Coinbase Global, Inc. (COIN)
NASDAQ: COIN · IEX Real-Time Price · USD
207.60
+8.43 (4.23%)
At close: May 17, 2024, 4:00 PM
207.01
-0.59 (-0.28%)
After-hours: May 17, 2024, 7:59 PM EDT
Coinbase Stock Forecast
Stock Price Forecast
The 19 analysts with 12-month price forecasts for Coinbase stock have an average target of 221.79, with a low estimate of 80 and a high estimate of 325. The average target predicts an increase of 6.84% from the current stock price of 207.60.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for Coinbase stock from 20 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 6 | 6 | 6 | 5 | 6 | 5 |
| Buy | 2 | 3 | 3 | 3 | 3 | 3 |
| Hold | 9 | 6 | 7 | 9 | 10 | 10 |
| Sell | 6 | 7 | 5 | 4 | 4 | 2 |
| Strong Sell | 1 | 1 | 1 | 0 | 0 | 0 |
| Total | 24 | 23 | 22 | 21 | 23 | 20 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| B of A Securities | B of A Securities | Sell → Hold Upgrades $110 → $217 | Sell → Hold | Upgrades | $110 → $217 | +4.53% | May 17, 2024 |
| Barclays | Barclays | Sell Maintains $179 → $204 | Sell | Maintains | $179 → $204 | -1.73% | May 6, 2024 |
| Goldman Sachs | Goldman Sachs | Hold Maintains $295 → $255 | Hold | Maintains | $295 → $255 | +22.83% | May 6, 2024 |
| JMP Securities | JMP Securities | Buy Reiterates $320 | Buy | Reiterates | $320 | +54.14% | May 3, 2024 |
| Wedbush | Wedbush | Buy Maintains $200 → $250 | Buy | Maintains | $200 → $250 | +20.42% | May 3, 2024 |
Financial Forecast
Revenue This Year
4.48B
from 3.11B
Increased by 44.13%
Revenue Next Year
4.68B
from 4.48B
Increased by 4.44%
EPS This Year
1.80
from 0.37
Increased by 386.43%
EPS Next Year
1.79
from 1.80
Decreased by -0.79%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 6.1B | 6.0B | 7.8B | 6.9B | 7.8B |
| Avg | 4.5B | 4.7B | 5.5B | 4.8B | 5.1B |
| Low | 2.8B | 2.8B | 2.3B | 2.6B | 2.4B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 96.5% | 33.7% | 66.9% | 26.4% | 64.0% |
| Avg | 44.1% | 4.4% | 17.0% | -12.9% | 6.3% |
| Low | -9.0% | -36.7% | -50.6% | -53.0% | -48.8% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 4.15 | 4.44 | 6.92 | 5.53 | 6.85 |
| Avg | 1.80 | 1.79 | 3.14 | 5.38 | 6.65 |
| Low | -0.60 | -1.00 | -1.31 | 5.16 | 6.39 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 1,020.9% | 146.8% | 287.5% | 76.0% | 27.4% |
| Avg | 386.4% | -0.8% | 76.1% | 70.9% | 23.7% |
| Low | - | - | - | 64.2% | 18.9% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.