New York-based Coinbase Global, Inc. (COIN) operates a platform for crypto assets in the United States and internationally. With a market cap of 75 billion, the company offers the primary financial account in the crypto economy for consumers and a brokerage platform with a pool of liquidity across the crypto marketplace for institutions.
Companies worth $10 billion or more are typically referred to as "large-cap stocks." PTC fits right into that category, with its market cap exceeding this threshold, reflecting its substantial size and influence in the financial data & stock exchanges industry. Coinbase is the largest U.S. cryptocurrency exchange, trading some 50 different digital assets.
Despite its strengths, the stock has plunged 15.6% from its 52-week high of $349.75 touched on Dec. 6, 2024. Over the past three months, COIN stock has grown 63%, outperforming the iShares Blockchain and Tech ETF’s (IBLC) 28.8% rise during the same time frame.
COIN stock has grown 18.9% on a YTD basis, outperforming IBLC’s marginal rise in 2025. Moreover, COIN has surged 25.2% over the past 52 weeks, outperforming IBLC’s 2.6% surge.
To confirm its uptrend, COIN has been trading above its 200-day moving average since mid-May and above its 50-day moving average since late-April.
On May 8, COIN shares grew 5.1% following the release of its Q1 earnings. The company’s total revenue of $2 billion grew 24.2% year-over-year due to higher transaction revenues and subscription and services revenues, but missed the consensus estimates. Moreover, its adjusted earnings declined 23.3% year-over-year to $1.94 but surpassed the consensus estimates by 4.9%.
Its peer, Riot Platforms, Inc. (RIOT), declined 2.6% in 2025 and 6.8% over the past year, underperforming the stock.
Among the 28 analysts covering the COIN stock, the consensus rating is a “Moderate Buy.” The mean price target of $268.61 currently sits below COIN’s current price levels.
On the date of publication, Kritika Sarmah did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
