Coinbase

Valuation Analysis

About the Company

Coinbase en bref

Coinbase (COIN) is currently trading at 142,47 € with a market capitalization of 37,5 Md €. The trailing P/E ratio stands at 59.8x, with a forward P/E of 32.99x. The 52-week range spans from 121,62 € to 388,04 €; the current price is 63.3% below the yearly high. Year-over-year revenue growth stands at -30.8%. The net profit margin stands at 12.74%.

💰 Dividende

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

📊 Avis des analystes

30 analystes évaluent Coinbase (COIN) au consensus : Acheter. L'objectif de cours moyen est de 200,49 €, soit un potentiel de +40.72% par rapport au cours actuel. La fourchette des objectifs de cours des analystes va de 93,38 € à 349,07 €.

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 85.47%, 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 40.72% upside from current levels — analyst sentiment is firmly constructive.

Le scénario baissier

Revenue is contracting at -30.8% year-over-year — until that trend reverses, valuation is exposed to further downgrades. A trailing P/E above 50 combined with revenue growth below 20% is a dangerous combination — the market is paying a steep growth multiple for what is, by the data, only moderately fast expansion. With a beta near 3.32, 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 1.01 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 42.02x reflects rich expectations — historically, multiples at this level have proven hard to maintain for more than a few quarters.

À surveiller

• The forward P/E of 32.99x is meaningfully below the trailing 59.8x — analysts expect earnings to step up; the next earnings release is the test.
• 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 40.72% 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 (11.1%).

Trading Data

Related Stocks in the Same Sector

Where can I buy Coinbase?

Compare top-rated brokers — low fees, trusted providers, fully regulated.