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COIN carries a BUY rating with a $360 price target, implying 118% upside as crypto volumes recover and a 14% headcount cut takes hold.
USDC hit an $80 billion all-time high and stablecoin markets could expand tenfold to $3 trillion by 2030, fueling Coinbase's long-term bull case.
A 118x forward P/E and insider net selling headline the risks, but $10 billion in cash and a $290 bear-case floor offer some comfort.
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OurCoinbase(NASDAQ:COIN) call is unabashedly constructive.
Shares have been battered in 2026, but the setup into the back half of the year looks compelling if crypto volumes normalize and the cost-out plan sticks.
price target for Coinbase is $360.19 over the next 12 months, implying 117.66% upside from $165.48.
Our recommendation is buy, with a confidence level of 90%.
That is a high-conviction call on a high-beta stock.
The stock is down 53.31% over the past year and 26.82% year to date, retracing from a 52-week high of $444.64 to a 52-week low of $139.18.
Momentum is finally turning: shares are up 16.11% in the past week.
Q1 2026, reported May 7, was the flashpoint.
| Product | Price | Change |
|---|---|---|
| Brent Crude | $102.14/bbl | +0.34% |
| WTI Crude | $96.90/bbl | +0.21% |
| EN590 Diesel | $846/MT | +0.18% |
| Jet Fuel A-1 | $1090/MT | +0.55% |
| Mazut M100 | $450/MT | -0.15% |
| Bitumen 60/70 | $470/MT | +0.08% |
| Sulphur Gran 99.5% | $470/MT | -0.44% |
| Urea 46% Gran | $650/MT | +1.12% |
| NPK 16-16-16 | $460/MT | -0.28% |
| Nat Gas TTF | $15.42/MMBtu | +0.92% |
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