Coinbase (COIN, Financial) just got a fresh boost from Mizuho, which upgraded the stock from "neutral" to "outperform," raising its price target to $290. The move comes as Bitcoin hovers around $102,393.2, with analysts betting on a long-term price surge of 25-30% annually through 2027, fueled by increasing adoption and a more favorable regulatory backdrop under Trump. Given Coinbase's tight correlation with Bitcoin's movements, this shift could put the crypto exchange in a prime position for further gains. Barclays, JMP Securities, and Canaccord Genuity are also bullish, with targets ranging from $280 to $355, reinforcing confidence in Coinbase's long-term potential.
But it's not just price targets making waves—insiders have been actively trading, with key executives offloading shares. Director Frederick Ehrsam III sold over 10,000 shares at an average price of $310, while COO Emilie Choi trimmed her holdings at $203.30. Meanwhile, hedge funds are reshuffling their portfolios, with firms like RPg Family Wealth and Wingate Wealth Advisors snapping up Coinbase stock in recent quarters. Despite these trades, Coinbase remains a dominant force in crypto infrastructure, and analysts project an EPS of 4.81 for the fiscal year, signaling steady profitability ahead.
Beyond crypto, the broader market is stabilizing after tech stocks took a hit from China's low-cost AI disruption. The Nasdaq is rebounding, signaling that investors still have an appetite for innovation. As Coinbase rides Bitcoin's coattails, regulatory clarity and adoption trends will dictate its next big move. If Bitcoin's price trajectory holds, Coinbase could be looking at a much bigger runway than most expect.
