Goldman Sachs Lowers Coinbase (COIN) PT to $314 as Crypto Stocks See Recent Decline

Coinbase Global Inc. (NASDAQ:COIN) is one of the most profitable large cap stocks to buy right now. On November 21, Goldman Sachs lowered the firm’s price target on Coinbase to $314 from $368 with a Neutral rating on the shares. According to the firm, shares of brokers and crypto-related stocks have collectively fallen by ~15% since mid-October. This decline occurred despite the companies having higher forward earnings estimates.

Goldman Sachs believes that this near-term pressure will continue until market stability is restored. However, the firm maintains a positive long-term outlook for the sector due to robust product innovation, large addressable markets, increasing regulatory momentum, and sustained inorganic growth.

Goldman Sachs Lowers Coinbase (COIN) PT to $314 as Crypto Stocks See Recent Decline

Earlier in its Q3 2025 earnings release, the company reported surpassing analyst expectations with a net income of $432.6 million, or $1.50 per share, which was higher than the $75.5 million, or 28 cents per share, reported in the same quarter a year ago. Total Revenue for the quarter rose to $1.87 billion, exceeding the prior year’s $1.21 billion and analyst expectations of $1.8 billion. This strength was largely driven by a resurgence in crypto trading.

Coinbase Global Inc. (NASDAQ:COIN) operates a platform for crypto assets in the US and internationally.

While we acknowledge the potential of COIN to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than COIN and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.