Coinbase Global Inc. (NASDAQ:COIN) reached a new 52-week high of $360.50, capping a significant rally that has seen the stock rise 143% from its low of $142.58 over the past year. The milestone reflects growing investor confidence in both the company and the broader cryptocurrency market.
The crypto exchange platform has gained 55.5% over the past 12 months, including a sharp 16.8% uptick in just the past week. The recent momentum comes as Coinbase continues to strengthen its financial and strategic positioning within the digital asset space.
With a solid current ratio of 2.52 and gross profit margins exceeding 85%, Coinbase exhibits strong fundamentals. However, the company’s valuation remains elevated, trading at a price-to-earnings (P/E) ratio of 58.84—something investors are keeping an eye on.
Recent analyst activity has further fueled enthusiasm. Bernstein increased its price target on Coinbase shares to $510, citing the firm’s growing stablecoin operations, rising institutional adoption, and its involvement with Deribit and Ethereum’s Base chain as key drivers. Similarly, Benchmark raised its target to $421, praising the company’s “transformational year” and favorable shifts in crypto regulation.
Coinbase has also made strategic product moves, launching Coinbase Payments in collaboration with Shopify (NASDAQ:SHOP). The new system supports global payments in USDC stablecoin, promising quicker settlements and reduced transaction costs.
Rosenblatt Securities reaffirmed its Buy rating with a $300 price target, acknowledging near-term earnings pressure from lighter trading volumes, but highlighting long-term strength due to Coinbase’s diversification into payment processing and lending services.
As the crypto industry matures, Coinbase appears well-positioned to capitalize on the evolving regulatory and technological environment, with its latest surge reflecting renewed investor conviction in its role as a leading force in digital finance.