Coinbase Stock Faces Long Road to $250 Milestone

Coinbase stock is trading at $188.12, down 38% from last year's levels, despite its record 10% global crypto trading share and 14th consecutive quarter of positive Adjusted EBITDA.

The company's fee revenue has collapsed, with a 25% quarterly drop in spot volume and a 13% decrease in assets on the platform.

An internal model projects a 13.05% upside to $212.67 by March 1, 2027, while Wall Street consensus is only 4% higher at $196.55.

To reach $250, the company needs to recover from its current crypto volatility issues, achieve $500 million in subscription revenue, and scale prediction markets.