Coinbase Global
NASDAQ: COINKey stats
Price chart
About Coinbase Global
Financial Services
Company profile
- IPO date
- Apr 15, 2021
- Website
- www.coinbase.com
Financials peers
How COIN compares to other large companies in the same sector.
| Company | Price | Today | Market cap | P/E |
|---|---|---|---|---|
 JPM JPMorgan Chase & Co. | $309.89 | -0.14% | $835.73B | 14.65 |
 V Visa Inc. | $304.38 | -1.27% | $580.11B | 27.90 |
 MA Mastercard Inc. | $498.68 | -0.97% | $444.71B | 29.71 |
 BAC Bank of America | $52.56 | -0.28% | $377.06B | 12.31 |
 MS Morgan Stanley | $177.66 | -0.28% | $282.07B | 16.73 |
Wall Street analyst ratings
DollarScout analysis
Editorial, not advice. See our methodology.
Bull case
Coinbase holds a strong position as one of the leading cryptocurrency exchanges in the market. Its competitive moat is built on a combination of brand recognition and a comprehensive product suite that includes trading, custody, and institutional services. With the increasing adoption of cryptocurrencies, Coinbase is well-positioned to capture the growing demand for digital currency trading. The company also benefits from the expanding institutional interest in crypto assets, which could provide substantial transaction and custody revenue growth. Analysts' strong buy consensus indicates confidence in its growth potential, despite the current bearish trend. The P/E ratio suggests it might still be of value compared to other tech-driven growth stocks in different industries, but this is a nuanced judgment.
Bear case
Despite a solid market position, Coinbase faces significant risks from regulatory scrutiny in the crypto sector. Changes in regulation could impact its operations and profitability. The bearish price trend reflects investor concerns about overvaluation at a P/E ratio of 35.17. Additionally, the company's high beta of 3.5569 indicates considerable stock price volatility, which may not appeal to risk-averse investors. It also contends with competition from other exchanges like Binance and Kraken, which could pressure profit margins. Finally, the volatile nature of cryptocurrencies themselves poses a risk, as they can significantly impact trading volumes and hence, Coinbase's revenue.
Who should buy COIN
Coinbase Global is an attractive option for aggressive investors who are bullish on the future of cryptocurrencies and have a high-risk tolerance. It’s best suited for those with a speculative portfolio segment looking to capitalize on the growth of the digital asset economy over the next 5 to 10 years.
Key risks
- Regulatory changes could significantly impact operations. - High stock volatility (beta of 3.5569) may deter conservative investors. - Rising competition from other crypto exchanges could compress margins. - Bearish price trends might indicate broader investor skepticism.
Where to buy COIN
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Recent COIN news
Founder and former CEO of Binance (CRYPTO: BNB) Changpeng Zhao, popularly known as “CZ,” said that “right now the crypto industry is too transparent,” warning that blockchain’s public ledg
A new lawsuit claims Coinbase Global (NasdaqGS:COIN) enabled and profited from illegal underage online gambling. The complaint alleges weaknesses in Coinbase's compliance and anti money laundering controls that allowed minors to move funds to gambling sites. The case focuses on personal harm to vulnerable users and potential gaps in Coinbase's monitoring of platform activity. Coinbase runs a large cryptocurrency trading and custody platform that sits at the intersection of retail investors,...
Gold.com expands its buyback by 0.2M shares, citing balance-sheet flexibility and confidence as it balances investment with shareholder returns.
COIN's Australia unit secures an AFSL, paving the way for crypto and equity perpetuals as it pushes to become an 'everything exchange.'
Coinbase Global (NASDAQ: $COIN) CEO Brian Armstrong is calling for the passage in Congress of the U.S. Clarity Act....
A cash-heavy balance sheet is often a sign of strength, but not always. Some companies avoid debt because they have weak business models, limited expansion opportunities, or inconsistent cash flow.
Coinbase CEO Armstrong backs the Clarity Act after killing it in January, as a new stablecoin yield compromise clears his key objection.
Citizens analyst Devin Ryan maintains Coinbase Global (NASDAQ:COIN) with a Market Outperform and lowers the price target from $400 to $355.
Disclaimer: The information on this page is provided for informational and educational purposes only and should not be considered financial, investment, or trading advice. DollarScout does not recommend buying or selling any specific security. Stock data may be delayed. Past performance is not indicative of future results. Always do your own research and consult a licensed financial advisor before making investment decisions.