Bernstein's Chhugani Remains Bullish on Coinbase Global (COIN) with $510 PT

Coinbase Global, Inc. (NASDAQ:COIN) is one of the best crypto-related stocks to invest in.

On November 17, 2025, Bernstein’s Gautam Chhugani maintained his “Buy” rating on Coinbase Global, Inc. (NASDAQ:COIN) with a $510 price target.

Earlier, on November 10, 2025, The Fly reported that Monness Crespi upgraded Coinbase Global, Inc. (NASDAQ:COIN) from “Neutral” to “Buy” with a $375 price target. The firm raised its 2026 estimates while keeping 2025 estimates unchanged. The firm’s bullish stance stems from strong real-world momentum around stablecoin utility. Monness Crespi expects further developments at the December 17 product event. The firm also cited the growing relevance of tokenized equity discussions ahead of potential SEC commentary.

Meanwhile, on November 12, 2025, Coinbase Global, Inc. (NASDAQ:COIN) announced that it will not continue with its takeover discussions with U.K.-based stablecoin firm BVNK. The $2 billion deal had already reached the due diligence stage. The Coinbase spokesperson said, “We’re continuously seeking opportunities to expand on our mission and product offerings. After discussing a potential acquisition of BVNK, both parties mutually agreed not to move forward.”

Previously, Coinbase Global, Inc. (NASDAQ:COIN) announced its Q3 2025 results on October 30. The company’s revenue hit $1.9 billion, net income reached $433 million, and adjusted EBITDA stood at $801 million. Meanwhile, the company expanded from 300 to 40,000 supported assets through DEX integrations. Derivatives activity, on the other hand, grew significantly, generating $840 million in trading volume following the Deribit acquisition. Additionally, the quarter marked substantial stablecoin adoption, with USDC’s market cap reaching $74 billion.

Coinbase Global, Inc. (NASDAQ:COIN), a digital asset platform, offers spot trading, derivatives, stablecoin services, custody, and institutional solutions.

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