Coinbase Valuation Boosted by Higher Cryptocurrency Prices
Coinbase Global has seen its fair value estimate increase to $168 from $150 by Morningstar due to higher cryptocurrency prices.
The firm's prospects have improved in recent months as cryptocurrency markets partially recovered, and Coinbase is now expected to be profitable in the second half of 2026 with diluted earnings per share of $2.18 over the next six months.
However, the company's results are still highly correlated to cryptocurrency prices, which are inherently volatile.