Analyst Saiyi He from CMB International Securities maintained a Buy rating on Coinbase Global and increased the price target to $410.00 from $405.00.
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Saiyi He has given his Buy rating due to a combination of factors that highlight Coinbase’s strong financial performance and growth prospects. The company’s third-quarter results for 2025 exceeded expectations, with net revenue increasing significantly year-over-year and quarter-over-quarter, driven by robust transaction activity. This solid performance was reflected in the adjusted EBITDA, which also surpassed consensus estimates, indicating effective cost management and operational efficiency.
Furthermore, Saiyi He notes the emerging growth opportunities for Coinbase, such as the expansion of its asset offerings through the Everything Exchange, the introduction of payment APIs for stablecoin solutions, and the development of the Base Chain network. These initiatives are expected to drive long-term growth and create additional revenue streams. Additionally, the improvement in the company’s EBITDA margin demonstrates its ability to leverage operating efficiencies, further supporting the Buy rating as Coinbase continues to invest in talent and strategic acquisitions to capitalize on future opportunities.
In another report released today, BTIG also reiterated a Buy rating on the stock with a $420.00 price target.