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Coinbase Stock Rallies As Wall Street Hikes Price Targets

ELLIS HOBBS•UPDATED AUG. 31, 2026, 3:02 PM ET
Reviewed by Jack Kelloggand Fact-checked by Tim Sykes

Coinbase Global Inc stocks have been trading up by 5.8 percent amid bullish sentiment on expanding crypto trading volumes.

Key Takeaways

  • Wall Street desks are leaning bullish on COIN, with Goldman Sachs lifting its price target to $196 and reiterating a Buy rating as crypto activity and regulation trend in its favor.
  • Needham trimmed its COIN target from $200 to $177 but kept a Buy, while the average Street target near $195 still sits above the roughly $188 share price after a 3.5% pop.
  • Coinbase is rolling out tokenized U.S. equities on its Base chain using Chainlink oracles, opening new DeFi lending, borrowing, and trading angles for non‑U.S. traders.
  • A new partnership with Better Mortgage lets borrowers pledge crypto as collateral and earn up to a 1% mortgage rebate through Coinbase One, pushing COIN deeper into real‑world finance.
  • Coinbase’s upgraded Business payments suite, already handling over 100,000 payments for more than 5,000 firms, adds AI‑driven crypto payments and flexible tools aimed at merchants and developers.

Candlestick Chart

Live Update At 15:02:31 EDT: On Monday, August 31, 2026 Coinbase Global Inc stock [NASDAQ: COIN] is trending up by 5.8%! Discover the key drivers behind this movement as well as our expert analysis in the detailed breakdown below.

Quick Financial Overview

COIN has been trading like a high‑beta crypto proxy, but the tape shows real accumulation. Over the past few weeks, Coinbase Global Inc has run from the mid‑$140s to just under $190, an almost 30% surge. That move tracks recent strength in bitcoin above $71,000 and tells traders COIN is still tightly linked to broader crypto risk‑on sentiment.

The daily candles show a pattern of higher lows and strong closes near the top of the range. Sessions where COIN dips toward $176–$180 have been getting scooped and reversed, a classic sign of dip‑buying. Intraday, the 5‑minute chart shows a steady grind higher from the $178s at the open toward the high $188s into the close, with shallow pullbacks that get bought quickly. That’s trend‑day behavior, not chop.

More Breaking News

On the fundamentals side, Coinbase booked about $7.18B in trailing revenue, with revenue per share over $32 and three‑year revenue growth above 35%. Profit margins are still negative, and the latest quarter printed a net loss of roughly $359M, but the company generated positive operating cash flow around $197M. Valuation is rich — price‑to‑sales near 7.5 and price‑to‑cash‑flow almost 60 — which tells traders COIN is priced as a growth vehicle. In simple terms: the market is paying up for future upside, not current earnings.

Why Traders Are Watching COIN Right Now

COIN is back in play because the story is bigger than just trading fees. It starts with Wall Street. Goldman Sachs raised its Coinbase price target from $173 to $196 and kept a Buy rating, pointing to structural growth in brokerage and prediction markets, upside from crypto trading, and a better regulatory backdrop. When a major desk leans in like that, active traders pay attention. Needham’s latest move — trimming its COIN target from $200 to $177 while staying Buy‑rated — still leaves the stock trading below the roughly $195 Street average, giving bulls a visible “room‑to‑target” narrative.

At the same time, Coinbase Global Inc is pushing hard on new products. The company is launching tokenized U.S. equities on its Base chain and has named Chainlink as the official price oracle. Those tokenized stocks can be used across DeFi for lending, borrowing, and trading in eligible non‑U.S. markets. Even though COIN traded down about 2% the day that Chainlink integration was detailed, that looks more like profit‑taking than a rejection of the idea. Strategically, it positions Coinbase as core infrastructure for real‑world asset tokenization.

Coinbase is also powering Better Mortgage’s token‑backed, conforming mortgage product. Borrowers can pledge digital assets as collateral without selling and, if they are Coinbase One members, earn up to a 1% mortgage‑value rebate capped at $10,000. That’s crypto stepping straight into housing finance. Add in a significantly upgraded Business payments suite — now enabling crypto payments from AI agents, plus reusable payment links, flexible pricing, catalogs, and broader USDT support — and traders get a picture of COIN diversifying beyond retail spot trading into mortgages, DeFi, and enterprise payments.

Layer on bitcoin above $71,000 lifting crypto‑linked equities in premarket, and COIN becomes a high‑octane way for traders to express a bullish view on the entire ecosystem.

Conclusion

For active traders, COIN is a pure momentum name tied to both product news and macro crypto flows. The stock has broken out from the $140s to the high $180s while analysts at Goldman Sachs and Needham keep Buy ratings in place and targets clustered in the high‑$100s. That doesn’t guarantee anything, but it confirms that the Street still sees Coinbase Global Inc as a growth platform, not a stalled exchange.

