BofA Sees Long-Term Upside in Coinbase Global (COIN) Despite Near-Term Crypto Volatility [Yahoo! Finance]
Coinbase Global, Inc. - 3Class A (COIN)
US:NASDAQ Investor Relations:
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Source: Yahoo! Finance
According to a January 8 report from The Fly, BofA upgraded the stock's rating to Buy from Neutral and maintained its price target of $340. Pixabay/Public Domain While BofA acknowledged the 40% decline in the stock since its July all-time high, it believes the pullback was driven by a crypto-led correction and is unrelated to underlying fundamentals or company-specific issues. Rather, the report highlighted the expansion of the total addressable market and a faster pace of feature rollouts (product velocity), indicating that the company continued to strengthen its strategic positioning amid volatility. The firm also highlighted Coinbase's recent expansion into stock and ETF trading and its entry into prediction markets. With this, the company should be able to broaden the platform beyond pure crypto trading. BofA viewed this as supportive of management's push toward becoming an “everything exchange” and an opportunity to cross-sell additional products to its existing user base.
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COIN
News
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- US crypto regulation stalls as lawmakers warn of falling behind global competitors for years [FOX Business Network]FOX Business Network
- Bermuda Plots 'Fully On-Chain National Economy' With Help From Coinbase and Circle [Yahoo! Finance]Yahoo! Finance
COIN
Earnings
- 10/30/25 - Beat
COIN
Sec Filings
- 1/16/26 - Form 4
- 1/16/26 - Form 4
- 1/16/26 - Form 4
- COIN's page on the SEC website