Rothschild & Co has upgraded Coinbase Global Inc (COIN) to a Buy rating from Neutral, signaling a more optimistic outlook on the company's prospects. This change, effective October 2, 2025, comes as Coinbase continues to navigate the evolving landscape of the financial services industry, particularly in the realm of cryptocurrency.
Currently priced at $234.13, Coinbase has a market capitalization of $64.2 billion and a P/E ratio of 19.95. The company's recent earnings performance reflects its potential, with Q3 2025 EPS reported at $1.50, exceeding estimates by 39.1%. Analysts are anticipating upcoming earnings on July 29, 2026, with an EPS estimate of $1.66 and revenue expected to reach $2.1 billion.
The upgrade underscores improved sentiment regarding Coinbase's business fundamentals and strategic direction. As the firm continues to provide a trusted platform for engaging with crypto assets, it serves various customer groups, including consumers, institutions, and developers. The company's infrastructure supports a wide array of activities within the onchain economy.
As of November 1, 2025, the analyst consensus for Coinbase stands at Buy, with 10 Strong Buy, 18 Buy, 15 Hold, and 1 Strong Sell rating among 44 total analysts. This update provides insight into the shifting perceptions of analysts amid a fluctuating market environment, highlighting the importance of considering multiple factors when evaluating investment opportunities.