With a market capitalization of $88.3 billion, New York-based Coinbase Global, Inc. (COIN) is the largest cryptocurrency exchange in the United States. It provides a platform for trading digital assets and offers services for consumers, institutions and developers in the global crypto economy.
Coinbase Global shares have outperformed the broader market over the past 52 weeks. COIN shares have risen 82.7% over this period, while the broader S&P 500 index ($SPX) has risen 19.6%. Additionally, the stock is up 34.6% year to date, compared to SPX’s gain of 16.5%.
Additionally, Coinbase Global shares have also outperformed the iShares US Financials ETF (IYF)’s 14.3% return over the past 52 weeks.
Coinbase shares rose 4.7% following its third-quarter 2025 results on October 30, as the company reported net income of $1.50 per share, beating expectations. Trading revenue nearly doubled to $1.05 billion amid increased cryptocurrency volatility that boosted trading volumes. Investors were also encouraged by a 34.3% increase in subscription and services revenue to $746.7 million and the acquisition of Deribit, which strengthened Coinbase’s position in the derivatives market.
For the current fiscal year, which ends in December 2025, analysts expect COIN’s adjusted EPS to decline 42.9% year over year to $4.34. The company’s history of earnings surprises is mixed. It surpassed consensus estimates in three of the last four quarters and missed estimates on another occasion.
Among the 33 analysts covering the stock, the consensus rating is “Moderate Buy.” This is based on 17 “Strong Buy” ratings, one “Moderate Buy”, 13 “Holds” and two “Strong Sells”.
This setup is more bullish than three months ago, with 13 “Strong Buy” ratings for the stock.
On October 31, BTIG raised its price target on Coinbase to $420 and maintained a “Buy” rating.
The average price target of $395.02 represents a premium of 18.2% to COIN’s current price levels. The Street’s high price target of $510 suggests a potential upside of 52.6%.
As of the date of publication, Sohini Mondal had no (directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article are for informational purposes only. This article was originally published on Barchart.com