RESEARCH REPORT
Coinbase Global, Inc.
COIN
$143.54
As of 2026-11-01
Research note — 2026-11-01. Educational analysis, not financial advice.
The one-line version
Coinbase Global, Inc. trades near $143.54 on a trailing multiple of about 49.7x, against contested Street targets and the usual concentration and execution risks. That's the tension. Everything below is the detail.
That's the tension. Everything below is the detail.
1. What you're paying
| Now | Its own unavailable median | Gap | |
|---|---|---|---|
| P/E (trailing) | ~49.7 | ~n/a | n/a |
| P/E (forward) | ~49.7 | — | — |
| EPS (TTM) | -2.77 | — | — |
| Gross margin | 85.3% | — | — |
What that means in plain terms: the gap versus the company's own history is the growth or durability the market is already pricing. It is not automatically wrong — it is the bet.
Fair-value anchors on file:
- Street mean target: $206.03 — Average published analyst target.
- Street target midpoint: $195.00 — Midpoint of $110.00–$280.00 published range.
Street targets run from $110.00 to $280.00. A wide spread means the name is contested, not consensus.
2. What the bulls are counting on
- The SEC Chair Says Most Crypto Assets Are Not Securities. What Does That Mean for XRP After Its 5-Year Fight?
- Why Coinbase (COIN) shares are falling today
- Circle Sinks 12% in a Week After Binance Hack: “We Have Frozen More Than 800M USDC”
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Bull case, bear case, assumptions, and what to watch next.
3. What the bears see
- Strategy Sinks 11% in a Week on Binance Hack, CFO Exit: “Returning STRC to Health”
- Coinbase Slips 11% as a $6.3 Billion Binance Heist Rattles Crypto Stocks
- Crypto exchanges rush to tighten security after $6.3bn Binance heist
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Bull case, bear case, assumptions, and what to watch next.
4. What would have to be true
For the stock to justify ~49.7x rather than its unavailable ~n/ax, roughly all of the following need to neutral:
- Growth or margin durability shows up in the next several reports, not just in narrative.
- Key revenue concentrations survive competitive and regulatory pressure.
- Execution on the current product or services cycle stays on schedule.
- The Street target range compresses as results clarify the contested assumptions.
Ask yourself honestly: how many of those would you bet on individually? Multiply your answers together.
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Bull case, bear case, assumptions, and what to watch next.
5. What to watch next
- Next earnings date: 1793304000
- Trailing and forward multiples versus the company's own history
- Segment growth rates in the next 10-Q / earnings release
- Material Form 4 and 13F changes
- Whether the Street high-to-low target spread narrows or widens
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Bull case, bear case, assumptions, and what to watch next.
6. What this note does not do
It doesn't tell you to buy or sell. It won't, ever.
You have the valuation in context, the strongest version of both cases, and the specific assumptions the current price depends on. What you do with that depends on your time horizon, your existing exposure, your risk tolerance, and what else you could do with the money — none of which we know.
If you want someone to tell you what to do, you want a licensed financial adviser, and that is a genuinely reasonable thing to want.
Educational and informational purposes only. Not investment advice and not a recommendation to buy or sell any security. GetStockReport is not a registered investment adviser. Figures are as of 2026-11-01 and go stale quickly — verify against primary sources before acting. All investments carry risk including loss of principal. Past performance does not guarantee future results.
8. Analyst ratings & targets
No recent activity
Analyst opinions change frequently. Past upgrades do not predict future returns.
9. Important news
Nov 4, 2026|Bitcoin Tops $81,000 After Midterm Dip, Squeezing Short Sellers(Yahoo)
Bitcoin slid to about $75,600 while the midterm results came in, then climbed past $81,000 on Wednesday, forcing out hundreds of millions of dollars in bets against crypto.
Nov 4, 2026|Bitcoin Rises, Crypto Miners Sharply Divided As Midterms Dampen AI Outlook(Yahoo)
Bitcoin price rises. Miners diverge sharply after midterm elections on AI, data center slowdown fears. Riot Platforms spikes on $28bil deal.
Nov 4, 2026|Second Circuit Won’t Pause New York, Connecticut Actions Against Kalshi and Coinbase(Yahoo)
A Second Circuit panel turned down the prediction-market companies' requests for interim relief in a two-page order on Tuesday that leaves their federal preemption argument unresolved.
Nov 4, 2026|Riot Platforms Tops Revenue Estimates, Signs $28 Billion AI Lease for Corsicana Campus(Yahoo)
Bitcoin miner and AI data center developer Riot Platforms (NASDAQ: $RIOT) reported third-quarter revenue of $181.4 ...
Nov 4, 2026|Coinbase Stock Could Be Getting Ready for Its Next Big Move(Yahoo)
Coinbase just tanked after earnings, but the selloff may be punishing the stock for the wrong reasons. The real question is whether a quiet revenue shift happening inside the company changes everything about where COIN goes from here.
News headlines are reported as-is. Verify important claims with original sources.
10. Insider Form 4 activity
No recent activity
Form 4 filings are routine transactions. Scheduled sales (10b5-1 plans) are normal and not signals.
11. Institutional 13F holdings
| Fund | Shares | Position | Change |
|---|---|---|---|
| BlackRock | 43,316 | $9.6B | — |
| Vanguard Group | 24,184,853 | $5.5B | — |
| State Street | 9,562,203 | $1.4B | — |
These are 45-day lagged filings (SEC requirement). Position changes happened in the past.
12. Earnings this week
No recent activity
Earnings dates are estimates and may shift. EPS estimates are consensus, not predictions.