Coinbase Global, Inc. (COIN) Stock Analysis — Fair Value, Risk & Moat Rating
NMS · Financial Services · Financial Data & Stock Exchanges
Is Coinbase Global, Inc. a safe investment right now?
Coinbase Global, Inc. is in the Financial Services sector — Altman Z-Score does not apply to this type of company. Our fair value estimate is $238.94 (Buy Zone).
Why the Altman Z-Score does not apply to Coinbase Global, Inc.
The Altman Z-Score is designed for manufacturing and non-financial companies. It uses ratios like Working Capital / Total Assets and Revenue / Total Assets that produce misleading results for Financial Services companies.
- Banks hold massive assets (loans) that inflate Total Assets, making WC/TA nearly zero — a false distress signal
- Utilities carry high regulated debt by design — the model misreads leverage as risk
- REITs use Funds From Operations (FFO), not Free Cash Flow — standard cash flow analysis doesn't apply
Altman Z-Score is designed for manufacturing companies and does not apply to banks, utilities, or REITs.
Note: A sector-specific financial health model for Financial Services companies is planned for a future update.
What is Coinbase Global, Inc. actually worth?
How we calculated this
| Input | Value | Source |
|---|---|---|
| Analyst Consensus Target | $238.94 | 29 Wall Street analysts |
| Analyst High / Low | $420.00 / $120.00 | Range of analyst price targets |
| Price / Book | 3.73x | Current market valuation vs book value |
| Return on Equity | 10.1% | Profitability relative to shareholder equity |
Source: Earnings data from SEC EDGAR filings. Market data via Yahoo Finance.
Why standard moat analysis does not apply to Coinbase Global, Inc.
Our standard moat model uses ROIC stability, gross margin trends, and switching costs — metrics designed for product and service companies. Financial Services companies compete on fundamentally different dimensions.
- Banks — moat comes from deposit cost advantage, net interest margin stability, and fee income diversification
- Utilities — moat is a regulatory monopoly with guaranteed rate of return on invested capital
- REITs — moat comes from property portfolio quality, location, tenant mix, and cap rate advantages
Standard moat analysis (ROIC/gross margin/switching costs) does not reliably apply to Financial Services companies. Banks compete on net interest margin, utilities on regulated returns, and REITs on occupancy and cap rates.
Note: A sector-specific competitive analysis for Financial Services companies is planned for a future update.
Is Coinbase Global, Inc.'s dividend safe?
Coinbase Global, Inc.'s key financial metrics
| Metric | Latest | 1Y Ago | 3Y Ago | Trend |
|---|---|---|---|---|
| Revenue | $7.2B | $6.6B | $3.2B | Rising |
| Net Income | $1.3B | $2.6B | −$2.6B | Rising |
| Free Cash Flow | $2.4B | $3.1B | −$1.6B | Rising |
| Gross Margin | 74.6% | 74.8% | 80.3% | Declining |
Recent events that affect our COIN analysis
COIN earnings report scheduled
Upcoming report. Consensus EPS estimate: $0.24. Revenue estimate: $1.54B. Our current Fair Value: $238.94 — a significant beat or miss could shift this estimate.
COIN analyst consensus: 62% bullish (21 of 34 analysts)
3 Strong Buy, 18 Buy, 9 Hold, 2 Sell, 2 Strong Sell. Consensus target: $238.94 (15.9% upside). Compare with our independent Fair Value: $238.94.
COIN filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
COIN missed EPS estimates by 364.9%
Reported EPS: $-2.49 vs estimate $0.94. Our Fair Value of $238.94 may face downward pressure if the trend continues.
COIN filed annual report (10-K)
Annual filing with full-year financials. Our Altman Z-Score, Moat, and Fair Value models are derived from this data. View on SEC EDGAR →
COIN filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
COIN filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
COIN beat EPS estimates by 33.0%
Reported EPS: $1.50 vs estimate $1.13. Earnings strength supports our Fair Value of $238.94 (15.9% above current price).
COIN filed quarterly report (10-Q)
Quarterly update with interim financials. May signal changes to earnings trajectory and balance sheet health. View on SEC EDGAR →
COIN filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
COIN filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
COIN filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
COIN filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
COIN filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
COIN beat EPS estimates by 245.6%
Reported EPS: $5.14 vs estimate $1.49. Earnings strength supports our Fair Value of $238.94 (15.9% above current price).
COIN filed quarterly report (10-Q)
Quarterly update with interim financials. May signal changes to earnings trajectory and balance sheet health. View on SEC EDGAR →
COIN filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
COIN filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
COIN filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
COIN missed EPS estimates by 87.4%
Reported EPS: $0.24 vs estimate $1.90. Our Fair Value of $238.94 may face downward pressure if the trend continues.
COIN filed quarterly report (10-Q)
Quarterly update with interim financials. May signal changes to earnings trajectory and balance sheet health. View on SEC EDGAR →
COIN filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
COIN filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
COIN filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
COIN beat EPS estimates by 129.0%
Reported EPS: $4.68 vs estimate $2.04. Earnings strength supports our Fair Value of $238.94 (15.9% above current price).
COIN filed annual report (10-K)
Annual filing with full-year financials. Our Altman Z-Score, Moat, and Fair Value models are derived from this data. View on SEC EDGAR →
COIN filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
Common questions about Coinbase Global, Inc.
What is Coinbase Global, Inc. stock price today?
Coinbase Global, Inc. (COIN) stock price is $206.24 as of the latest market close, traded on the NASDAQ exchange.
