Here's What Wall Street Thinks About Coinbase Global (COIN)

Coinbase Global, Inc. (NASDAQ:COIN) is one of the Stocks That Will Go To The Moon in 2026. On December 19, Mizuho Securities reiterated a Neutral rating on Coinbase Global, Inc. (NASDAQ:COIN) with a $280 price target. Earlier on December 17, Brett Knoblauch from Cantor Fitzgerald reiterated a Buy rating on the stock but lowered the price target from $459 to $320.

The analyst at Mizuho highlighted the company’s diversification, which it believes has worked perfectly for Robinhood. However, the firm remains cautious about the company’s ability to execute its strategy and the impact it might have on the revenue. This diversification includes expansion beyond crypto, including commission-free trading, prediction markets, robo-advisors, and custom stablecoins.

That said, Mizuho also raised concerns about the increasingly commoditized nature of prediction markets. Analysts at the firm believe that users might turn to funding the new features by selling existing crypto holdings, thereby increasing the risk of cannibalization of higher-margin crypto trading.

Similarly, Cantor Fitzgerald also highlighted the company’s evolution towards “Everything Exchange.” The firm highlighted that while the product announcements are good for the near-term revenue and profitability, the overall long-term estimates are slightly lower due to the recent decline in crypto sentiment.

Coinbase Global, Inc. (NASDAQ:COIN) is an American company that operates a platform for people and institutions to engage with crypto. It allows users to buy, sell, transfer, trade, stake, and store cryptocurrency assets.

While we acknowledge the potential of COIN as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.