Can Coinbase Reach $440? Citizens JMP's Top Analyst Says Yes
Elevate Your Investing Strategy:
Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Ryan is a five-star analyst on TipRanks, ranking #7 out of 9,861 analysts tracked. He boasts a 71% success rate and an impressive average return per rating of 32.90%.
Here Are Ryan's Bullish Views on COIN Stock
Ryan highlighted that the digital asset industry is steadily evolving from a speculative bet to mainstream adoption. With more regulatory frameworks set to moderate the financial services industry, the adoption of digital assets is expected to increase further. For instance, the passage of the GENIUS Act is poised to be highly beneficial for the stablecoin market, where Coinbase, along with its partner Circle Internet (CRCL), is a large player.
Moreover, the analyst believes that in the second half of this year, growth prospects for the sector will strengthen, given the combination of new regulations, advanced infrastructure, and evolving business models. Despite these positive sentiments, the industry is expected to remain underestimated over the next few years, he added. The analyst also increased his earnings per share (EPS) estimates for fiscal 2025 from $5.83 to $6.39, and for fiscal 2026 from $10.25 to $10.45.
Furthermore, Ryan is highly encouraged by the solid recovery in the capital markets, with merger and acquisition (M&A) activity up 20% over the first half of last year and on track to reach $4.3 trillion this year. At the same time, the initial public offering (IPO) market is off to a strong start this year, following a three-year lull, with the number of U.S. IPOs up 80% year-over-year.
Is COIN a Good Stock to Buy?
Analysts remain divided about Coinbase Global's long-term stock trajectory. On TipRanks, COIN has a Moderate Buy consensus rating based on 12 Buys, 11 Holds, and one Sell rating. Also, the average Coinbase Global price target of $306.38 implies 20.8% downside potential from current levels. Year-to-date, COIN stock has surged 55.9%.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
11 minutes ago
- Yahoo
Zacks Investment Ideas feature highlights: Coinbase Global, Galaxy Digital, BlackRock, IBIT, Robinhood, Interactive Brokers and Alphabet
Chicago, IL – July 15, 2025– Today, Zacks Investment Ideas feature highlights Coinbase Global COIN, Galaxy Digital GLXY, BlackRock's BLK, iShares Bitcoin ETF IBIT, Robinhood HOOD, Interactive Brokers IBKR and Alphabet's GOOGL. "The hard-to-believe 'Great Paradox' in the stock market is: What seems too high and risky to the majority usually goes higher eventually, and what seems low and cheap usually goes lower."~William J. O'Neil Bitcoin was once called a "gambling token" and "rat poison squared" by legendary investor Warren Buffett, arguably the best investor of his time. However, by now, it has become impossible for Wall Street to deny the once obscure and first-of-its-kind cryptocurrency. A decade ago, Bitcoin traded at $286. Today, Bitcoin hit another all-time high of $123,000, marking a 430x increase over the past ten years and accruing an eye-popping 83% annualized return, far surpassing the next best asset class. Now, Bitcoin is one of the largest asset classes in the world. Below are five reasons the momentum is likely to continue into 2026, including: 1. Bitcoin: Digital Gold What differentiates Bitcoin from fiat currency and any other cryptocurrency is its scarcity and role as a store of value. Unlike fiat currency, which can be printed by central bankers out of thin air, there will only ever be 21 million Bitcoins in existence. Why is this important? As global central banks around the world print trillions of dollars and borrow money, fiat currencies like the dollar continue to lose value. As a result, investors gravitate towards Bitcoin and metals to fight this phenomenon. With the US passing another massive spending bill recently, there is no end in sight to this troubling trend in fiat. 2. Bitcoin ETFs Provide Wider Access Until recently, investors who wanted to buy Bitcoin had to have a separate crypto account through an exchange like Coinbase Global or Galaxy Digital. However,early last year, theUS Securities and Exchange Commission finally approved Bitcoin ETFs, allowing far more access to a larger group of investors. The launch of Bitcoin ETFs like BlackRock's, iShares Bitcoin ETF underscores the success. IBIT was the most successful ETF launch in history and is already the 20th largest ETF in the United States. In addition to the ETF approvals, traditional stock brokers like Robinhood and Interactive Brokers now offer a suite of crypto trading products. 3. Bitcoin Week Looms This week has been dubbed 'Crypto Week' by the Republicans. DC is slated to vote on the 'GENIUS Act,' which will provide a regulatory framework around stablecoins like Circle Group's USDC token. 