10 Market Beasts Leaving Wall Street in the Dust

4. Coinbase Global Inc. (NASDAQ:COIN)

Coinbase Global snapped a three-day losing streak on Friday, jumping 16.46 percent to finish at $164.32 apiece as investors took heart from seven investment firms’ “buy” recommendations for the stock despite lower price targets.

In separate market reports, Coinbase Global Inc. (NASDAQ:COIN) received “buy” recommendations from Benchmark, Rosenblatt, Needham, BTIG, Goldman Sachs, Canaccord, and HC Wainwright, despite them reducing their price targets to a range of $230 to $350. Still, the price target range marked an upside potential of 40 to 113 percent from its latest closing price.

Meanwhile, Coinbase Global Inc. (NASDAQ:COIN) received an “overweight” rating from JPMorgan, albeit the latter also cut its price target to $252 from $290.

Piper Sandler and Baird were both “neutral” about the stock, with both lowering their price targets to $150 and $165, from $270 and $240, respectively.

Barclays, for its part, issued an “equal weight” rating, while Jefferies suggested to “hold” shares of the company. Both firms slashed their price targets to $148 and $151, respectively.

Monness Crespi was the most pessimistic among the investment firms, turning to “sell” from “buy” prior, with a lower price target of $120 versus $375.

In other news, Coinbase Global Inc. (NASDAQ:COIN) dropped its net income attributable to shareholders by 50 percent last year to $1.277 billion from $2.59 billion in 2024. Total revenues, however, were up by 9.4 percent to $7.18 billion from $6.56 billion.

In the fourth quarter alone, the company swung to an attributable net loss of $666.7 million from an attributable net income of $1.29 billion, while revenues decreased by 21 percent to $1.78 billion from $2.27 billion.