Fintel reports that on April 23, 2025, Benchmark initiated coverage of Coinbase Global (NasdaqGS:COIN) with a Buy recommendation.
Analyst Price Forecast Suggests 70.15% Upside
As of April 1, 2025, the average one-year price target for Coinbase Global is $330.76/share. The forecasts range from a low of $186.85 to a high of $498.75. The average price target represents an increase of 70.15% from its latest reported closing price of $194.39 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Coinbase Global is 4,381MM, a decrease of 30.39%. The projected annual non-GAAP EPS is -4.11.
What is the Fund Sentiment?
There are 1,567 funds or institutions reporting positions in Coinbase Global. This is an increase of 175 owner(s) or 12.57% in the last quarter. Average portfolio weight of all funds dedicated to COIN is 0.50%, an increase of 10.89%. Total shares owned by institutions increased in the last three months by 11.02% to 134,130K shares. 
The put/call ratio of COIN is 0.55, indicating a bullish outlook.
What are Other Shareholders Doing?
Jane Street Group holds 6,566K shares representing 3.12% ownership of the company. In its prior filing, the firm reported owning 3,096K shares , representing an increase of 52.85%. The firm increased its portfolio allocation in COIN by 191.05% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 6,101K shares representing 2.90% ownership of the company. In its prior filing, the firm reported owning 6,116K shares , representing a decrease of 0.25%. The firm increased its portfolio allocation in COIN by 37.00% over the last quarter.
Paradigm Operations holds 4,128K shares representing 1.96% ownership of the company. In its prior filing, the firm reported owning 4,516K shares , representing a decrease of 9.39%.
VIMSX - Vanguard Mid-Cap Index Fund Investor Shares holds 3,783K shares representing 1.80% ownership of the company. In its prior filing, the firm reported owning 3,683K shares , representing an increase of 2.65%. The firm increased its portfolio allocation in COIN by 42.08% over the last quarter.
Geode Capital Management holds 3,553K shares representing 1.69% ownership of the company. In its prior filing, the firm reported owning 3,426K shares , representing an increase of 3.58%. The firm increased its portfolio allocation in COIN by 38.54% over the last quarter.
Coinbase Global Background Information
(This description is provided by the company.)
Coinbase is building the cryptoeconomy – a more fair, accessible, efficient, and transparent financial system enabled by crypto. The company started in 2012 with the radical idea that anyone, anywhere, should be able to easily and securely send and receive Bitcoin. Today, Coinbase offers a trusted and easy-to-use platform for accessing the broader cryptoeconomy.
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This story originally appeared on Fintel.
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