Wells Fargo starts Coinbase coverage with a USD 200.00 target for Coinbase Global stock
Published on 10/05/2026 at 11:03 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Coinbase Global (ISIN US19260Q1076) was trading at EUR 166.91 at Lang & Schwarz on October 5, 2026 at 11:00 a.m. CEST, up 2.15 percent versus the EUR 163.40 prior close. According to Yahoo Finance on October 4, 2026, Wells Fargo analyst Daniel Welden began coverage on October 1 with an Equal Weight rating and a USD 200.00 price target.
Wells Fargo tests the recovery case
The target sits above the latest U.S. market reference, but the rating is neutral rather than bullish. Wells Fargo said stronger cryptocurrency activity may not translate fully into revenue, while consumer pricing pressure and mixed USDC trends temper the recovery case.
That caution matters because Coinbase's revenue mix is changing as the company expands beyond spot trading. The company is developing derivatives, stablecoin services, prediction markets and stock trading, creating additional channels while also increasing exposure to execution and regulatory risk.
Second-quarter figures show the pressure
Investing.com reported that Coinbase generated USD 1.22 billion of revenue in the second quarter of 2026, down 18.50 percent from the same period a year earlier. The company posted a loss of USD 1.36 in diluted earnings per share, compared with a consensus loss of USD 0.01 cited on the same results page.
The comparison is important for the stock. Revenue missed the USD 1.35 billion estimate by USD 130.00 million, while the earnings-per-share shortfall was USD 1.35 against consensus. The weaker quarter gives the new USD 200.00 target a more demanding test: future upside depends on higher activity converting into monetized services.
Results date gives the next marker
Investing.com lists October 28, 2026 as Coinbase's next earnings date. The scheduled report will give investors a fresh comparison for revenue, transaction activity and the progress of subscription and services income.
COIN trades above its prior close
Coinbase had a market capitalization of USD 48.3 billion and a 52-week range of USD 139.11 to USD 402.16 as of October 2, 2026. Its latest euro quote is 58.29 percent below the 52-week high, calculated from the same-currency reference price and range.
At Lang & Schwarz, Coinbase Global was trading at EUR 166.91 on October 5, 2026 at 11:00 a.m. CEST, plus 2.15 percent versus the EUR 163.40 prior close. The further course of trading is shown by the continuously updated real-time quote of Coinbase Global stock.
Coinbase Global stock at a glance
- Company: Coinbase Global, Inc.
- ISIN: US19260Q1076
- Ticker: COIN
- Primary exchange: Nasdaq
- Price Lang & Schwarz (as of October 5, 2026, 11:00 a.m. CEST): EUR 166.91
- Change versus prior close: plus 2.15 percent
- Prior close Lang & Schwarz (October 2, 2026): EUR 163.40
- Market capitalization: USD 48.3 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
- Next earnings date: October 28, 2026
