From Nasdaq

May 12, 2025 8:02:00 pm:

On May 12, 2025, Compass Point upgraded Coinbase Global’s outlook from Sell to Neutral. Analysts forecast a 31.98% upside potential, with a one-year price target ranging from $170.69 to $420.00 per share, averaging $273.24. Revenue projection is 4,381MM, a 34.28% decrease, with a projected annual non-GAAP EPS of -4.11.

There are 1,545 funds reporting positions in Coinbase Global, indicating a 4.96% increase in the last quarter. The average portfolio weight for COIN is 0.48%, up by 11.22%. Institutional ownership rose by 3.69% to 131,098K shares, with a put/call ratio of 0.57, suggesting a bullish sentiment.

Jane Street Group owns 6,566K shares (3.11% ownership), up by 52.85% from the prior filing. Vanguard Total Stock Market Index Fund Investor Shares holds 6,101K shares (2.89% ownership), increasing its allocation by 37.00% in the last quarter. Other major shareholders include Paradigm Operations, VIMSX-Vanguard Mid-Cap Index Fund Investor Shares, and Geode Capital Management.

Coinbase Global aims to create a more fair, accessible, and transparent financial system through crypto. Founded in 2012, the company enables secure Bitcoin transactions globally. Fintel provides extensive investing research for individual investors, traders, and financial advisors, offering data on fundamentals, ownership, fund sentiment, options trading, and more.

Read more at Nasdaq: Compass Point Upgrades Coinbase Global (COIN)