Skip to navigationSkip to main contentSkip to right columnVandita JadejaSat, July 4, 2026 at 5:26 PM GMT+2 4 min readQuick ReadCOIN carries a BUY rating with a $360 price target, implying 118% upside as crypto volumes recover and a 14% headcount cut takes hold.USDC hit an $80 billion all-time high and stablecoin markets could expand tenfold to $3 trillion by 2030, fueling Coinbase's long-term bull case.A 118x forward P/E and insider net selling headline the risks, but $10 billion in cash and a $290 bear-case floor offer some comfort.Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Coinbase didn't make the cut. Grab the names FREE today.Our Coinbase (NASDAQ:COIN) call is unabashedly constructive. Shares have been battered in 2026, but the setup into the back half of the year looks compelling if crypto volumes normalize and the cost-out plan sticks.Sergei Elagin / Shutterstock.comThe 24/7 Wall St. price target for Coinbase is $360.19 over the next 12 months, implying 117.66% upside from $165.48. Our recommendation is buy, with a confidence level of 90%. That is a high-conviction call on a high-beta stock.24/7 Wall St. Price Target SummaryMetricValueCurrent Price$165.4824/7 Wall St. Price Target$360.19Upside117.66%RecommendationBUYConfidence Level90%A Brutal Year, With a Turn Off the LowsCoinbase has been a punishing hold. The stock is down 53.31% over the past year and 26.82% year to date, retracing from a 52-week high of $444.64 to a 52-week low of $139.18. Momentum is finally turning: shares are up 16.11% in the past week.Q1 2026, reported May 7, was the flashpoint. Revenue fell to $1.413 billion, a 30.54% YoY drop, missing consensus. GAAP EPS came in at -$1.49, hammered by $482.4 million in losses on crypto assets held for investment.Adjusted EBITDA, however, stayed positive at $303.3 million, the 13th consecutive positive quarter. Management announced a 14% headcount reduction targeting $500 million in annualized savings.Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Coinbase didn't make the cut. Grab the names FREE today.Why Bulls See a Breakout AheadThe bull case rests on Coinbase's "Everything Exchange" expansion into equities, prediction markets, commodities, and FX, alongside the stablecoin franchise. USDC market cap reached an $80 billion all-time high in March 2026, and management sees stablecoins growing from ~$300 billion to $3 trillion by 2030.Prediction markets are already annualizing $100 million+ in their first two months. Analysts back the setup, with a consensus target of $229.40 and 21 buy ratings against three sells. Our bull-case scenario points to $439.81 over 12 months if volumes reaccelerate and cost cuts flow through.Terms and Privacy PolicyEU DSA contactPrivacy & Cookie SettingsMore Info