From Financial Modeling Prep: 2025-03-18 12:45:00

Coinbase Global (NASDAQ:COIN) has been given a new Outperform rating by Bernstein SocGen Group analysts, with a price target of $310. They highlight the company’s growth potential due to regulatory support and market expansion.

As the largest U.S. crypto exchange, Coinbase controls 66% of the domestic market, managing over $400 billion in assets and 10 million active users. They see regulatory clarity under a pro-crypto Trump administration as a key driver for growth.

Bernstein believes concerns about competition overlook the Total Addressable Market (TAM) expansion as global crypto markets move back to the U.S. They predict Coinbase’s earnings per share to grow at a CAGR of 38%, with estimates well above consensus for 2025 and 2026.

Anticipating strong regulatory developments, Bernstein expects a Bitcoin strategic reserve, bank adoption of digital assets, a stablecoin bill, and new legislation clarifying the digital asset market structure.

Despite potential market share decline and pricing adjustments, Bernstein forecasts a 34% CAGR in trading revenue from 2024-2026, significantly above current consensus estimates for 2026.



Read more at Financial Modeling Prep:: Bernstein Initiates Coverage on Coinbase With Outp…