BofA Raises Coinbase Price Target to USD 203 on Stablecoin Growth
Coinbase (ISIN US19260Q1076) closed at USD 183.00 on Nasdaq on October 2, 2026, marking a 3.32 percent decline from the prior session. The movement came after BofA Securities raised its price target for the stock to USD 203 from USD 174, while maintaining a Buy rating. The upgrade highlights the growing importance of stablecoin income in Coinbase’s earnings outlook.
BofA adjusted its earnings per share (EPS) estimates, increasing its 2027 adjusted EPS forecast to USD 3.46 from USD 3.07 and its 2028 estimate to USD 6.76 from USD 5.81. However, the bank also revised its third-quarter 2026 EPS estimate to a loss of USD 0.24 from USD 0.22 and reduced its full-year 2026 estimate to a loss of USD 0.73 from USD 0.71, citing lower trading volumes.
Coinbase’s second-quarter 2026 revenue was USD 1.22 billion, falling short of the USD 1.29 billion consensus estimate. Diluted EPS for the quarter was a loss of USD 1.36, missing expectations of a loss of USD 0.44. Revenue for the quarter decreased by 18.5 percent year over year. The company reported USD 555.1 million in subscription and services revenue, while transaction revenue totaled USD 599.2 million.
As of October 3, 2026, MarketBeat reported a Hold consensus from 36 analysts, with 20 Buy ratings, 13 Holds, and 3 Sells. The average price target among analysts stands at USD 222.97, which is 21.84 percent above the October 2 closing price. Coinbase’s stock has a 52-week range of USD 139.11 to USD 402.16 and a market capitalization of USD 48.28 billion as of October 2, 2026.