Coinbase Global (NASDAQ:COIN) Upgraded to Hold at Zacks Research

16 Apr 2026, 07:30 by Teresa Graham · The Cerbat Gem

Zacks Research upgraded shares of Coinbase Global (NASDAQ:COIN) from a strong sell rating to a hold rating in a research report report published on Tuesday,Zacks.com reports.

A number of other research firms have also issued reports on COIN. Robert W. Baird reduced their target price on shares of Coinbase Global from $215.00 to $200.00 and set a “neutral” rating for the company in a research note on Wednesday, April 1st. Rothschild & Co Redburn decreased their price objective on shares of Coinbase Global from $281.00 to $254.00 and set a “buy” rating for the company in a report on Thursday, April 2nd. Cantor Fitzgerald decreased their price objective on shares of Coinbase Global from $277.00 to $221.00 and set an “overweight” rating for the company in a report on Monday, February 9th. Piper Sandler increased their price objective on shares of Coinbase Global from $150.00 to $180.00 and gave the company a “neutral” rating in a report on Wednesday. Finally, Compass Point decreased their price objective on shares of Coinbase Global from $190.00 to $140.00 and set a “sell” rating for the company in a report on Friday, February 20th. Nineteen equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, Coinbase Global has an average rating of “Hold” and an average price target of $261.11.

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Coinbase Global Trading Up 6.2%

Coinbase Global stock opened at $195.90 on Tuesday. The company has a quick ratio of 2.34, a current ratio of 2.34 and a debt-to-equity ratio of 0.40. The firm has a 50-day moving average price of $178.78 and a two-hundred day moving average price of $243.50. The firm has a market capitalization of $51.73 billion, a price-to-earnings ratio of 44.62, a PEG ratio of 4.09 and a beta of 3.60. Coinbase Global has a 52-week low of $139.36 and a 52-week high of $444.64.

Coinbase Global (NASDAQ:COIN – Get Free Report) last posted its earnings results on Thursday, February 12th. The cryptocurrency exchange reported $0.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.17). The firm had revenue of $1.78 billion for the quarter, compared to analyst estimates of $1.86 billion. Coinbase Global had a net margin of 17.55% and a return on equity of 8.68%. The company’s revenue for the quarter was down 21.6% on a year-over-year basis. During the same period in the previous year, the firm earned $4.68 earnings per share. Sell-side analysts expect that Coinbase Global will post 7.22 earnings per share for the current year.

Insider Activity

In other news, CFO Alesia J. Haas sold 364,600 shares of the stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $154.95, for a total value of $56,494,770.00. Following the completion of the transaction, the chief financial officer directly owned 402,165 shares in the company, valued at $62,315,466.75. This trade represents a 47.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have sold 384,570 shares of company stock valued at $60,504,690 in the last ninety days. Company insiders own 16.56% of the company’s stock.

Institutional Trading of Coinbase Global

Several institutional investors and hedge funds have recently added to or reduced their stakes in COIN. Vanguard Group Inc. boosted its stake in shares of Coinbase Global by 8.3% during the 3rd quarter. Vanguard Group Inc. now owns 26,216,793 shares of the cryptocurrency exchange’s stock worth $8,847,905,000 after acquiring an additional 2,007,930 shares in the last quarter. AEGON ASSET MANAGEMENT UK Plc bought a new stake in shares of Coinbase Global during the 3rd quarter worth $14,491,000. FengHe Fund Management Pte. Ltd. boosted its stake in shares of Coinbase Global by 119.1% during the 3rd quarter. FengHe Fund Management Pte. Ltd. now owns 69,900 shares of the cryptocurrency exchange’s stock worth $23,591,000 after acquiring an additional 38,000 shares in the last quarter. Artisan Partners Limited Partnership bought a new stake in shares of Coinbase Global during the 3rd quarter worth $224,663,000. Finally, Harvest Portfolios Group Inc. boosted its stake in shares of Coinbase Global by 42.5% during the 3rd quarter. Harvest Portfolios Group Inc. now owns 309,496 shares of the cryptocurrency exchange’s stock worth $104,452,000 after acquiring an additional 92,292 shares in the last quarter. 68.84% of the stock is owned by institutional investors and hedge funds.

More Coinbase Global News

Here are the key news stories impacting Coinbase Global this week:

Positive Sentiment: Broad crypto rally led by Bitcoin (past $75k) boosted Coinbase’s trading volumes and triggered a sector-wide equity bounce. Why Coinbase (COIN) Stock Is Trading Up Today
Positive Sentiment: Piper Sandler raised its price target to $180 (from $150), citing higher futures volume tied to geopolitical events that can lift crypto derivatives and exchange volumes — a near-term catalyst for fee revenue. Piper Sandler Lifts Coinbase Target to $180
Positive Sentiment: Reports that Coinbase is negotiating with Anthropic for access to Claude Mythos (an advanced, limited AI model) signal a push to strengthen security and fraud detection — a potential long‑term moat that could reduce losses and reassure institutional clients. Coinbase to Collaborate With Anthropic on Advanced AI Defense Systems
Positive Sentiment: Bernstein and other industry notes forecast massive growth in prediction markets (to ~$1T by 2030) and name Coinbase as a likely public-market beneficiary — a multi-year revenue diversification opportunity. Prediction markets will grow to $1 trillion by 2030, Bernstein estimates
Positive Sentiment: Short-term institutional demand for Ethereum on Coinbase spiked (Coinbase premium index), indicating episodic institutional flows that can lift spot and derivatives volumes on Coinbase. Ethereum Just Saw Its Strongest Institutional Demand Signal Since October
Neutral Sentiment: Analyst price‑target pieces and long-range bullish forecasts (e.g., 24/7 Wall St.) highlight upside scenarios but are model-dependent; useful for sentiment but not immediate proof of fundamentals. Coinbase Price Prediction: Can COIN Reclaim Its All Time Highs?
Negative Sentiment: Kraken has revived IPO plans, which validates the exchange sector but also increases competitive pressure on fees, product innovation and institutional relationships — a potential long-term headwind. Kraken Revives IPO Plans Amid Bitcoin’s Recent Surge

About Coinbase Global

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Coinbase Global, Inc is a U.S.-based company that operates one of the largest cryptocurrency exchange platforms. Founded in 2012 by Brian Armstrong and Fred Ehrsam and headquartered in San Francisco, Coinbase provides technology and infrastructure to buy, sell, store and use a broad range of digital assets. The company became a public company through a direct listing on the NASDAQ in April 2021 and offers services tailored to both retail and institutional customers.