Barclays raises Coinbase Global target price to $359 from $202

Barclays raises Coinbase Global target price to $359 from $202

Barclays has increased its target price for Coinbase Global (NASDAQ:COIN) to $359 from $202, reflecting the firm's positive outlook on the cryptocurrency exchange's prospects. This move follows a series of analyst upgrades and a strong market performance for the company.

On July 9, 2025, Coinbase Global's share price rose by 1.9%, trading as high as $364.59 and closing at $361.44. The trading volume was significantly lower than average, with approximately 3.44 million shares changing hands compared to the usual 10.77 million shares [1].

Several analysts have recently upgraded their price targets and ratings for Coinbase Global. Benchmark increased its target price to $421 with a "buy" rating, while Cantor Fitzgerald set an "overweight" rating with a $245 target. Piper Sandler, Barclays, and Keefe, Bruyette & Woods also raised their target prices, with Keefe, Bruyette & Woods increasing their target to $205 [1].

Barclays' new target price of $359 is significantly higher than its previous estimate of $202, indicating a strong bullish stance on the company's future performance. The firm's positive outlook is likely driven by several factors, including the company's strong revenue growth, positive earnings reports, and increasing institutional investor interest.

Coinbase Global reported $1.94 earnings per share for the quarter, missing the consensus estimate of $2.18 but still showing a return on equity of 20.25% and a net margin of 21.14%. The company's revenue for the quarter was up 24.2% year-over-year, reaching $2.03 billion [1].

Institutional investors have been actively participating in Coinbase Global's stock, with hedge funds and asset management firms increasing their holdings. Norges Bank, Groupama Asset Management, Vanguard Group Inc., Nuveen LLC, and Amundi have all bought or increased their stakes in the company [1].

The market capitalization of Coinbase Global stands at $94.91 billion, with a PE ratio of 70.01, a P/E/G ratio of 26.12, and a beta of 3.70. The company's debt-to-equity ratio is 0.40, and its current and quick ratios are both 2.52 [1].

As of July 2, 2025, Coinbase Global's stock has received a "Moderate Buy" rating from analysts, with an average price target of $293.74. This positive sentiment, combined with the company's strong financial performance and increasing institutional interest, suggests that Coinbase Global is well-positioned for future growth.

References:
[1] https://www.marketbeat.com/instant-alerts/coinbase-global-nasdaqcoin-trading-up-19-whats-next-2025-07-09/