Rosenblatt starts covering Coinbase Global with Buy rating, projecting a 60.27% increase in stock price.

From Nasdaq

March 7, 2025 07:05 AM:

On March 7, 2025, Rosenblatt initiated coverage of Coinbase Global (NasdaqGS:COIN) with a Buy recommendation. The average one-year price target for Coinbase Global is $343.25/share, representing a 60.27% increase from its latest closing price of $214.17/share.

Analyst forecasts project Coinbase Global’s annual revenue to be 4,381MM, a 30.39% decrease, and the annual non-GAAP EPS is estimated at -4.11. 1,559 funds hold positions in Coinbase Global, with an average portfolio weight of 0.46% and a total of 134,276K shares owned by institutions.

Jane Street Group increased its ownership in Coinbase Global by 52.85%, with 6,566K shares representing 3.12% ownership. VTSMX – Vanguard Total Stock Market Index Fund Investor Shares decreased ownership by 0.25% to 6,101K shares, representing 2.90% ownership of the company.

Paradigm Operations owns 4,128K shares (1.96% ownership), while VIMSX – Vanguard Mid-Cap Index Fund Investor Shares increased its ownership by 2.65% to 3,783K shares (1.80% ownership). Geode Capital Management increased its ownership by 3.58% to 3,553K shares (1.69% ownership).

Coinbase is focused on building the cryptoeconomy, aiming to create a fair, accessible, and transparent financial system enabled by crypto. The company provides a platform for easy and secure Bitcoin transactions since its inception in 2012.

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