Coinbase Global (COIN) AI Stock Analysis

• Market Cap: $81.11B
• Dividend Yield: N/A
• Average Volume (3M): 15.54M
• Price to Earnings (P/E): 30.4
• Beta (1Y): 2.75
• Revenue Growth: 57.56%
• EPS Growth: 84.56%
• Country: US
• Employees: 3,772
• Sector: Financial
• Sector Strength: 69
• Industry: Financial - Data & Stock Exchanges
• EPS (TTM): 5.14
• Shares Outstanding: 215,159,120
• 10 Day Avg. Volume: 13,597,261
• 30 Day Avg. Volume: 15,537,840
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: 1.14
• Enterprise Value/Revenue: 13.22
• Enterprise Value/Gross Profit: 17.30
• Enterprise Value/Ebitda: 51.55
• 1Y Price Target: $376.67
• Price Target Upside: 19.70% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 28

• Rating: 67 Neutral
• Price Target: $341.00 ▲(8.36%Upside)

Coinbase's overall stock score of 67 reflects strong financial performance and strategic growth initiatives highlighted in the earnings call, particularly in derivatives and stablecoin payments. Technical analysis presents mixed signals with potential downward pressure, and the valuation suggests the stock may be overvalued, offsetting some of the positive earnings call insights.

Positive Factors

Institutional Adoption

COIN's crypto prime brokerage platform and its burgeoning strength in crypto derivatives have positioned it as a primary beneficiary of the acceleration of institutional adoption of digital assets.

Platform Expansion

COIN's development of a 'super app' for crypto, which blends trading, payments, DeFi, NFTs, stablecoins, and developer tools into a single platform, would be a unique offering in the U.S. market.

Stablecoin Adoption

COIN's agreement with Circle regarding the revenue it generates from the float underlying USD Coin has positioned it to benefit significantly from the increased adoption of stablecoins spurred by the enactment of the GENIUS Act.

Negative Factors

Crypto Sell-off

The analyst is downgrading COIN to Sell amid the ongoing crypto sell-off.

Retail Interest

Retail interest in crypto treasury stocks, including COIN, is beginning to wane, affecting trading liquidity and valuation.

Stablecoin Competition

Increasing stablecoin competition is expected to impact COIN's valuation negatively.

Coinbase Global Business Overview & Revenue Model

Company Description

Coinbase Global, Inc. provides financial infrastructure and technology for the cryptoeconomy in the United States and internationally. It offers the primary financial account in the cryptoeconomy for consumers; a marketplace with a pool of liquidity for transacting in crypto assets for institutions; and technology and services that enable developers to build crypto-based applications and securely accept crypto assets as payment. The company was founded in 2012 and is based in Wilmington, Delaware.

How the Company Makes Money

Coinbase primarily generates revenue through transaction fees charged on its trading platform. These fees are applied when users buy, sell, or trade cryptocurrencies on the exchange. The company offers different fee structures for retail and institutional clients, with professional traders often enjoying lower rates due to higher trading volumes. Additionally, Coinbase earns money from subscription services, such as Coinbase Pro and Coinbase One, which offer advanced trading features and reduced fees. The company also gains revenue from interest on customer custodial funds and by providing a range of institutional services, including custody and staking options. Partnerships with financial institutions and strategic investments in blockchain technology companies further contribute to Coinbase's earnings.

Coinbase Global Financial Statement Overview

Summary

Coinbase Global is on a solid financial footing, with robust revenue growth and efficient cash flow management. While profitability metrics exhibit some volatility, the company's resilience and strategic financial management are evident. Continued focus on maintaining stable leverage and improving profit margins could further enhance financial health.

Income Statement

Coinbase Global has demonstrated strong revenue growth in recent years, with a notable recovery from the revenue dip in 2022. The gross profit margin is robust, indicating effective cost management. However, there is volatility in net profit margin, primarily due to fluctuations in net income, which poses a potential risk.

Balance Sheet

The debt-to-equity ratio remains manageable, suggesting a balanced approach to leveraging. The return on equity has improved significantly, reflecting enhanced profitability. The equity ratio indicates a strong capital structure, although the high liabilities in 2023 imply potential leverage risks.

