Citizens Cuts Coinbase Global (COIN) Price Target to $280

Citizens reiterates its positive outlook for Coinbase Global, Inc. with a target price adjustment, a 59.42% upside from the current price.

By EarningsIQ Research Desk · Published Oct 16, 2026, 2:09 PM EDT

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Citizens cut its price target on Coinbase Global, Inc. ($COIN) to $280 from $325 on October 9, 2026, and rates the stock "Market Outperform".

Since the rating, $COIN is down 3.5% after 1 week and down 3.5% to date (from the $179.39 close on Oct 9, 2026).

COIN Coinbase Global, Inc.

$173.16 -26.79% year to date

Daily close · Oct 16, 2026

Key Points

On October 9, 2026, Citizens reiterated its Market Outperform rating for Coinbase Global, Inc. with a new price target of $280, down from $325.
Citizens's $280 price target implies 59.42% upside from Coinbase Global, Inc.'s ($COIN) current $175.64 share price.
As of October 16, 2026, Coinbase shares traded recently at $175.64, which is below its 50-day and 200-day moving averages.
Coinbase's revenue for the trailing twelve months was about $6.04 billion, showing a year-over-year decline of 17.3%.

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Citizens has reiterated its Market Outperform rating for Coinbase Global, Inc. (COIN) on October 9, 2026, adjusting its price target down to $280 from $325. This reflects a continued positive outlook despite the recent challenges the company faces in the crypto market.

Other Institutional Activity in Coinbase

Several other funds have also made adjustments to their positions in Coinbase. Blackrock Inc. reduced its holdings by 35,166 shares, ending with 16,710,783 shares worth about $2.89 billion. Vanguard Capital Management LLC added 35,327 shares, increasing its total to 14,165,975 shares valued at approximately $2.45 billion. State Street Corporation grew its stake by 202,177 shares, bringing its total to 9,562,203 shares worth around $1.66 billion.

Coinbase Global, Inc. Stock Up 1.6%

Coinbase shares recently traded around $175.64, which is below both its 50-day moving average of $176.40 and its 200-day average of $182.86. The stock is also trading about 52.9% below its 52-week high of $373.25, but 26.3% above its 52-week low of $139.11.

12-month forecast

$COIN price target

Coinbase Global, Inc. daily closes and this analyst's $280 target. Not advice.

Recent Earnings

For the trailing twelve months, Coinbase reported revenue of approximately $6.04 billion, which represents a year-over-year decline of 17.3%. The company is expected to announce its next earnings on October 29, 2026.

Earnings drift grade

Outlook vs expectations on the last report — not price action.

F 21/100

Reported May 7, 2026

Forward outlook
7 target cuts vs 2 raises.
EPS & revenue
EPS missed estimates by 559.7%. Revenue missed estimates by 9.0%.
Profit surprise
EBITDA missed sharply. Operating income missed sharply.
Pre-earnings setup
Expectations were about average.
Analyst signal
2 target raises, 7 target cuts.
Earnings quality
Gross margin down 5.6 points. Operating margin down 33.7 points. Negative free cash flow.

Earnings Call Summary

Coinbase reported $1.4 billion in Q1 revenue, down 21 percent from Q4 due to a crypto market decline of over 20 percent. Despite tough conditions, the company reached an all-time high in crypto trading market share and posted its 12th straight quarter of native asset inflows. The Everything Exchange strategy is working, with derivatives generating $200 million annualized revenue and prediction markets hitting $100 million annualized revenue in just two months. Management emphasized strong fundamentals in stablecoins, with $19 billion in average USDC held and 10x growth in stablecoin transactions on the Base blockchain.

Guidance Coinbase expects subscription and services revenue between $565 million and $645 million in the next quarter, up from current levels. Operating expenses for Q2 are expected between $820 million and $870 million, down 4 to 9 percent from Q1. Full year adjusted expenses should come in between $4.3 billion and $4.6 billion, roughly $500 million lower than exit rates from late 2025.

Severe negative reset. The report materially damaged the forward outlook and likely forces major downward revisions.

Insider Buying and Selling at Coinbase Global, Inc.

Recent insider transactions include Marc L. Andreessen, a director, who sold 13,676 shares on September 8, 2026, for a total value of about $2.48 million at an average price of $181.14. He also sold 6,838 shares on September 21, 2026, valued at approximately $1.4 million. Additionally, Alesia J.

Analysts Set New Price Targets

On October 2, 2026, Piper Sandler maintained a Neutral rating with a target of $170, while Barclays also maintained an Underweight rating with a target of $149. On October 7, 2026, BTIG reiterated a Buy rating with a target of $240. Citizens' recent target of $280 is below the average target among analysts, which is approximately $212.15 based on 33 opinions.

About Coinbase Global, Inc.

Coinbase Global, Inc. operates a platform for buying, selling, and managing cryptocurrencies. It serves both retail customers and institutions, providing essential tools for trading and building on blockchain technology. Founded in 2012, Coinbase is headquartered in New York, NY.

Bottom Line

Investors should watch for Coinbase's upcoming earnings report on October 29, 2026, to assess its financial health further. Citizens' recent call reflects confidence in the company's long-term potential despite current market pressures.