A 2-of-4 financial scorecard pairs cash-backed profits and a 38% free-cash-flow margin with revenue down 31% and a stock 66% below its high. Yet 22 analysts see roughly 90% upside to a $287.45 average target — 56% Buy, 38% Hold. Current price: $151.65.
Changes over time: Not surfaced by restnvest for Coinbase — all four counts are zero, a data gap rather than a finding.
Coinbase is the leading U.S.-regulated crypto exchange, positioned as the compliant on-ramp for retail and institutional investors as digital assets, stablecoins and tokenization expand. The opportunity is broadening from trading into subscriptions, staking, custody and on-chain infrastructure — but adoption, and therefore revenue, still tracks the crypto cycle closely.
Coinbase converts revenue to cash well — a 38.3% levered free-cash-flow margin and a strong balance sheet earn restnvest a 2-of-4 financial scorecard with cash-backed profits and comfortable coverage rated strong. The catch is volatility and returns: trailing revenue fell about 31% year over year as crypto activity cooled, the trailing operating margin is negative, and return on equity of 6.7% leaves owner-value quality rated mixed. This is a cash-rich franchise whose earnings swing hard with the market it serves.
Y = price target. X = days remaining on call (negative = past expected hit window). Bubble size = Anachart Performance Score. Dashed vertical = the expected-hit boundary.
Chart shows 5 of 22 covering analysts. See all on Anachart →
Coinbase sets a cash-generative, beaten-down franchise against a Street still pricing in a near-doubling. The supportive side is real: restnvest scores fundamentals 2 of 4 strong, with cash-backed profits and comfortable coverage, a 38.3% levered free-cash-flow margin, and over $10B of cash on the balance sheet. The cautious side is just as real: trailing revenue fell about 31% year over year as trading volumes cooled, the trailing operating margin is negative, return on equity is a modest 6.7%, and the stock is 66% below its high and still drifting lower, leaving restnvest's valuation lens 0 of 4 sensible. The analyst lens is where the tension peaks — across 22 firms, 55.56% Buy, 38.27% Hold and 6.17% Sell, a 73.75% hit ratio, and the latest action a Needham Buy at $220. The $287.45 average target implies roughly 90% upside, the widest in this group, though the range is enormous ($107 to $405). A long-term investor weighs a regulated, cash-rich exchange at the bottom of a cycle against a business whose revenue and a beta of 3.3 make it one of the most volatile names here. Three data notes: revenue growth is the latest quarterly figure (-30.8% year over year), as a clean annual figure was not available on the source page; Anachart's headline showed a stray dollar upside figure inconsistent with its own average target, so the ~90% upside to the $287.45 average is used; and analyst performance scores use a hit-ratio-based 0-10 proxy applied consistently across this group.
Dive deeper into the fundamentals
See Coinbase Global's full 6-stage analysis on restnvest →See the full analyst picture
See all 22 analyst price targets on Anachart →