Coinbase stock hits 52-week high after Bernstein analysts compare it to "Amazon of crypto services."
From Nasdaq
June 26, 2025 06:55 AM:
Coinbase (COIN) stock hit a 52-week high on June 25 after Bernstein analysts compared it to the “Amazon of crypto services.” The stock rose over 3%, nearing its all-time high. Bernstein upgraded their price target on Coinbase to $510, highlighting its diverse offerings and dominant role in the crypto market.
Coinbase is the only crypto company in the S&P 500, leading in U.S. crypto trading and stablecoin exchange business. It also serves as custodian for assets in most U.S. spot bitcoin ETFs. Analysts praised Coinbase’s expansion beyond trading, offering services like institutional custody and Prime lending desk.
The Zacks Consensus earnings estimate for Coinbase has increased, with a forecast of $0.91 per share for the current quarter and $2.96 per share for the full year. Senate’s passage of the GENIUS Act has driven Coinbase’s rally, supporting stablecoin growth. Other crypto firms have also seen gains, signaling growing institutional acceptance of digital assets.
Despite the rally, Coinbase shares are considered overvalued with a low Value Score and high PE ratio compared to the industry average. Investors seeking exposure to Coinbase’s momentum may consider COIN-heavy ETFs like CRPT, FDIG, IBLC, BKCH, and BITQ. These ETFs offer at least 10% exposure to Coinbase.
Investors looking to capitalize on Coinbase’s growth may consider COIN-heavy ETFs like CRPT, FDIG, IBLC, BKCH, and BITQ. These ETFs provide exposure to Coinbase’s momentum. Zacks Investment Research offers insights on top-performing ETFs and market analysis in their free Fund Newsletter.
Read more at Nasdaq: Is It Time to Ride the Upbeat Momentum in Coinbase? ETFs in Focus