Coinbase Global: Argus Research initiates Buy rating with $400 price target.

Coinbase Global: Argus Research initiates Buy rating with $400 price target.

Coinbase Global Inc. (COIN) has received a significant boost from Argus Research, which initiated coverage with a Buy rating and a $400 price target on July 2, 2025. The research firm cited the company's leading position in the cryptocurrency trading market and its impressive growth trajectory as key reasons for the positive outlook.

Argus analysts Kevin Heal and Masako Inagaki highlighted Coinbase's robust financial performance, including a 76.45% revenue growth and an industry-leading 85.25% gross profit margin [1]. They also noted the recent passage of the GENIUS Act, which is expected to provide further impetus for growth. Additionally, Coinbase's inclusion in the S&P 500 index in May 2025, replacing Discover Financial Services, underscores its growing prominence in the financial markets.

While acknowledging valuation risks, Argus believes that Coinbase's higher margins compared to its peer group and its promising growth runway justify the premium valuation, at least in the near term and during a bull market [1]. The firm also mentioned Coinbase's acquisition of the leadership team from Opyn and its partnership with Perplexity AI as strategic moves to enhance its on-chain operations and provide real-time crypto data.

Despite the positive outlook, there are some concerns. Raymond James reiterated its Market Perform rating on Coinbase, expressing concerns over the sustainability of its revenue amid a fluctuating cryptocurrency market. Sequans Communications chose Coinbase as its custodian for a new bitcoin treasury strategy, further solidifying Coinbase's role in the digital asset space.

The average target price for Coinbase Global Inc. (COIN) is $309.23, with a high estimate of $510.00 and a low estimate of $172.32, as per 28 analysts [2]. The consensus recommendation from 34 brokerage firms is currently 2.4, indicating an "Outperform" status [2].

Coinbase Global Inc.'s (COIN) stock rose 0.9% in Monday morning trading as bitcoin (BTC-USD) climbed 1.5% to $120.9K, easing from its all-time high of $123K.

References:
[1] https://www.gurufocus.com/news/2974891/coinbase-coin-receives-positive-coverage-and-400-price-target-coin-stock-news
[2] https://seekingalpha.com/news/4467170-coinbase-gets-new-buy-rating-from-argus-as-growth-trajectory-is-poised-to-continue