Share this article
BTIG Initiates Coinbase Coverage With $500 Price Target
BTIG expects COIN to reach $500, calling it the "gold standard among digital asset exchanges."
Updated Sep 14, 2021, 12:41 p.m. Published Apr 15, 2021, 1:55 p.m.
The brokerage firm BTIG rated Coinbase (COIN) shares a "buy" with a $500 price target in a research report on Thursday.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
BTIG calls COIN the “gold standard among digital asset exchanges” and says the company is poised for sustained growth as the crypto ecosystem expands.
COIN had a volatile first day of trading on the Nasdaq exchange. The stock opened around $318 and briefly broke above $400 before declining later in the session and closing at $328. The stock was up about 3% to $338 as U.S. stock markets opened early Thursday.
- BTIG’s $500 price target for COIN is based on several base-case assumptions, including 16% growth in trading volumes for the next five years, subscription and services revenue growth of 30% over the same period, and continued retail adoption of cryptocurrencies on COIN’s platform.
- The firm sees an upside scenario of accelerated revenue growth “beyond our current expectations as its crypto exchange’s market-share gains increase sharply and its other business lines ramp up more quickly than we are anticipating.”
- However, Coinbase could also see revenue growth stall due to “either declining demand for cryptocurrency due to a sharp drop in the price of bitcoin and other coins.”
- The report also notes a strong balance sheet for Coinbase, which could help the company “withstand downturns in crypto markets or fee compression arising from increased competition.”
Read more: Coinbase Shares Meet Crypto Volatility: First Soar, Then Fall to Close Below Opening Price
Higit pang Para sa Iyo
Ano ang dapat malaman:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
Higit pang Para sa Iyo
Robinhood Stock Slides 8% After Big Decline in November Trading Volumes
Slumps across equity, options and crypto trading in November raised concerns that retail investor momentum may be fading.
Ano ang dapat malaman:
- Robinhood reported a sharp drop in trading volumes across equities, options and crypto in November.
- The company's total platform assets also fell 5% month-over-month to $325 billion.
- The slowdown in trading activity raised investor concerns that retail engagement may be fading heading into year-end.
Top Stories
