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.
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. operates a platform for crypto assets in the US and internationally.
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This article is originally published at Insider Monkey.
