Piper Sandler Retains a Neutral Rating on Coinbase Global, Inc. (COIN)

Coinbase Global, Inc. (NASDAQ:COIN) is among the Growth Stock Portfolio: 12 Stock Picks By Cathie Wood.

On January 14, 2026, TheFly reported that Piper Sandler reduced its price objective for Coinbase Global, Inc. (NASDAQ:COIN) to $270 from $350 ahead of quarterly earnings. It maintained a Neutral rating on the stock.

Coinbase Global, Inc. (NASDAQ:COIN) CEO Brian Armstrong stated in a post on X on January 15, 2026, that the corporation no longer supports the Senate Banking draft on the structure of the cryptocurrency market after reviewing it for more than 48 hours. A de facto ban on tokenized stocks, DeFi bans, increased government access to financial records, the CFTC’s jurisdiction being eroded in favor of the SEC, and revisions that eliminate stablecoin benefits and permit banks to limit competition were among the issues he raised. According to Armstrong, the plan would be worse than the existing situation, and the firm would rather have no bill than a poorly drafted one.

The stock was down by 8.28% YTD as of 23 January, 2026.

Coinbase Global, Inc. (NASDAQ:COIN) is one of the biggest bitcoin exchange platforms in the United States.

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