Cash Flow

Cash flow from operations is consistently strong, with impressive free cash flow generation, enhancing financial flexibility. The operating cash flow to net income ratio is stable, indicating efficient cash management practices. Overall, cash flow metrics show a positive trajectory, supporting growth initiatives.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	7.01B	6.56B	3.11B	3.19B	7.84B	1.28B
Gross Profit	5.36B	4.91B	1.97B	2.56B	6.10B	1.14B
EBITDA	1.80B	3.15B	145.56M	-2.82B	3.12B	439.91M
Net Income	2.86B	2.58B	94.87M	-2.62B	3.62B	322.32M
Balance Sheet
Total Assets	23.48B	22.54B	14.75B	89.72B	21.27B	5.86B
Cash, Cash Equivalents and Short-Term Investments	9.76B	9.55B	5.53B	5.29B	7.22B	1.11B
Total Debt	4.51B	4.32B	2.99B	3.49B	3.51B	379.08M
Total Liabilities	11.38B	12.27B	8.47B	84.27B	14.89B	4.89B
Stockholders Equity	12.09B	10.28B	6.28B	5.45B	6.38B	963.58M
Cash Flow
Free Cash Flow	1.81B	2.56B	922.95M	-1.59B	3.96B	2.99B
Operating Cash Flow	1.81B	2.56B	922.95M	-1.59B	4.04B	3.00B
Investing Cash Flow	-1.05B	-282.38M	5.39M	-663.82M	-1.12B	50.82M
Financing Cash Flow	549.99M	2.83B	-811.33M	-5.84B	9.98B	18.80M

Coinbase Global Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 314.69
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For COIN, the sentiment is Neutral. The current price of 314.69 is below the 20-day moving average (MA) of 384.88, below the 50-day MA of 325.25, and above the 200-day MA of 262.52, indicating a neutral trend. The MACD of 9.36 indicates Positive momentum. The RSI at 34.48 is Neutral, neither overbought nor oversold. The STOCH value of 11.88 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for COIN.

Coinbase Global Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	67 Neutral	$17.01B	11.59	9.13%	3.95%	10.67%	1.30%
COIN	67 Neutral	$81.11B	30.44	27.96%	―	57.56%	84.56%
SPT	63 Neutral	$962.89M	―	-36.95%	―	17.79%	16.49%
GRAB	63 Neutral	$19.57B	174.55	1.77%	―	18.84%	―
RIOT	62 Neutral	$4.08B	24.36	-3.23%	―	93.46%	-166.22%
GRND	58 Neutral	$3.41B	―	-63.52%	―	30.08%	-196.62%
MSTR	46 Neutral	$103.96B	32.08	18.01%	0.08%	-3.81%	―

Coinbase Global Corporate Events

Coinbase Global Holds Annual Stockholders Meeting

On June 18, 2025, Coinbase Global, Inc. held its annual meeting of stockholders where three key proposals were voted on. The stockholders elected ten directors to serve until the 2026 meeting, ratified the appointment of Deloitte & Touche LLP as the independent registered public accounting firm for 2025, and approved the compensation for the company’s executive officers. These decisions reflect the company’s ongoing governance and operational strategies, potentially impacting its market positioning and stakeholder relations.

The most recent analyst rating on (COIN) stock is a Hold with a $181.00 price target. To see the full list of analyst forecasts on Coinbase Global stock, see the COIN Stock Forecast page.

Coinbase Acquires Deribit in Major Cryptocurrency Deal

On May 8, 2025, Coinbase Global, Inc. entered into a Share Purchase Agreement to acquire all outstanding shares of Deribit, a Netherlands-based company, for $700 million in cash and nearly 11 million shares of Coinbase’s Class A common stock. This acquisition, pending regulatory approvals and other conditions, aims to strengthen Coinbase’s market position and expand its offerings in the cryptocurrency space, with significant implications for stakeholders, including a lock-up arrangement for certain Deribit shareholders and a potential $100 million termination fee if regulatory approvals are not obtained by November 8, 2025.