On May 12, 2025, Compass Point made a significant update regarding Coinbase Global (COIN, Financial). The financial services firm upgraded the stock's rating from "Sell" to "Neutral". This change reflects an altered perspective from analyst Ed Engel, indicating a shift in outlook for the cryptocurrency exchange giant.
No price targets have been adjusted or announced alongside the rating change, and the report did not indicate any percentage change in the price target. The update solely concerns the revised rating status of Coinbase Global (COIN, Financial), which trades on the NASDAQ.
This rating alteration highlights a notable change in the assessment by Compass Point, suggesting a more balanced view of Coinbase Global's (COIN, Financial) market position amidst dynamic shifts in the cryptocurrency industry.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 26 analysts, the average target price for Coinbase Global Inc (COIN, Financial) is $260.34 with a high estimate of $400.00 and a low estimate of $180.00. The average target implies an upside of 23.39% from the current price of $210.98. More detailed estimate data can be found on the Coinbase Global Inc (COIN) Forecast page.
Based on the consensus recommendation from 31 brokerage firms, Coinbase Global Inc's (COIN, Financial) average brokerage recommendation is currently 2.4, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Coinbase Global Inc (COIN, Financial) in one year is $209.29, suggesting a downside of 0.8% from the current price of $210.9847. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Coinbase Global Inc (COIN) Summary page.
