Coinbase Stock Rises Amid Higher Analyst Targets
Coinbase Global stock rose 3.5 percent on September 21, 2026, closing at $201.05 on Nasdaq.
The move came after several analysts raised their price targets for the company's shares. Goldman Sachs upgraded its target to $219 while maintaining a Buy rating, and Needham increased its target to $200 with a Buy rating as well.
Morgan Stanley initiated coverage of Coinbase with an Equal Weight rating and set a target of $250. Compass Point also moved from Sell to Neutral and lifted its target to $177.
Despite these optimistic predictions, Coinbase's quarterly revenue fell 18.5 percent year-over-year to $1.22 billion, missing estimates by $70 million. The company reported an adjusted loss per share of $1.36, exceeding the consensus estimate for a $0.44 loss by $0.92.