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Coinbase Global (COIN) Stock Price, News & Analysis

-9.15 (-3.73%)
(As of 06/18/2024 ET)
Today's Range
50-Day Range
52-Week Range
6.19 million shs
Average Volume
12.08 million shs
Market Capitalization
$57.94 billion
P/E Ratio
Dividend Yield
Price Target

Coinbase Global MarketRank™ Stock Analysis

Analyst Rating
2.35 Rating Score
8.7% Downside
$215.50 Price Target
Short Interest
5.29% of Float Sold Short
Dividend Strength
News Sentiment
0.76mentions of Coinbase Global in the last 14 days
Based on 30 Articles This Week
Insider Trading
Selling Shares
$86.48 M Sold Last Quarter
Proj. Earnings Growth
From $5.01 to $3.36 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.43 out of 5 stars

Finance Sector

723rd out of 872 stocks

Nondepository Credit Institutions Industry

33rd out of 51 stocks

COIN stock logo

About Coinbase Global Stock (NASDAQ:COIN)

Coinbase Global, Inc. is among the world’s largest and foremost cryptocurrency exchanges. The company provides financial infrastructure and technology for the cryptocurrency economy in the United States and internationally. Coinbase Global, Inc. was founded in 2012 and is based in Wilmington, Delaware.

The company began with the idea that anyone, anywhere should be able to buy and sell Bitcoin and it has grown in tandem with the cryptosphere. Coinbase Global IPO’d in early 2021 and listed more than 100 million verified individual users less than a year later. Assets on the platform fluctuate based on the value of the cryptocurrency market but are counted in the $100’s of billions. The company employs roughly 5,000 people and serves clients in more than 100 countries. The company lists more than 200 assets for trading and over 350 for custody purposes.

The company is led by Bryan Armstrong. Armstrong is a co-founder, Chairman of the Board, CEO, and president of Coinbase and the driving force behind the business. One of his many innovations is making Coinbase Global, Inc a “remote-first” business which means there is no official corporate headquarters. The company operates offices in 12 cities around the world, however, and leases space when there is a concentration of employees in a new area.

Coinbase Global, Inc offers a range of tools for traders and investors. The company offers a primary financial account in the crypto-economy for businesses and consumers alike. The primary account, often referred to as a wallet, allows owners to buy, sell, trade, send, and receive cryptocurrencies supported by the platform. Coinbase Global supports well over 200 different cryptocurrencies and the number is growing so the potential application is very broad. New users may also earn free cryptocurrencies by participating in the company’s education program. The program informs users of new cryptocurrencies and rewards them for their time.

Coinbase Global wallet holders can also benefit from the growing trend in defi. Defi or decentralized finance is a host of applications that allow investors to buy cryptocurrency and stake financial transactions such as insurance or lending. Staked cryptocurrency earns a return just like traditional investments.

Coinbase Global also operates a marketplace with a pool of liquidity for transacting in crypto assets for institutions. Tools for businesses include direct access to the cryptocurrency market and the ability to list crypto assets on the exchange. Assets can be listed and sold to raise capital for projects or as a means of transferring wealth. NFTs are a large part of the marketplace as well and a pillar of the long-term growth outlook.

Along with the wallet and marketplace technology, Coinbase Global offers technology and services that allow ecosystem partners to build crypto-based applications and securely accept cryptocurrencies as payment. These tools are supported by a suite of White-label solutions and API interfaces that can power cryptocurrency transactions and services for any business.

COIN Stock Price History

COIN Stock News Headlines

Bitcoin logos
Bitcoin Breakout Looms: Which Crypto Stocks Will Ride the Wave?
As Bitcoin continues to consolidate within reach of its all-time highs, many investors, speculators, and traders wonder if a breakout is on the horizon. Currently trading at $67,100 per bitcoin and up almost 52% YTD, Bitcoin's critical short-term support level sits at $66,000, with $72,000 acting as critical resistance.
Bitcoin logos
Bitcoin Breakout Looms: Which Crypto Stocks Will Ride the Wave? (COIN)
As Bitcoin continues to consolidate within reach of its all-time highs, many investors, speculators, and traders wonder if a breakout is on the horizon.
Historic NVIDIA partnership could send this tiny AI stock soaring...
After striking partnerships with trillion-dollar chipmaker NVIDIA... ARM surged over 60% in a week... Who's next?
Robinhood investing app under magnifying glass.
These 2 Retail Traders Favorites are Nearing Major Breakouts
Shares of Coinbase Global NASDAQ: COIN and Robinhood Markets NASDAQ: HOOD are capturing significant attention. Both stocks display promising technical patterns indicative of potential breakouts.
Robinhood investing app under magnifying glass.
These 2 Retail Traders Favorites are Nearing Major Breakouts (COIN)
COIN and HOOD exhibit bullish formations, impressive YTD performance, and upward momentum, presenting opportunities for investors and short-term traders
Historic NVIDIA partnership could send this tiny AI stock soaring...
After striking partnerships with trillion-dollar chipmaker NVIDIA... ARM surged over 60% in a week... Who's next?
Former President Donald Trump speaks alongside his attorney Todd Blanche following the day's procee…
Donald Trump's campaign says it will begin accepting contributions through cryptocurrency
Donald Trump’s presidential campaign will begin accepting donations in cryptocurrency, the presumptive Republican presidential nominee’s campaign says
3 Blockchain Stocks to Buy Now: June 2024
Coinbase Global (NASDAQ:COIN) Earns "Buy" Rating from HC Wainwright
Coinbase Global (NASDAQ:COIN) Trading Down 3%
What's Going On With Coinbase's Stock?
See More Headlines
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Company Calendar

