JP Morgan has upgraded Coinbase Global Inc (COIN) to Overweight from Neutral as of October 23, 2025. This change reflects a more optimistic view on the company's future prospects, potentially indicating improved fundamentals and stronger business performance.
Coinbase, headquartered in New York City, is a leading player in the financial services sector, providing a trusted platform for users to engage with crypto assets. The firm serves three primary customer groups: Consumers, Institutions, and Developers, offering a range of products that include prime trading and Coinbase Wallet. As of November 8, 2025, Coinbase has a market capitalization of $83.4 billion, a P/E ratio of 25.90, and an EPS of 11.51.
The recent upgrade comes amid a broader analyst consensus that leans towards a Buy rating, with 10 Strong Buy, 18 Buy, 15 Hold, and 1 Strong Sell among 44 total ratings. Upcoming earnings are scheduled for July 28, 2026, with an estimated EPS of $1.66 and revenue of $2.0 billion.
Such decisions reflect the evolving landscape in the cryptocurrency market and the continued interest in Coinbase's strategic direction. Analyst ratings serve as one of many inputs for investors, who should consider a range of factors when making investment decisions.