Coinbase

Valuation Analysis

About the Company

Coinbase en bref

Coinbase (COIN) is currently trading at 126,81 € with a market capitalization of 33,5 Md €. The 52-week range spans from 120,61 € to 348,67 €; the current price is 63.6% below the yearly high. Year-over-year revenue growth stands at -17.3%.

💰 Dividende

Coinbase currently does not pay a dividend. The company typically reinvests its earnings into growth initiatives and product development.

📊 Avis des analystes

29 analystes évaluent Coinbase (COIN) au consensus : Acheter. L'objectif de cours moyen est de 174,66 €, soit un potentiel de +37.73% par rapport au cours actuel. La fourchette des objectifs de cours des analystes va de 82,37 € à 286,11 €.

Coinbase : la thèse d'investissement en détail

Coinbase (COIN) operates in the Financial Services — specifically Financial Data & Stock Exchanges — and is headquartered in United States. Below is a structured read of the investment case built directly from the latest fundamentals, valuation multiples, analyst positioning and smart-money flows. Each section translates raw numbers into the investment logic they imply, so you can decide whether the risk/reward fits your portfolio.

Le scénario haussier

With a gross margin near 85.81%, the company sits in the top tier of its industry — these are the kinds of structural margins that protect earnings during downturns. Wall Street consensus sits at Buy with an average price target implying roughly 37.73% upside from current levels — analyst sentiment is firmly constructive.

Le scénario baissier

Revenue is contracting at -17.3% year-over-year — until that trend reverses, valuation is exposed to further downgrades. Net margins remain negative, meaning every euro of revenue is still producing losses — the path to profitability is the central question for shareholders. With a beta near 3.35, the share price moves sharply more than the broader market — drawdowns in market corrections can be unusually severe and require strong nerves.

Valorisation en contexte

The PEG ratio at 1.4 sits in the reasonable zone — the price tag is roughly aligned with the company's growth profile, neither punishing nor euphoric. The EV/EBITDA multiple of 52.13x reflects rich expectations — historically, multiples at this level have proven hard to maintain for more than a few quarters.

À surveiller

• The price sits in the lower quartile of the 52-week range — value hunters often start scaling in around this zone if fundamentals hold.
• The analyst consensus price target implies 37.73% upside — if the next two quarters confirm the underlying thesis, target hikes typically follow.

Thèse d'investissement : forces et faiblesses

Aperçu technique

Price is below both the 50- and 200-day moving averages, with 50d below 200d — a bearish picture (death-cross alignment).

Profil de risque

The data points to above-average price swings, elevated short interest (11.41%).

Trading Data

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