COIN, US19260Q1076

Coinbase Global stock: Cantor keeps USD 200 target

Published on 11/13/2026 at 22:13 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Coinbase Global stock gets continued support from Cantor Fitzgerald. The firm cites trust, security and a new national trust charter.

Trust and Product Expansion Shape Debate

Cantor Fitzgerald maintained an Overweight rating and a USD 200 price target for Coinbase.
CEO Brian Armstrong presented trust, security and the new national trust charter as strategic advantages.
The company is developing an AI-led product vision built around broader access to financial markets.

COIN, US19260Q1076, Illustration mit AI erstellt.

Cantor Fitzgerald reaffirmed its Overweight rating and USD 200 price target for Coinbase in a report published Thursday, November 12, 2026. The firm highlighted the exchange's trust and security profile as it expands beyond spot crypto trading, according to Investing.com.

Coinbase Global stock traded at 115.22 euros on Lang & Schwarz at 22:11 CET on Friday, November 13, 2026.

Trust Becomes Cantor's Central Thesis

Cantor's view followed a keynote by Coinbase co-founder and Chief Executive Brian Armstrong at Cantor Convergence. Armstrong said institutions are gravitating toward quality and described trust as a central advantage, supported by Coinbase's security practices and its new OCC national trust charter.

Armstrong also outlined a longer-term product strategy built around an everything exchange and an AI banker. Under that concept, a customer could state an investment thesis while an agent assembles the corresponding exposure. Cantor said the approach could build on Coinbase's liquidity, margin capabilities and broader product range.

Profit Quality Remains Important

Coinbase's third-quarter figures add complexity to the valuation debate. The company reported diluted GAAP earnings per share of USD 2.51, while a USD 715 million gain on crypto assets held for investment contributed to adjusted net income of USD 78 million, or USD 0.27 per share. Revenue reached USD 1.22 billion, down 35 percent from a year earlier, while adjusted EBITDA rose 60 percent from the previous quarter to USD 333 million.

Recent analyst views remain divided. Freedom Broker kept a Buy rating but lowered its target to USD 175, while Morgan Stanley cut Coinbase to Underweight and reduced its target to USD 120 because of a weaker earnings outlook. Canaccord lowered its target to USD 275, and BTIG retained a Buy rating with a USD 240 target.