Coinbase Global, Inc. (NASDAQ:COIN) Stock Update and Earnings Forecast

Coinbase Global, Inc. (NASDAQ:COIN) is a leading cryptocurrency exchange platform that facilitates the buying, selling, and storage of digital currencies. As a major player in the crypto industry, Coinbase competes with other exchanges like Binance and Kraken. On May 8, 2025, Citigroup updated its rating for COIN to Neutral, maintaining a hold action, with the stock priced at $208.34.

Coinbase is set to release its first-quarter earnings results after the market closes on May 8. Analysts expect earnings of $2.11 per share, with projected quarterly revenue reaching $2.12 billion. This marks a significant increase from the $1.64 billion reported in the same quarter last year. Historically, Coinbase has exceeded analyst revenue estimates in eight of the last ten quarters.

Despite the positive earnings outlook, Coinbase shares experienced a slight decline of 0.2%, closing at $196.56 on Wednesday. However, the current stock price of COIN is $208.92, reflecting an increase of 6.29% or $12.36. Today, the stock has traded between $202.81 and $210.45, indicating some volatility.

Over the past year, COIN has reached a high of $349.75 and a low of $142.58. The company's market capitalization stands at approximately $53.24 billion, highlighting its significant presence in the market. The trading volume for COIN is 9,144,353 shares on the NASDAQ exchange, showing active investor interest.