Cantor Fitzgerald starts covering Coinbase Global with Overweight recommendation, predicting significant upside.

From Nasdaq

April 8, 2025 8:02 PM:

Cantor Fitzgerald initiated coverage of Coinbase Global (NasdaqGS:COIN) on April 8, 2025, with an Overweight recommendation. The average one-year price target for COIN is $330.76/share, representing a 118.25% upside from its current price of $151.55/share. Analysts forecast annual revenue of 4,381MM and a projected non-GAAP EPS of -4.11.

Institutional ownership of Coinbase Global has increased, with 1,577 funds reporting positions, up 14.44% in the last quarter. Total shares owned by institutions rose by 10.99% to 134,153K shares. The put/call ratio of COIN is 0.53, indicating a bullish outlook. Notable shareholders include Jane Street Group, Vanguard Total Stock Market Index Fund, and Paradigm Operations.

Coinbase Global aims to build a fair, accessible, efficient, and transparent financial system enabled by crypto. Founded in 2012, the company offers a platform for secure transactions in the cryptoeconomy. Fintel provides comprehensive investment research and data on companies like Coinbase, helping investors make informed decisions.

Read more at Nasdaq: Cantor Fitzgerald Initiates Coverage of Coinbase Global (COIN) with Overweight Recommendation