Deutsche Bank has initiated coverage on Coinbase Global Inc (COIN) with a Buy rating. This marks the firm's first assessment of the cryptocurrency exchange's investment potential.
Coinbase, headquartered in New York City, provides a platform for users to engage with crypto assets. The company serves three primary customer groups: consumers, institutions, and developers. As of December 11, 2025, Coinbase has a market capitalization of $74.2 billion and a P/E ratio of 23.05, with an EPS of 11.51.
The announcement underscores the growing interest in Coinbase as it continues to navigate the evolving financial services landscape. Upcoming earnings reports are expected on July 29, 2026, and May 6, 2026, with estimated EPS of $1.62 and $1.43, respectively.
Analyst ratings can provide valuable insights, but they are based on assumptions that may not always hold true. Investors should consider a range of factors, including company fundamentals and market conditions, when making decisions. Analyst opinions may vary and can change as new information becomes available.