COIN Coinbase Global, Inc.
Coinbase Global, Inc. (COIN) trend channel, buy level and 3-month target on Trade The Path. Sector: Financial Services. Listed on NASDAQ. Levels below are fitted to this ticker's own swing highs and lows (Theil–Sen, log-price), then projected 3 months. On this symbol, 2 comparable calls have settled; 50% reached the published sell target. Information only, not financial advice.
Broken out above
Price has closed above the channel. The fitted trend may no longer describe this stock.
Read from the last 9 months of history we hold: falling, drifting −37% a year. Price is above both fitted ceilings, so there is no line overhead to break — and no fitted resistance to price the target against either. What would overturn this: a close below US$138.57 — the floor of the channel being read — after which the trend, not the entry, is what was wrong.
- 9 months read from
- US$138.57 – US$161.34 Falling channel, −37% a year
- Position in that channel
- 245% above the ceiling of it — 0% is the floor, 100% the ceiling
What broke this trend
- The fall
- -66% from US$419.9818 July 2025 → 12 Feb 2026
- Whose problem it was
- This company0 of 4 Financial - Data & Stock Exchanges peers fell with it
- Does it resolve?
- Unsettled too close to a coin toss on the record to call
- Regained so far
- 12%of what it lost
- What the record says
- 49% of 423 comparable falls came back, typically in 161 days measured across every stock we hold history for, its peer group being too small
The trend broke in July 2025: price fell 66% from 419.98 to 141.03 by February 2026, and has regained 12% of that fall since. Its peers did not fall with it, so this was about the company rather than its sector. The wire that week: “JMP Securities Maintains Market Outperform on Coinbase Global, Raises Price Target to $440”. What happens next is not settled: falls of about 66% here have come back to the old high 49% of the time (423 comparable falls), typically in 161 days, which is too close to a coin toss to price a recovery from.
Reported at the time: JMP Securities Maintains Market Outperform on Coinbase Global, Raises Price Target to $440 — 14 July 2025
Price history, with the path projected 3 months forward
- Daily close
- Upper trend line (9 months)
- Lower trend line (9 months)
- Dashed after today: projected 3 months
- Our buy
- Our target
Our target
No published call today because price has closed 7.6% clear above the channel, so the fitted lines no longer describe where it is. No alerts are sent. The buy and target below are still this site's read of the fitted channel.
Buy at or below
US$135.02
level as at 19 Sept 2026
Our target
US$138.57
by 18 Dec 2026
Projected move
2.6%
gross, before costs
Price is at or through our target.
On this stock's own history these rules produced 2 settled calls, of which 1 reached target (50%), with an average best move of 14.7%. See the full record.
- Upper line touches
- 3
- Lower line touches
- 3
- Fit confidence
- 63%
- Fitted
- 18 Sept 2026
About Coinbase Global, Inc.
Coinbase Global, Inc. delivers fundamental financial infrastructure and technological solutions to the expanding cryptoeconomy, operating across both the United States and international markets. The company provides a core financial gateway for individual consumers navigating the digital asset space. For institutional clients, it manages a dynamic trading venue that ensures abundant liquidity for cryptocurrency transactions. Moreover, Coinbase supplies developers with crucial technology and services, enabling them to build innovative crypto-based applications and seamlessly integrate secure digital asset payments. Founded in 2012, the firm is headquartered in Wilmington, Delaware.
- Sector
- Financial Services
- Industry
- Financial - Data & Stock Exchanges
- CEO
- Brian Armstrong
- Employees
- 4,951
- Country
- US
Scorecard
Our own pillar scores, computed from the fundamentals below. They are not Morningstar ratings — that data is licensed and we do not redistribute it.
- Valuation
- 90/100
- Profitability
- 0/100
- Financial health
- 38/100
- Cash generation
- 77/100
Key statistics
- Market cap
- US$49.20B
- Enterprise value
- US$46.98B
- Beta
- 3.36
- Avg volume
- 9.01M
- Revenue per share
- 21.01
- Dividend yield
- 0.00%
- 52-week range
- 139.11-402.16
- Exchange
- NASDAQ
Key ratios
- P/E (TTM)
- -50.54
- PEG
- 0.38
- Price / sales
- 8.89
- Price / book
- 3.76
- EV / EBITDA
- -69.20
- Gross margin
- 79.01%
- Operating margin
- -0.43%
- Net margin
- -17.85%
- Current ratio
- 1.54
- Quick ratio
- 1.54
- Debt / equity
- 0.51
- Interest cover
- -0.26
Income statement
| Year | Revenue | Gross profit | Operating income | Net income | EPS |
|---|---|---|---|---|---|
| 2025 | US$7.18B | US$5.36B | US$1.44B | US$1.26B | US$4.45 |
| 2024 | US$6.56B | US$4.91B | US$2.31B | US$2.58B | US$9.48 |
| 2023 | US$3.11B | US$1.97B | -US$161.66M | US$94.87M | US$0.37 |
| 2022 | US$3.19B | US$2.56B | -US$2.71B | -US$2.62B | -US$11.83 |
| 2021 | US$7.84B | US$6.10B | US$3.08B | US$3.62B | US$14.50 |
Balance sheet
| Year | Total assets | Total liabilities | Total equity |
|---|---|---|---|
| 2025 | US$29.67B | US$14.88B | US$14.79B |
| 2024 | US$22.54B | US$12.27B | US$10.28B |
| 2023 | US$14.75B | US$8.47B | US$6.28B |
| 2022 | US$89.72B | US$84.27B | US$5.45B |
| 2021 | US$21.27B | US$14.89B | US$6.38B |
Cash flow
| Year | Operating cash flow | Free cash flow | Net income |
|---|---|---|---|
| 2025 | US$2.43B | US$2.43B | US$1.26B |
| 2024 | US$2.56B | US$2.56B | US$2.58B |
| 2023 | US$922.95M | US$922.95M | US$94.87M |
| 2022 | -US$1.59B | -US$1.59B | -US$2.62B |
| 2021 | US$4.04B | US$3.96B | US$3.62B |
EPS forecasts
| Period | Est. EPS | Est. revenue | Analysts |
|---|---|---|---|
| 2025 | US$7.50 | US$7.20B | 10 |
| 2026 | -US$2.68 | US$5.19B | 16 |
| 2027 | US$2.58 | US$6.60B | 20 |
| 2028 | US$4.89 | US$7.52B | 8 |
| 2029 | US$7.34 | US$8.35B | 5 |
| 2030 | US$1.25 | US$5.17B | 5 |
Analyst view
- Target (mean)
- US$199.95
- Target (high)
- US$330.00
- Target (low)
- US$95.00
- Strong buy
- 0
- Buy
- 21
- Hold
- 13
- Sell
- 4
Trend lines are fitted statistically to past swing highs and lows and projected forward on the assumption the same rhythm continues. It often does not. This is information, not advice.