BTIG has initiated coverage on Coinbase Global Inc (COIN) with a Buy rating, marking the firm's first assessment of the company. This decision reflects BTIG's analysis of Coinbase's business, industry dynamics, and growth prospects.
Coinbase, headquartered in New York City, operates in the financial services sector and provides a platform for users to engage with crypto assets. The company serves three primary customer groups: consumers, institutions, and developers. With a market capitalization of $64.2 billion, Coinbase reports a P/E ratio of 19.95 and an EPS of 11.51.
Upcoming earnings are set for July 29, 2026, with an estimated EPS of $1.66 and revenue of $2.1 billion. Analyst consensus as of November 1, 2025, shows 10 Strong Buy, 18 Buy, 15 Hold, and 1 Strong Sell ratings, indicating a general positive outlook.
Analyst ratings and price targets provide insights based on research and financial models. While they can be valuable, they are based on assumptions that may not always hold true. Investors should consider a range of factors, including company fundamentals and individual financial goals, rather than relying solely on analyst opinions.
It's important to note that analyst ratings can evolve as new information emerges, and different analysts may offer varying perspectives on the same company.