From Nasdaq
April 23, 2025 8:03 pm:

Benchmark initiated coverage of Coinbase Global (NasdaqGS:COIN) with a Buy recommendation on April 23, 2025. Analysts predict a 70.15% upside potential, with an average one-year price target of $330.76/share. Revenue projection for Coinbase Global is $4,381MM, with a projected annual non-GAAP EPS of -4.11.

1,567 funds or institutions hold positions in Coinbase Global, reflecting a 12.57% increase in ownership in the last quarter. Total shares owned by institutions increased by 11.02% to 134,130K shares. The put/call ratio of COIN is 0.55, indicating a bullish outlook in the market.

Key shareholders include Jane Street Group, holding 6,566K shares (3.12% ownership), and Vanguard Total Stock Market Index Fund Investor Shares with 6,101K shares (2.90% ownership). Paradigm Operations, VIMSX – Vanguard Mid-Cap Index Fund Investor Shares, and Geode Capital Management are also significant shareholders of Coinbase Global.

Coinbase Global aims to create a more fair and accessible financial system enabled by crypto. The company, founded in 2012, provides a trusted platform for accessing the cryptoeconomy. Fintel, a comprehensive investing research platform, offers data on fundamentals, ownership, and more to individual investors, financial advisors, and hedge funds.

Read more at Nasdaq: Benchmark Initiates Coverage of Coinbase Global (COIN) with Buy Recommendation