Coinbase (COIN)

• Market cap: $49.5B
• 1 day: -1.57%
• 5 days: 4.90%
• 1 month: 17.80%
• 3 months: -32.66%
• 6 months: -4.18%
• Year to date: -21.12%
• 1 year: -0.51%
• 5 years: -38.20%
• 10 years: -38.20%
• Sector: Financials
• Industry: Financial Data & Stock Exchanges

About: Founded in 2012, Coinbase is the leading cryptocurrency exchange platform in the United States. The company intends to be the safe and regulation-compliant point of entry for retail investors and institutions into the cryptocurrency economy. Users can establish an account directly with the firm, instead of using an intermediary, and many choose to allow Coinbase to act as a custodian for their cryptocurrency, giving the company breadth beyond that of a traditional financial exchange. While the company still generates the majority of its revenue from transaction fees charged to its retail customers, Coinbase uses internal investment and acquisitions to expand into adjacent businesses, such as prime brokerage and data analytics.

Employees: 3,772

Fund manager confidence

Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)

211% more first-time investments, than exits

New positions opened: 264 | Existing positions closed: 85

57% more capital invested

Capital invested by funds: $19.2B [Q3] → $30.2B (+$11B) [Q4]

41% more repeat investments, than reductions

Existing positions increased: 362 | Existing positions reduced: 256

18% more funds holding in top 10

Funds holding in top 10: 28 [Q3] → 33 (+5) [Q4]

17% more funds holding

Funds holding: 853 [Q3] → 1,001 (+148) [Q4]

5.76% more ownership

Funds ownership: 52.98% [Q3] → 58.74% (+5.76%) [Q4]

7% more call options, than puts

Call options by funds: $11.4B | Put options by funds: $10.6B

Research analyst outlook

15 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $169 17% downside
• Avg. target: $284 40% upside
• High target: $400 97% upside

15 analyst ratings

• positive: 8 53%
• neutral: 6 40%
• negative: 1 7%

Compass Point Ed Engel 100% 1-year accuracy 2 / 2 met price target	11% downside $180	Sell Downgraded	28 Apr 2025
Benchmark Mark Palmer 60% 1-year accuracy 43 / 72 met price target	24% upside $252	Buy Initiated	23 Apr 2025
Rosenblatt Chris Brendler 44% 1-year accuracy 4 / 9 met price target	43% upside $290	Buy Maintained	17 Apr 2025
JMP Securities Devin Ryan 67% 1-year accuracy 4 / 6 met price target	97% upside $400	Market Outperform Maintained	8 Apr 2025
Cantor Fitzgerald Brett Knoblauch 29% 1-year accuracy 22 / 76 met price target	21% upside $245	Overweight Initiated	8 Apr 2025