Coinbase (NASDAQ:COIN) will reveal Q3 earnings today after market close.
Coinbase started 2025 at around $250 a share. Today, Coinbase is trading at around $340 a share and may move higher, contingent upon results and forward-looking expectations.
One analyst just issued a new price target, raising its expectations from $300 a share to a whopping $425 a share, thus expressing signficant confidence in Coinbase’s future performance.
HC Wainwright (HCW) has issued an analyst report noting their change from sell to a buy, due to “bullish outlook for crypto asset prices in 4Q alongside regulatory tailwinds.”
The Trump administration has embraced digital asset innovation in stark contrast to the anti-crypto innovation of the Biden Administration.
Congress has already passed stablecoin legislation, under the GENIUS Act, and HCW predicts that digital asset market infrastructure legislation, the CLARITY Act, will be approved before the end of 2025.
Regarding Q3 numbers, HCW anticipates solid results and an upside to consensus revenue expectations going forward.
HCW states that the Q3 revenue estimate has been increased from $1.706 billion to $1.843 billion. Adjusted quarterly EBITDA and EPS are anticipated at $729.3 million from $641.1 million, and to $1.28/share from $1.04/share.
For the full year of 2025, HCW has bumped up EPS to $4.99 from $4.55. Revenue goes from $7.1 to $7.4 billion.
Coinbase currently has a market cap of over $87 billion and a trailing P/E of 32.70. Consensus share price targets are around $384.
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