Director Marc L. Andreessen sold 6,838 shares of Coinbase Global stock in a transaction 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 sale, the director owned 1,108,972 shares of the company’s stock, valued at approximately $219,576,456. This trade represents a 0.61% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Jennifer N. Jones sold 2,062 shares of the business’s stock in a transaction on Monday, August 24th. The stock was sold at an average price of $188.75, for a total transaction of $389,202.50. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 92,120 shares of company stock valued at $17,968,544 over the last ninety days. 16.66% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Coinbase Global

Several hedge funds and other institutional investors have recently added to or reduced their stakes in COIN. Bank of New York Mellon Corp purchased a new position in Coinbase Global in the 2nd quarter valued at about $142,995,000. National Pension Service increased its stake in Coinbase Global by 117.1% during the 2nd quarter. National Pension Service now owns 641,518 shares of the cryptocurrency exchange’s stock worth $93,784,000 after buying an additional 346,045 shares in the last quarter. Southpoint Capital Advisors LP acquired a new position in shares of Coinbase Global during the first quarter valued at approximately $104,766,000. California State Teachers Retirement System raised its holdings 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 valued at $56,641,000 after acquiring an additional 5,758 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its position 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 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.