Analyst Saiyi He from CMB International Securities maintained a Buy rating on Coinbase Global and decreased the price target to $405.00 from $413.00.
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Saiyi He has given his Buy rating due to a combination of factors that suggest potential growth for Coinbase Global despite recent challenges. Although Coinbase experienced a decline in net revenue and adjusted EBITDA in 2Q25 due to a soft crypto market, there are signs of recovery with management’s optimistic guidance for 3Q25. This includes anticipated growth in transaction and stablecoin revenues driven by higher average crypto prices.
Moreover, Coinbase is actively pursuing new growth opportunities by expanding its product offerings. The launch of CFTC-regulated crypto perpetual futures in the US and plans for tokenized equities and a full-stack stablecoin payments platform demonstrate strategic initiatives aimed at capturing market share. Additionally, recent regulatory developments in the US provide a clearer framework for digital assets, which could reduce compliance costs and foster innovation, further supporting the Buy rating.
In another report released on August 2, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a $351.00 price target.