Bernstein initiates coverage of Coinbase Global with outperform recommendation, predicting an 81.66% increase

From Nasdaq Corporation

March 17, 2025 8:03:14 pm:

Bernstein initiated coverage of Coinbase Global (NasdaqGS:COIN) with an Outperform recommendation on March 17, 2025. The average one-year price target for Coinbase Global is $343.25/share, with a forecasted range of $186.85 to $498.75/share, representing an 81.66% increase from the latest closing price of $188.95/share.

There are 1,550 funds or institutions reporting positions in Coinbase Global, marking a 12.08% increase in the last quarter. The average portfolio weight for COIN is 0.46%, with total shares owned by institutions increasing by 10.70% to 134,081K shares. The put/call ratio for COIN is 0.58, indicating a bullish outlook.

Jane Street Group holds 6,566K shares (3.12% ownership) of Coinbase Global, representing a 52.85% increase from its prior holdings. Vanguard Total Stock Market Index Fund Investor Shares holds 6,101K shares (2.90% ownership), with a 37.00% increase in portfolio allocation in COIN over the last quarter. Geode Capital Management holds 3,553K shares (1.69% ownership), with a 38.54% increase in portfolio allocation in COIN over the last quarter.

Coinbase Global is focused on building the cryptoeconomy, aiming to create a fair, accessible, efficient, and transparent financial system enabled by crypto. The company was founded in 2012 with the mission to make sending and receiving Bitcoin easy and secure, and now offers a platform to access the broader cryptoeconomy.

More Live News