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Coinbase Global (COIN) Stock Forecast & Price Target

$235.95
-9.15 (-3.73%)
(As of 06/18/2024 ET)

Coinbase Global - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Consensus Price Target

$215.50
-8.67% Downside
High Forecast$320.00
Average Forecast$215.50
Low Forecast$80.00
TypeCurrent Forecast
6/20/23 to 6/19/24
1 Month Ago
5/21/23 to 5/20/24
3 Months Ago
3/22/23 to 3/21/24
1 Year Ago
6/20/22 to 6/20/23
Consensus Rating
Hold
Hold
Hold
Hold
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
9 Buy rating(s)
9 Buy rating(s)
9 Buy rating(s)
9 Buy rating(s)
Hold
9 Hold rating(s)
9 Hold rating(s)
8 Hold rating(s)
11 Hold rating(s)
Sell
2 Sell rating(s)
2 Sell rating(s)
4 Sell rating(s)
6 Sell rating(s)
Consensus Price Target$215.50$214.67$131.52$61.48
Forecasted Upside-8.67% Downside5.55% Upside-0.38% Downside9.08% Upside
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COIN Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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COIN Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Coinbase Global Stock vs. The Competition

TypeCoinbase GlobalFinance CompaniesS&P 500
Consensus Rating Score
2.35
2.43
2.50
Consensus RatingHoldHoldHold
Predicted Upside-8.67% Downside63.21% Upside11.30% Upside
News Sentiment RatingPositive News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
6/18/2024HC Wainwright
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 Reiterated RatingBuy ➝ Buy$315.00 ➝ $315.00+28.52%
6/5/2024Needham & Company LLC
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 Reiterated RatingBuy ➝ Buy$260.00 ➝ $260.00+6.47%
5/17/2024Bank of America
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 UpgradeUnderperform ➝ Neutral$110.00 ➝ $217.00+8.95%
5/8/2024Singular Research
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E. Engel
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Reiterated RatingBuy
5/6/2024Barclays
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 Boost TargetUnderweight ➝ Underweight$179.00 ➝ $204.00-11.10%
5/3/2024JMP Securities
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 Reiterated RatingMarket Outperform ➝ Market Outperform$320.00+43.34%
5/3/2024Wedbush
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 Boost TargetOutperform ➝ Outperform$200.00 ➝ $250.00+12.42%
5/3/2024Oppenheimer
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 Boost TargetOutperform ➝ Outperform$276.00 ➝ $282.00+23.25%
5/3/2024Keefe, Bruyette & Woods
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 Boost TargetMarket Perform ➝ Market Perform$230.00 ➝ $240.00+4.87%
5/3/2024The Goldman Sachs Group
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 Lower TargetNeutral ➝ Neutral$295.00 ➝ $255.00+11.43%
5/3/2024Canaccord Genuity Group
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 Boost TargetBuy ➝ Buy$240.00 ➝ $280.00+22.35%
4/18/2024Sanford C. Bernstein
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 Boost TargetMarket Perform ➝ Market Perform$80.00 ➝ $200.00-10.83%
4/12/2024Piper Sandler
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 Boost TargetNeutral ➝ Neutral$225.00 ➝ $245.00-6.85%
4/12/2024Mizuho
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 Boost TargetUnderperform ➝ Underperform$84.00 ➝ $145.00-44.87%
3/15/2024JPMorgan Chase & Co.
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 Boost TargetNeutral ➝ Neutral$95.00 ➝ $150.00-37.11%
3/12/2024Raymond James
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 UpgradeUnderperform ➝ Market Perform
1/19/2024Citigroup
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 Boost TargetNeutral ➝ Neutral$90.00 ➝ $151.00+21.44%
7/19/2023Compass Point
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 Boost TargetBuy$100.00 ➝ $145.00+34.01%
7/12/2023Atlantic Securities
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 DowngradeOverweight ➝ Neutral$70.00 ➝ $80.00-10.26%
5/15/2023Berenberg Bank
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 Initiated CoverageHold$55.00-9.49%
5/8/2023Daiwa Capital Markets
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 UpgradeNeutral ➝ Buy$58.00 ➝ $65.00+11.61%
5/5/2023Wells Fargo & Company
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 Boost Target$40.00 ➝ $43.00-12.64%
3/24/2023TD Cowen
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 DowngradeMarket Perform ➝ Underperform$36.00-45.70%
2/22/2023Jefferies Financial Group
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 Boost TargetHold$35.00 ➝ $60.00-10.10%
2/16/2023DA Davidson
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 DowngradeBuy ➝ Neutral$55.00 ➝ $60.00-13.47%
1/5/2023Cowen
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 DowngradeOutperform ➝ Market Perform$36.00-4.51%
12/12/2022KeyCorp
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 Initiated CoverageSector Weight ➝ Sector Weight
11/4/2022BTIG Research
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 Lower Target$220.00 ➝ $110.00+97.13%
6/23/2022Redburn Partners
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Nicholas Watts
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DowngradeBuy ➝ Neutral

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 06:04 AM ET.

COIN Forecast - Frequently Asked Questions

What is Coinbase Global's stock forecast and purchase recommendation?

According to the research reports of 20 Wall Street equities research analysts, the average twelve-month stock price forecast for Coinbase Global is $215.50, with a high forecast of $320.00 and a low forecast of $80.00. The consensus rating for Coinbase Global stock is Hold based on the current 2 sell ratings, 9 hold ratings and 9 buy ratings for COIN. Learn more on COIN's analyst rating history.

Do Wall Street analysts like Coinbase Global more than its competitors?

Analysts like Coinbase Global less than other "finance" companies. The consensus rating score for Coinbase Global is 2.35 while the average consensus rating score for "finance" companies is 2.43. Learn more on how COIN compares to other companies.

Is Coinbase Global being upgraded by Wall Street analysts?

Over the previous 90 days, Coinbase Global's stock had 1 upgrade by analysts.

Does Coinbase Global's stock price have much upside?

According to analysts, Coinbase Global's stock has a predicted upside of 5.27% based on their 12-month stock forecasts.

What analysts cover Coinbase Global?

Stock Forecasts and Research Tools

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

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