Crypto company Coinbase Global (COIN) is set to release its Q2 2025 results on July 31. COIN stock has gained over 49% so far this year due to strong crypto trading volumes, improving profitability, and investor optimism around the digital asset recovery. Also, rising institutional adoption and Coinbase’s move into crypto derivatives and overseas markets have helped drive the stock higher. Wall Street analysts anticipate that the company will report earnings of $1.25 per share on revenues of $1.59 billion.
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Notably, COIN has missed earnings estimates three out of the past four quarters.
In the Q2 earnings call, investors will watch for updates on trading volumes, progress in recurring revenue, and management’s outlook for the rest of 2025.
Analysts’ Views on COIN Ahead of Q2 Results
Ahead of Coinbase Global’s Q2 results, Jefferies analyst Trevor Williams kept a Hold rating but raised his price target from $260 to $405. He expects retail trading volumes to drop 40% quarter-over-quarter. Still, he lifted his overall revenue forecast by about 5%, helped by a higher institutional take rate. Williams also noted that despite stablecoin buzz, USDC’s market cap has only grown 5% since early May, limiting the upside. As a result, he prefers to remain on the sidelines for now.
Meanwhile, Monness Crespi analyst Gustavo Gala downgraded the stock to Hold from Buy. He pointed to valuation concerns and said COIN needs clearer growth drivers despite positive crypto developments, such as the GENIUS Act and the proposed CLARITY Act.
Options Traders Anticipate a Large Move
Using TipRanks’ Options tool, we can see what options traders are expecting from the stock immediately after its earnings report. The expected earnings move is determined by calculating the at-the-money straddle of the options closest to expiration after the earnings announcement. If this sounds complicated, don’t worry; the Options tool does this for you.
Indeed, it currently says that options traders are expecting a 7.39% move in either direction.
Is Coinbase a Good Stock to Buy?
Turning to Wall Street, COIN stock has a Moderate Buy consensus rating based on 14 Buys, 11 Holds, and one Sell assigned in the last three months. At $383.29, the average Coinbase stock price target implies a 3.19% upside potential.
