Coinbase stock gets BofA target hike to USD 203
Published on 10/05/2026 at 23:44 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Coinbase (ISIN US19260Q1076) closed at USD 183.00 on Nasdaq on October 2, 2026, down 3.32 percent from the prior session. The immediate catalyst is an analyst upgrade to the valuation framework: Investing.com reported on October 5, 2026, that BofA Securities raised its price target to USD 203 from USD 174 and kept a Buy rating.
BofA lifts target to USD 203
The change points to stablecoin income as a growing part of the Coinbase earnings case. BofA raised its 2027 adjusted EPS estimate to USD 3.46 from USD 3.07 and its 2028 estimate to USD 6.76 from USD 5.81, according to Investing.com.
The same report also shows the tension in the outlook. BofA cut its third-quarter 2026 EPS 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 USD 0.71, citing lower trading volumes.
Losses pressure the near-term case
Coinbase's second-quarter 2026 revenue was USD 1.22 billion, below the USD 1.29 billion consensus estimate, while diluted EPS was a loss of USD 1.36 against an expected loss of USD 0.44. MarketBeat reported that quarterly revenue fell 18.5 percent year over year and that the loss missed consensus by USD 0.92 per share.
The revenue mix is becoming central to the valuation debate. Coinbase reported USD 555.1 million in subscription and services revenue for the quarter, while transaction revenue was USD 599.2 million, according to Finance Magnates.
Consensus remains at Hold
MarketBeat's October 3, 2026 coverage shows a Hold consensus from 36 analysts, including 20 Buy ratings, 13 Holds and 3 Sells, with an average price target of USD 222.97. The average target lies 21.84 percent above the October 2 price of USD 183.00, a gap that reflects both the stablecoin opportunity and the sensitivity of Coinbase earnings to trading activity.
Coinbase stock stays below its yearly high
Coinbase stock closed at USD 183.00 on Nasdaq on October 2, 2026, with a 52-week range of USD 139.11 to USD 402.16 and volume of 12,867,480 shares. Its market capitalization was USD 48.28 billion on October 2, 2026.
Coinbase stock key facts
- Company: Coinbase Global, Inc.
- ISIN: US19260Q1076
- Ticker: COIN
- Trading venue: Nasdaq
- Price (as of October 2, 2026): Closing price USD 183.00
- Market capitalization: USD 48.28 billion (as of October 2, 2026)
- 52-week range: USD 139.11-402.16 (as of October 2, 2026)
- Sector / Industry: Financial Services / Financial - Data and Stock Exchanges
