Cantor Fitzgerald Raises Coinbase Price Target to $212 Amid Crypto Momentum
Cantor Fitzgerald has raised its price target for Coinbase Global Inc. (COIN) to $212 from $184, while maintaining an Overweight rating on the stock.
The firm updated its model to reflect management commentary and third-quarter 2026 guidance provided by Coinbase. The company's guidance includes subscription and services revenue of approximately $500 million to $580 million, transaction expenses in the mid-teens as a percentage of net revenue, adjusted expenses of approximately $980 million to $1.08 billion, and stock-based compensation of approximately $245 million.
The price target increase is based on 19 times Cantor Fitzgerald's calendar year 2027 adjusted EBITDA estimate of $2.68 billion, plus a discounted cash flow analysis. Currently trading at $181.13 with a market cap of $47.74 billion, Coinbase carries a beta of 3.36, reflecting its highly volatile nature.
Cantor Fitzgerald analyst Ramsey El-Assal issued the updated target. The firm modestly updated its financial model to better align with the company's recent guidance and market conditions.