Fintel reports that on January 29, 2025, Mizuho upgraded their outlook for Coinbase Global (NasdaqGS:COIN) from Underperform to Neutral.
Analyst Price Forecast Suggests 8.28% Upside
As of January 29, 2025, the average one-year price target for Coinbase Global is $305.14/share. The forecasts range from a low of $186.85 to a high of $441.00. The average price target represents an increase of 8.28% from its latest reported closing price of $281.82 / 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 12.40%. The projected annual non-GAAP EPS is -4.11.
What is the Fund Sentiment?
There are 1,401 funds or institutions reporting positions in Coinbase Global. This is an increase of 27 owner(s) or 1.97% in the last quarter. Average portfolio weight of all funds dedicated to COIN is 0.49%, an increase of 5.28%. Total shares owned by institutions increased in the last three months by 5.40% to 122,180K shares. 
The put/call ratio of COIN is 0.61, indicating a bullish outlook.
What are Other Shareholders Doing?
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 6,116K shares representing 2.98% ownership of the company. In its prior filing, the firm reported owning 5,997K shares , representing an increase of 1.94%. The firm decreased its portfolio allocation in COIN by 23.20% over the last quarter.
Paradigm Operations holds 4,516K shares representing 2.20% ownership of the company. No change in the last quarter.
VIMSX - Vanguard Mid-Cap Index Fund Investor Shares holds 3,683K shares representing 1.80% ownership of the company. In its prior filing, the firm reported owning 3,665K shares , representing an increase of 0.48%. The firm decreased its portfolio allocation in COIN by 25.89% over the last quarter.
Geode Capital Management holds 3,426K shares representing 1.67% ownership of the company. In its prior filing, the firm reported owning 3,111K shares , representing an increase of 9.18%. The firm decreased its portfolio allocation in COIN by 18.56% over the last quarter.
ARK Investment Management holds 3,241K shares representing 1.58% ownership of the company. In its prior filing, the firm reported owning 3,559K shares , representing a decrease of 9.80%. The firm decreased its portfolio allocation in COIN by 24.74% 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.
Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds.
Our data covers the world, and includes fundamentals, analyst reports, ownership data and fund sentiment, options sentiment, insider trading, options flow, unusual options trades, and much more. Additionally, our exclusive stock picks are powered by advanced, backtested quantitative models for improved profits.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
