Coinbase (COIN)

• Market cap: $47.9B
• 1 day: -2.77%
• 5 days: 1.62%
• 1 month: -9.50%
• 3 months: -29.03%
• 6 months: -1.39%
• Year to date: -26.68%
• 1 year: -26.54%
• 5 years: -42.56%
• 10 years: -42.56%
• Sector: Financials
• Industry: Finance Services

About: Founded in 2012, Coinbase is the leading cryptocurrency exchange platform in the United States. The company intends to be the safe and regulation-compliant point of entry for retail investors and institutions into the cryptocurrency economy. Users can establish an account directly with the firm, instead of using an intermediary, and many choose to allow Coinbase to act as a custodian for their cryptocurrency, giving the company breadth beyond that of a traditional financial exchange. While the company still generates the majority of its revenue from transaction fees charged to its retail customers, Coinbase uses internal investment and acquisitions to expand into adjacent businesses, such as prime brokerage and data analytics.

Employees: 3,772

Fund manager confidence

Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)

199% more first-time investments, than exits

New positions opened: 260 | Existing positions closed: 87

56% more capital invested

Capital invested by funds: $19.6B [Q3] → $30.6B (+$11B) [Q4]

41% more repeat investments, than reductions

Existing positions increased: 362 | Existing positions reduced: 256

16% more funds holding

Funds holding: 856 [Q3] → 996 (+140) [Q4]

14% more funds holding in top 10

Funds holding in top 10: 29 [Q3] → 33 (+4) [Q4]

5.41% more ownership

Funds ownership: 54.1% [Q3] → 59.51% (+5.41%) [Q4]

7% more call options, than puts

Call options by funds: $11.4B | Put options by funds: $10.6B

Research analyst outlook

14 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $195 3% upside
• Avg. target: $322 71% upside
• High target: $475 152% upside

14 analyst ratings

• positive: 7 50%
• neutral: 7 50%
• negative: 0 0%

Rosenblatt Chris Brendler 43% 1-year accuracy 3 / 7 met price target	62% upside $305	Buy Maintained	26 Mar 2025
Goldman Sachs James Yaro 33% 1-year accuracy 1 / 3 met price target	3% upside $195	Neutral Assumed	20 Mar 2025
Bernstein	64% upside $310	Outperform Initiated	17 Mar 2025
Mizuho Dan Dolev 59% 1-year accuracy 19 / 32 met price target	15% upside $217	Neutral Maintained	11 Mar 2025
B of A Securities Jason Kupferberg 35% 1-year accuracy 6 / 17 met price target	65% upside $311	Neutral Maintained	25 Feb 2025