On May 12, 2025, Compass Point made a significant update regarding Coinbase Global (COIN, Financial). The financial services firm upgraded the stock's rating from "Sell" to "Neutral".
The financial services firm Compass Point has upgraded the stock rating for Coinbase Global (COIN, Financial) to Neutral from Sell, a significant move that reflects a changed perspective on the cryptocurrency exchange giant, according to analyst Ed Engel.
This rating change, announced on May 12, 2025, does not mention any adjustments to the price target, and the report does not indicate the percentage change in the price target from the previous target or the direction of the move (higher or lower). The update focuses solely on the modified rating status of Coinbase Global (COIN, Financial), which is traded on the NASDAQ.
This alteration in rating signifies a shift in the assessment by Compass Point, possibly driven by recent developments in the cryptocurrency market or changes in the outlook for Coinbase Global (COIN, Financial) itself.
The average price target among Wall Street analysts covering Coinbase Global Inc (COIN, Financial) is $260.34, according to the latest round of updates from 26 analysts covering the stock. Price targets range from a high of $400.00 to a low of $180.00. The bullish price targets indicate that the average analyst expects the stock to rise to $260.34 in the next twelve months. This represents an upside of 23.39% from the current price of $210.98 at the time of writing.
Among the 31 brokerage firms covering the stock, the consensus recommendation is Outperform, according to data from PHLX. A brokerage firm rating serves as an indication of an analyst's optimistic and pessimistic outlook on a stock. Rating scales vary, but a strong buy rating indicates that the analyst encourages investors to buy the stock or, in the case of a sell rating, avoid it.
According to GuruFocus estimates, the estimated GF Value for Coinbase Global Inc (COIN, Financial) in one year is $209.29, suggesting a downside of 0.8% from the current price of $210.9847. GF Value is GuruFocus’ estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business’ performance.笵
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