What does Coinbase Global, Inc. do?
Coinbase Global, Inc. operates platform for crypto assets in the United States and internationally. It provides the primary financial account in the crypto economy for consumers; a brokerage platform with a pool of liquidity across the crypto marketplace for institutions; and a suite of products granting access to build onchain for developers.
What is Coinbase Global, Inc. market cap?
Coinbase Global, Inc. has a market capitalization of $55.61B, classifying it as a large-cap stock in the Financial Services sector.
What sector and industry is COIN in?
Coinbase Global, Inc. operates in the Financial Services sector, specifically within the Financial Data & Stock Exchanges industry. It trades on the NASDAQ under the ticker symbol COIN.
Is COIN stock overvalued or undervalued?
Based on our valuation model, Coinbase Global, Inc. trades 13.7% below our fair value estimate — potentially undervalued.
- FairValueLabs Fair Value: $238.94
- Current Price: $206.24
- Valuation Zone: Buy Zone
What is COIN stock forecast and analyst target price?
Based on 29 Wall Street analysts, the consensus price target for Coinbase Global, Inc. is $238.94, implying upside of 15.9% from the current price.
- Analyst High Target: $420.00
- Analyst Low Target: $120.00
Note: Analyst targets are shown for reference and are not used in our valuation model.
Is Coinbase Global, Inc. revenue and earnings growing?
Here are the analyst consensus growth estimates for Coinbase Global, Inc.:
- Revenue growth (current year est.): -2.9%
- EPS growth (current year est.): -28.5%
- Revenue growth (next year est.): 20.3%
- EPS growth (next year est.): 61.5%
What are Coinbase Global, Inc.'s key financial metrics?
| Metric | Latest | Trend |
|---|---|---|
| Revenue | $7.2B | Rising |
| Net Income | $1.3B | Rising |
| Free Cash Flow | $2.4B | Rising |
| Gross Margin | 74.6% | Declining |
What is COIN's P/E ratio?
The price-to-earnings ratio measures how much investors pay per dollar of earnings:
- Trailing P/E (last 12 months): 46.4x
- Forward P/E (next 12 months est.): 40.2x
How volatile is COIN stock?
Coinbase Global, Inc. has a beta of 3.61, meaning it is significantly more volatile than the broader market. A beta above 1.0 indicates higher price swings relative to the S&P 500, while below 1.0 suggests more stability.
How much cash and debt does Coinbase Global, Inc. have?
Coinbase Global, Inc.'s balance sheet shows:
- Total Cash: $11.60B
- Total Debt: $7.86B
- Net Cash Position: $3.74B
A positive net cash position means the company holds more cash than debt, reducing financial risk.
What is Coinbase Global, Inc.'s free cash flow?
Coinbase Global, Inc. generated $1.30B in trailing twelve-month free cash flow (from $2.43B in operating cash flow). Free cash flow represents the cash available for dividends, buybacks, and debt reduction after all capital expenditures.
Does Coinbase Global, Inc. pay a dividend?
Coinbase Global, Inc. does not currently pay a regular dividend to shareholders. The company may be reinvesting all profits back into growth, or it may have suspended its dividend.
Is Coinbase Global, Inc. financially healthy?
The Altman Z-Score — the standard bankruptcy prediction model — is not applicable to Financial Services companies like Coinbase Global, Inc.. The formula uses ratios designed for manufacturing firms that produce misleading results for banks, utilities, and REITs.
Does Coinbase Global, Inc. have a competitive moat?
Our standard moat model (based on ROIC, gross margins, and switching costs) does not apply to Financial Services companies. These firms compete on fundamentally different dimensions such as regulatory advantages, deposit cost structures, or property portfolios.
What is COIN's return on equity (ROE)?
Coinbase Global, Inc.'s return on equity is 10.1%. ROE measures how efficiently a company generates profits from shareholder equity. An ROE above 15% is generally considered strong, while below 10% may signal inefficiency.
How do I buy COIN stock?
COIN shares can be purchased through any brokerage account that provides access to the NASDAQ. Common steps:
- Open an account with a broker (e.g., Fidelity, Schwab, Interactive Brokers)
- Search for ticker symbol COIN
- Place a market or limit order for your desired number of shares
This is not investment advice. Always do your own research before buying any stock.
Is COIN a value stock or speculative?
FairValueLabs classifies Coinbase Global, Inc. as Value-Speculation. It has some value characteristics but carries elevated risk factors that make it speculative. Extra due diligence is recommended.
Who is the CEO of Coinbase Global, Inc.?
The current CEO of Coinbase Global, Inc. is Mr. Brian Armstrong.
What is COIN's earnings per share (EPS)?
Earnings per share measures the company's profit allocated to each outstanding share:
- Trailing EPS (last 12 months): $4.45
- Forward EPS (next 12 months est.): $5.13
- Analyst consensus EPS (this year): $3.18
- Analyst consensus EPS (next year): $5.14
Other Financial Services companies analyzed by FairValueLabs
FairValueLabs Disclaimer
All valuations, scores, ratings, and classifications on this page are produced by the FairValueLabs internal valuation system. They do not represent actual market value, guaranteed outcomes, or professional investment advice. These are analytical estimates for educational and research purposes only.
This is not financial advice. All data is sourced from SEC EDGAR public filings. Always consult a qualified financial advisor before making investment decisions.
Last updated: Apr 22, 2026. Data sources: SEC EDGAR (financial statements), Yahoo Finance (market data, analyst consensus). Data may not reflect the most recent quarter.
COIN analysis methodology: How we calculate fair value, Z-Scores, and moat ratings