Under the hood, the business is evolving. Coinbase is moving into tokenized U.S. equities on Base with Chainlink oracles, plugging into DeFi as infrastructure rather than just a front‑end broker. The Better Mortgage deal drags crypto into the home‑loan world, while the Business payments upgrade leans into AI‑driven and enterprise‑grade payments. Even Bitmine’s use of COIN as an ETH pricing source underscores Coinbase’s role in institutional plumbing.

Traders still need to respect the risks. COIN runs hot, tracks bitcoin, and the company is not consistently profitable yet. Political and regulatory headlines — from pro‑crypto pushes like the Clarity Act to state‑level tax fights — can move the tape fast.

As Tim Sykes likes to remind his students, “Patterns repeat, but they never owe you a win — your only job is to manage risk.” As millionaire penny stock trader and teacher Tim Sykes says, “Embrace the journey, the ups and downs; each mistake is a lesson to improve your strategy.” With COIN, that means riding the volatility, stalking clean chart setups, and cutting losses quickly if the crypto tide turns. This article is for educational and research purposes only and is not investment advice.

This is stock news, not investment advice. Timothy Sykes News delivers real-time stock market news focused on key catalysts driving short-term price movements. Our content is tailored for active traders and investors seeking to capitalize on rapid price fluctuations, particularly in volatile sectors like penny stocks. Readers come to us for detailed coverage on earnings reports, mergers, FDA approvals, new contracts, and unusual trading volumes that can trigger significant short-term price action. Some users utilize our news to explain sudden stock movements, while others rely on it for diligent research into potential investment opportunities.

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* Results are not typical and will vary from person to person. Making money trading stocks takes time, dedication, and hard work. There are inherent risks involved with investing in the stock market, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is at your own risk. See Terms of Service here

The available research on day trading suggests that most active traders lose money. Fees and overtrading are major contributors to these losses.

A 2000 study called “Trading is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors” evaluated 66,465 U.S. households that held stocks from 1991 to 1996. The households that traded most averaged an 11.4% annual return during a period where the overall market gained 17.9%. These lower returns were attributed to overconfidence.

A 2014 paper (revised 2019) titled “Learning Fast or Slow?” analyzed the complete transaction history of the Taiwan Stock Exchange between 1992 and 2006. It looked at the ongoing performance of day traders in this sample, and found that 97% of day traders can expect to lose money from trading, and more than 90% of all day trading volume can be traced to investors who predictably lose money. Additionally, it tied the behavior of gamblers and drivers who get more speeding tickets to overtrading, and cited studies showing that legalized gambling has an inverse effect on trading volume.

A 2019 research study (revised 2020) called “Day Trading for a Living?” observed 19,646 Brazilian futures contract traders who started day trading from 2013 to 2015, and recorded two years of their trading activity. The study authors found that 97% of traders with more than 300 days actively trading lost money, and only 1.1% earned more than the Brazilian minimum wage ($16 USD per day). They hypothesized that the greater returns shown in previous studies did not differentiate between frequent day traders and those who traded rarely, and that more frequent trading activity decreases the chance of profitability.

These studies show the wide variance of the available data on day trading profitability. One thing that seems clear from the research is that most day traders lose money .

Millionaire Media 66 W Flagler St. Ste. 900 Miami, FL 33130 United States (888) 878-3621 This is for information purposes only as Millionaire Media LLC nor Timothy Sykes is registered as a securities broker-dealer or an investment adviser. No information herein is intended as securities brokerage, investment, tax, accounting or legal advice, as an offer or solicitation of an offer to sell or buy, or as an endorsement, recommendation or sponsorship of any company, security or fund. Millionaire Media LLC and Timothy Sykes cannot and does not assess, verify or guarantee the adequacy, accuracy or completeness of any information, the suitability or profitability of any particular investment, or the potential value of any investment or informational source. The reader bears responsibility for his/her own investment research and decisions, should seek the advice of a qualified securities professional before making any investment, and investigate and fully understand any and all risks before investing. Millionaire Media LLC and Timothy Sykes in no way warrants the solvency, financial condition, or investment advisability of any of the securities mentioned in communications or websites. In addition, Millionaire Media LLC and Timothy Sykes accepts no liability whatsoever for any direct or consequential loss arising from any use of this information. This information is not intended to be used as the sole basis of any investment decision, nor should it be construed as advice designed to meet the investment needs of any particular investor. Past performance is not necessarily indicative of future returns.

Citations for Disclaimer

Barber, Brad M. and Odean, Terrance, Trading is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors. Available at SSRN: “Day Trading for a Living?”

Barber, Brad M. and Lee, Yi-Tsung and Liu, Yu-Jane and Odean, Terrance and Zhang, Ke, Learning Fast or Slow? (May 28, 2019). Forthcoming: Review of Asset Pricing Studies, Available at SSRN: “https://ssrn.com/abstract=2535636”

Chague, Fernando and De-Losso, Rodrigo and Giovannetti, Bruno, Day Trading for a Living? (June 11, 2020). Available at SSRN: “https://ssrn.com/abstract=3423101”