Coinbase Global Inc. (NASDAQ:COIN) East one of the best cryptocurrency stocks to buy for the long term. On November 20, Erste Group lowered its rating on Coinbase Global Inc. (NASDAQ: COIN) from Buy to Hold, arguing that the growing popularity of low-fee Bitcoin ETFs could reduce one of the company’s most important revenue streams. The company warned that as more retail investors opt for exposure to ETFs rather than purchasing cryptocurrencies directly, Coinbase risks losing a significant portion of its higher-margin retail trading business.
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Erste noted that Coinbase still has a strong position as a major platform for individual and institutional clients, but said the move to ETFs could trade its more profitable revenue for lower-margin businesses. Even as overall crypto adoption continues to rise, the company warned that this change in mix could put real pressure on the company’s bottom line.
Earlier, on November 10, analysts at Monness Crespi upgraded Coinbase Global Inc. (NASDAQ: COIN) to buy from neutral. Analysts also set a price target of $375, while reiterating the company’s 2025 financial results and slightly increasing their 2026 estimates.
Monness Crespi upgraded Coinbase, highlighting growing confidence in the company’s efforts to bring stablecoins to market through new partnerships and favorable economic conditions. The company also noted that Coinbase was steadily gaining market share in terms of trading volume compared to its competitors.
Looking ahead, Monness Crespi expects upcoming product and network developments to make crypto easier to use and improve interoperability between blockchains. They added that Coinbase’s strong financial performance, including 47.38% revenue growth over the past year, helps bolster the optimistic outlook.
Coinbase Global, Inc. (NASDAQ: COIN) provides a platform for individuals to engage in the cryptocurrency market through its trading and exchange services. It provides a cryptocurrency platform that allows people to buy, sell and store digital currencies such as Bitcoin and Ethereum.
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Disclosure: None. This article was originally published on Initiated Monkey.
