Coinbase Global (COIN) Stock Forecast & Price Target

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$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

Hold
Based on 20 Analyst Ratings

Consensus Price Target

$215.50
-8.67% Downside

High Forecast	$320.00
Average Forecast	$215.50
Low Forecast	$80.00

Type	Current 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% Downside	5.55% Upside	-0.38% Downside	9.08% 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.

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.

Coinbase Global Stock vs. The Competition

Type	Coinbase Global	Finance Companies	S&P 500
Consensus Rating Score	2.35	2.43	2.50
Consensus Rating	Hold	Hold	Hold
Predicted Upside	-8.67% Downside	63.21% Upside	11.30% Upside
News Sentiment Rating	Positive News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
6/18/2024	HC Wainwright Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$315.00 ➝ $315.00	+28.52%
6/5/2024	Needham & Company LLC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$260.00 ➝ $260.00	+6.47%
5/17/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Underperform ➝ Neutral	$110.00 ➝ $217.00	+8.95%
5/8/2024	Singular Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	E. Engel Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy
5/6/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Underweight ➝ Underweight	$179.00 ➝ $204.00	-11.10%
5/3/2024	JMP Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Market Outperform ➝ Market Outperform	$320.00	+43.34%
Get the Latest News and Ratings for COIN and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Coinbase Global and its competitors with MarketBeat's FREE daily newsletter.
5/3/2024	Wedbush Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$200.00 ➝ $250.00	+12.42%
5/3/2024	Oppenheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$276.00 ➝ $282.00	+23.25%
5/3/2024	Keefe, Bruyette & Woods Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Market Perform ➝ Market Perform	$230.00 ➝ $240.00	+4.87%
5/3/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$295.00 ➝ $255.00	+11.43%
5/3/2024	Canaccord Genuity Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$240.00 ➝ $280.00	+22.35%
4/18/2024	Sanford C. Bernstein Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Market Perform ➝ Market Perform	$80.00 ➝ $200.00	-10.83%
4/12/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$225.00 ➝ $245.00	-6.85%
4/12/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Underperform ➝ Underperform	$84.00 ➝ $145.00	-44.87%
3/15/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$95.00 ➝ $150.00	-37.11%
3/12/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Underperform ➝ Market Perform
1/19/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$90.00 ➝ $151.00	+21.44%
7/19/2023	Compass Point Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy	$100.00 ➝ $145.00	+34.01%
7/12/2023	Atlantic Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Overweight ➝ Neutral	$70.00 ➝ $80.00	-10.26%
5/15/2023	Berenberg Bank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Hold	$55.00	-9.49%
5/8/2023	Daiwa Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Buy	$58.00 ➝ $65.00	+11.61%
5/5/2023	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$40.00 ➝ $43.00	-12.64%
3/24/2023	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Market Perform ➝ Underperform	$36.00	-45.70%
2/22/2023	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold	$35.00 ➝ $60.00	-10.10%
2/16/2023	DA Davidson Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Neutral	$55.00 ➝ $60.00	-13.47%
1/5/2023	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Outperform ➝ Market Perform	$36.00	-4.51%
12/12/2022	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Sector Weight ➝ Sector Weight
11/4/2022	BTIG Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$220.00 ➝ $110.00	+97.13%
6/23/2022	Redburn Partners Subscribe to MarketBeat All Access for the recommendation accuracy rating	Nicholas Watts Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ 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.