'The CLARITY Act' will also aim to establish a comprehensive regulatory framework for digital assets. Crypto companies have had to deal with regulatory ambiguity from regulators for years. With a clear regulatory framework, more institutional investors are likely to flock to the digital asset industry. 4. Lack of Hype Around Bitcoin Though Bitcoin continues to print fresh all-time highs, you wouldn't know it by looking at Bitcoin interest on Alphabet's 'Google Trends.' Interest is at multi-year lows, presenting investors with a contrarian opportunity. 5. Bitcoin Fibs Suggest $150k Price Target Market technicians use Fibonacci levels as a tool to identify potential price targets. The Bitcoin fibs suggest that a price target of $150k by early 2026 is realistic. As market technicians now eye a $150k price target, Bitcoin's ongoing momentum suggests that its remarkable growth story is far from over, reminding investors that true opportunity often lies where the majority hesitates. Research Chief Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren't winners but this one could far surpass earlier Zacks' Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months. Free: See Our Top Stock And 4 Runners Up Media Contact Zacks Investment Research 800-767-3771 ext. 9339 support@ Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit information about the performance numbers displayed in this press release. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report BlackRock (BLK) : Free Stock Analysis Report Interactive Brokers Group, Inc. (IBKR) : Free Stock Analysis Report Alphabet Inc. (GOOGL) : Free Stock Analysis Report Coinbase Global, Inc. (COIN) : Free Stock Analysis Report Robinhood Markets, Inc. (HOOD) : Free Stock Analysis Report Galaxy Digital Inc. (GLXY) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
CNBC
14 minutes ago
- CNBC
Bitcoin entering a less volatile, more sustainable stage, argues Deutsche Bank
Bitcoin could be in for an era with less choppiness, according to Deutsche Bank. Bitcoin hit a new all-time high above $123,000 on Monday as U.S. lawmakers gathered for "Crypto Week," an event supporters hope will lead to supportive legislation that can bolster interest from big investors. The $123,000 level reflects an approximately 75% jump from levels seen in mid November, per Deutsche Bank analyst Marion Laboure. As the cryptocurrency has rallied, Laboure pointed out that volatility has also fallen. That can signal that bitcoin may be less tied to broader market stability — or the lack of it — going forward, she said. "While excitement over the upcoming legislations has spurred Bitcoin's sharp appreciation, it is notable that Bitcoin's rise has also been accompanied by a historic decline in volatility levels," Laboure wrote to clients in a Tuesday note. "This combination suggests we are potentially starting to witness a gradual decoupling between Bitcoin's spot prices and volatility," she added. This comes "as increasing market adoption, regulatory clarity and institutional participation continue to [stabilize] Bitcoin's performance over the longer-term." 1Y mountain Bitcoin/USD Metrics, 1-year To be sure, bitcoin retreated by more than 2% in midday trading Tuesday. Despite the pullback to around $117,000, Laboure said the popular digital currency is undergoing a broader advance that's tied to what she described as a convergence of both macro and micro variables. On top of a positive regulatory outlook, she noted increased adoption from institutional investors and longer-term holding patterns. At the same time, she said uncertainty with geopolitics and tariffs, de-dollarization trends and technology advancements also play a role. "Volatility remains inherent," Laboure wrote. But, "these conditions suggest Bitcoin's integration into portfolios is maturing, and potentially signals a more sustainable trend beyond previous instances of short-term market speculation."
Newsweek
14 minutes ago
- Newsweek
Donald Trump Gives Republicans New Demand In Race With China
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. President Donald Trump has ordered Republicans to get behind a new bill headed to the House on Tuesday, which he says will put the United States "lightyears ahead of China, Europe, and all others." The GENIUS Act or Guiding and Establishing National Innovation for U.S. Stablecoins Act, aims to regulate stablecoins, a type of cryptocurrency pegged to stable assets like the U.S. dollar. The bill has already passed by the Senate and is set for a vote in the House before it lands on Trump's desk. "The House will soon VOTE on a tremendous Bill to Make America the UNDISPUTED, NUMBER ONE LEADER in Digital Assets," the president said in a post on Truth Social. This is breaking news, updates to follow.
