Coinbase
COIN
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 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)
267% more first-time investments, than exits
New positions opened: 374 | Existing positions closed: 102
144% more capital invested
Capital invested by funds: $19.4B [Q1] → $47.3B (+$27.9B) [Q2]
83% more funds holding in top 10
Funds holding in top 10: 29 [Q1] → 53 (+24) [Q2]
55% more repeat investments, than reductions
Existing positions increased: 442 | Existing positions reduced: 285
25% more funds holding
Funds holding: 980 [Q1] → 1,225 (+245) [Q2]
10.3% more ownership
Funds ownership: 53.65% [Q1] → 63.95% (+10.3%) [Q2]
10% more call options, than puts
Call options by funds: $14.4B | Put options by funds: $13.1B
Research analyst outlook
18 Wall Street Analysts provided 1 year price targets over the past 3 months
18 analyst ratings
Barclays
Benjamin Budish
|
19%
upside
$365
|
Equal-Weight
Maintained
|
15 Aug 2025 |
Keefe, Bruyette & Woods
Kyle Voigt
|
10%
upside
$335
|
Market Perform
Maintained
|
4 Aug 2025 |
Compass Point
Ed Engel
|
18%
downside
$248
|
Sell
Downgraded
|
4 Aug 2025 |
Rosenblatt
Chris Brendler
|
54%
upside
$470
|
Buy
Maintained
|
1 Aug 2025 |
Canaccord Genuity
Joseph Vafi
|
31%
upside
$400
|
Buy
Maintained
|
1 Aug 2025 |
Needham
John Todaro
|
31%
upside
$400
|
Buy
Maintained
|
1 Aug 2025 |
HC Wainwright & Co.
Mike Colonnese
|
1%
downside
$300
|
Sell
Reiterated
|
1 Aug 2025 |
Jefferies
Trevor Williams
|
32%
upside
$405
|
Hold
Maintained
|
29 Jul 2025 |
Citigroup
Peter Christiansen
|
65%
upside
$505
|
Buy
Maintained
|
29 Jul 2025 |
Piper Sandler
Patrick Moley
|
14%
upside
$350
|
Neutral
Maintained
|
21 Jul 2025 |
Oppenheimer
Owen Lau
|
36%
upside
$417
|
Outperform
Maintained
|
14 Jul 2025 |
Argus Research
Kevin Heal
|
31%
upside
$400
|
Buy
Initiated
|
14 Jul 2025 |
JMP Securities
Brian Fitzgerald
|
44%
upside
$440
|
Market Outperform
Maintained
|
14 Jul 2025 |
Goldman Sachs
James Yaro
|
12%
downside
$268
|
Neutral
Maintained
|
7 Jul 2025 |
JMP Securities
Devin Ryan
|
31%
upside
$400
|
Market Outperform
Reiterated
|
25 Jun 2025 |
Bernstein
Gautam Chhugani
|
67%
upside
$510
|
Outperform
Maintained
|
25 Jun 2025 |
Benchmark
Mark Palmer
|
38%
upside
$421
|
Buy
Maintained
|
23 Jun 2025 |
China Renaissance
Cindy Wang
|
16%
upside
$353
|
Buy
Initiated
|
17 Jun 2025 |
Financial journalist opinion
Based on 76 articles about COIN published over the past 30 days