Analyst John Todaro from Needham reiterated a Buy rating on Coinbase Global and increased the price target to $400.00 from $330.00.
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John Todaro has given his Buy rating due to a combination of factors including Coinbase Global’s recent product expansion and the resurgence in crypto trading volumes. Despite a weaker than expected performance in the second quarter of 2025, with revenues and EBITDA falling short of Needham’s and consensus estimates, the company has shown promising developments.
The introduction of tokenized assets and deeper integrations with Base are seen as positive steps forward. Additionally, the growth in crypto volumes observed in July has led to increased estimates, supporting a more optimistic outlook. These factors, along with the potential for multiple expansion in the stablecoin business, underpin the decision to maintain a Buy rating and raise the price target to $400.
Todaro covers the Financial sector, focusing on stocks such as Riot Platforms, Marathon Digital Holdings, and Applied Digital Corporation. According to TipRanks, Todaro has an average return of 46.4% and a 72.41% success rate on recommended stocks.
In another report released on July 30, Bernstein also assigned a Buy rating to the stock with a $510.00 price target.