Coinbase Predicted to Surge Over 100% on Cost Cuts, Volume Recovery
A 24/7 Wall St. analyst predicts Coinbase (COIN) has over 100% upside to $360.19 within 12 months, driven by cost cuts and a recovery in crypto trading volumes in the second half of 2026.
Key Numbers
An analyst at 24/7 Wall St. has issued a bullish call on Coinbase (NASDAQ:COIN), predicting the stock has over 100% upside to $360.19 over the next 12 months, from the current price of $165.48. The analyst believes that despite a tough 2026, cost cuts and a normalization of crypto trading volumes could drive the stock higher.
Rating Change
The analyst sets a new price target of $360.19 for Coinbase, implying a 117.66% upside from the current $165.48. The recommendation is explicitly constructive, though no prior rating was mentioned.
Analyst Rationale
The analyst cites the following catalysts:
- Cost Cuts: The company's cost reduction plan could improve profitability.
- Volume Recovery: If crypto trading volumes normalize in H2 2026, revenue could rebound.
- Attractive Valuation: The stock is trading at depressed levels relative to the estimated fair value.
Context
The source did not provide other analysts' views or recent stock performance details. However, Coinbase has been impacted by lower crypto trading volumes in 2026.
What to Make of It
The outlook is bullish but hinges on assumptions about market recovery. Investors should weigh risks from crypto volatility and execution of the cost-cutting plan.
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