Erste Group Starts Coinbase Global Inc. (COIN) at Buy

Erste Group analyst Hans Engel initiates coverage on Coinbase Global Inc. (NASDAQ: COIN) with a Buy rating.

The analyst comments "Coinbase is one of the leading cryptocurrency trading platforms for both private investors and institutional clients. The company is benefiting from the increasing adoption of cryptocurrencies, which is supported by ETF approvals, institutional demand and increased regulation (most recently in the US through the Genius Act regarding stablecoins). Sales will grow faster than the sector in 2Q and full year 2025. As the company has a leading market position, the operating margin and profit should also increase significantly in the medium term."

For an analyst ratings summary and ratings history on Coinbase Global Inc. click here. For more ratings news on Coinbase Global Inc. click here.

Shares of Coinbase Global Inc. closed at $404.44 yesterday.

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