COIN, US19260Q1076

BofA raises target for Coinbase stock from USD 174 to USD 203

Published on 10/06/2026 at 09:04 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Coinbase lost USD 359.5 million on USD 1.22 billion revenue in Q2 2026. Coinbase stock costs EUR 167.01 on October 6, 2026 versus EUR 167.42.

COIN, US19260Q1076, Illustration mit AI erstellt.

Coinbase (ISIN US19260Q1076) was trading at EUR 167.01 at Lang & Schwarz on October 6, 2026 at 9:01 a.m. CEST, down 0.24 percent versus the prior close of EUR 167.42. BofA Securities raised its Coinbase price target from USD 174 to USD 203 on October 5, 2026, while maintaining a Buy rating, according to Investing.com.

BofA lifts target on stablecoins

BofA based the higher target on stronger forecasts for Coinbase stablecoin revenue and raised its 2027 adjusted earnings per share estimate to USD 3.46 from USD 3.07. Its 2028 estimate increased to USD 6.76 from USD 5.81, while the valuation method stayed at 30 times estimated 2028 earnings per share, Investing.com reported on October 5, 2026.

The upgrade comes with a clear counterweight. BofA cut its third-quarter 2026 adjusted earnings per share estimate to a loss of USD 0.24 from a loss of USD 0.22 and reduced its full-year 2026 estimate to a loss of USD 0.73 from a loss of USD 0.71 because of lower trading volumes.

Second-quarter loss changes the mix

Coinbase reported USD 1.22 billion in revenue for the second quarter of 2026, down from USD 1.50 billion a year earlier, and posted a USD 359.5 million net loss versus net income of USD 1.43 billion in the second quarter of 2025, according to CNBC on September 10, 2026.

The figures show why recurring revenue matters to the valuation case. Subscription and services revenue reached USD 555.1 million in the second quarter, or 48 percent of net revenue, while transaction revenue was USD 599.2 million, according to a second-quarter analysis published by The Traders Spread on September 9, 2026.

October earnings set the next test

The next reporting date is expected on October 29, 2026, according to Zacks on October 2, 2026. That report will test whether stablecoin and subscription revenue can offset weaker trading activity and the second-quarter loss.

For context, Coinbase had a USD 49.7 billion market capitalization on October 5, 2026, while its 52-week range was USD 139.11 to USD 402.16. The euro quote therefore sits above the lower end of the US-dollar range, but the currencies are separate market references and should not be used to calculate a direct percentage distance.

Euro quote and investor perspective

Coinbase stock was trading at EUR 167.01 at Lang & Schwarz on October 6, 2026 at 9:01 a.m. CEST, compared with the EUR 167.42 prior close dated October 5, 2026. The modest daily decline contrasts with the larger valuation debate around stablecoin growth, trading volumes and the upcoming third-quarter report.

The further course of trading is shown by the continuously updated real-time quote of Coinbase stock.