Last Earnings
Next Earnings (Estimated)
Fiscal Year End

Industry, Sector and Symbol

Nondepository credit institutions
Other Diversified Financial Services
Current Symbol
Year Founded

Price Target and Rating

Average Stock Price Target
High Stock Price Target
Low Stock Price Target
Potential Upside/Downside
Consensus Rating
Rating Score (0-4)
Research Coverage
20 Analysts


Net Income
$94.87 million
Pretax Margin


Sales & Book Value

Annual Sales
$3.11 billion
Cash Flow
$1.39 per share
Book Value
$25.95 per share


Free Float
Market Cap
$57.94 billion
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Should I Buy Coinbase Global Stock? COIN Pros and Cons Explained


Here are some ways that investors could benefit from investing in Coinbase Global, Inc.:

  • Coinbase Global's stock price has shown a 2.7% increase in recent trading, indicating positive market sentiment.
  • The company has a strong market cap of $63.13 billion, reflecting its significant presence in the cryptocurrency industry.
  • Coinbase Global reported a solid EPS of $1.65 for the last quarter, surpassing analyst expectations, showcasing strong financial performance.
  • The company has a healthy return on equity of 9.42%, indicating efficient utilization of shareholder funds.
  • With a beta of 3.44, Coinbase Global offers investors exposure to higher volatility, potentially leading to increased returns in a bullish market.


Investors should be bearish about investing in Coinbase Global, Inc. for these reasons:

  • Despite recent positive movements, Coinbase Global's stock has received mixed ratings from analysts, with some suggesting caution in the current market environment.
  • The company's debt-to-equity ratio of 0.52 may raise concerns about its financial leverage and ability to manage debt obligations.
  • While the stock has a strong P/E ratio of 51.31, it may indicate that the stock is currently overvalued compared to industry peers.
  • Coinbase Global's stock price volatility, reflected in its beta of 3.44, could pose risks for investors seeking more stable investment options.
  • With a consensus rating of "Hold" and an average price target of $214.67, there may be limited upside potential for investors in the short term.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Thursday, June 6, 2024. Please send any questions or comments about these Coinbase Global pros and cons to

COIN Stock Analysis - Frequently Asked Questions

Should I buy or sell Coinbase Global stock right now?

20 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Coinbase Global in the last year. There are currently 2 sell ratings, 9 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" COIN shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in COIN, but not buy additional shares or sell existing shares.
View COIN analyst ratings
or view top-rated stocks.

What is Coinbase Global's stock price target for 2024?

20 equities research analysts have issued 1 year target prices for Coinbase Global's stock. Their COIN share price targets range from $80.00 to $320.00. On average, they predict the company's share price to reach $215.50 in the next twelve months. This suggests that the stock has a possible downside of 8.7%.
View analysts price targets for COIN
or view top-rated stocks among Wall Street analysts.

How have COIN shares performed in 2024?

Coinbase Global's stock was trading at $173.92 at the start of the year. Since then, COIN shares have increased by 35.7% and is now trading at $235.95.
View the best growth stocks for 2024 here

When is Coinbase Global's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, August 1st 2024.
View our COIN earnings forecast

How were Coinbase Global's earnings last quarter?

Coinbase Global, Inc. (NASDAQ:COIN) issued its quarterly earnings results on Thursday, May, 2nd. The cryptocurrency exchange reported $1.65 EPS for the quarter, beating analysts' consensus estimates of $1.04 by $0.61. The cryptocurrency exchange earned $1.64 billion during the quarter, compared to the consensus estimate of $1.26 billion. Coinbase Global had a trailing twelve-month return on equity of 9.42% and a net margin of 33.98%.

When did Coinbase Global IPO?

Coinbase Global (COIN) raised $0 in an initial public offering on Wednesday, April 14th 2021. The company issued 114,900,000 shares at a price of $0.00 per share. Goldman Sachs, JPMorgan, Allen & Co. and Citigroup served as the underwriters for the IPO.

Who are Coinbase Global's major shareholders?

Coinbase Global's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (6.98%), Jane Street Group LLC (0.00%), Sumitomo Mitsui Trust Holdings Inc. (1.42%), Nikko Asset Management Americas Inc. (1.25%), IMC Chicago LLC (0.00%) and Price T Rowe Associates Inc. MD (0.40%). Insiders that own company stock include Alesia J Haas, Brian Armstrong, Emilie Choi, Frederick Ernest Ehrsam III, Frederick R Wilson, Gokul Rajaram, Jennifer N Jones, Kathryn Haun, Lawrence J Brock, Marc L Andreessen, Paul Grewal, Surojit Chatterjee and Tobias Lutke.
View institutional ownership trends

How do I buy shares of Coinbase Global?

Shares of COIN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:COIN) was last updated on 6/19/2024 by Staff

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