Mizuho Lifts Coinbase (COIN) Price Target, Keeps Neutral Rating

Coinbase Global, Inc. (NASDAQ:COIN) is 1 of the 15 Best Aggressive Growth Stocks to Buy Right Now. On November 3, Mizuho accrued its terms people connected Coinbase Global, Inc. (NASDAQ:COIN) from $300 to $320 but kept a Neutral rating.

This update came aft the institution shared coagulated results for its 3rd 4th of 2025. Institutional trading gross improved, supported by the acquisition of Deribit and merger integration.

Coinbase Global, Inc.’s (NASDAQ:COIN) stablecoin gross accrued 44% year-over-year. This maturation was driven by increasing USDC balances and USDC marketplace capitalization. Off-platform gross accounted for astir 55% of the company’s stablecoin gross for the quarter.

Despite this, Mizuho is inactive cautious astir Coinbase Global, Inc.’s (NASDAQ:COIN) future. The probe steadfast highlighted imaginable risks to the company’s precocious retail instrumentality rates due to the fact that of increasing competition.

Mizuho is besides acrophobic astir Coinbase Global, Inc.’s (NASDAQ:COIN) expanding dependence connected USDC, which present accounts for astir 20% of the company’s full revenue. This reliance could beryllium a problem, particularly if involvement rates autumn and contention successful the stablecoin marketplace grows stronger.

Coinbase Global, Inc. (NASDAQ:COIN) is an American institution that operates a level for radical and institutions to prosecute with crypto. It allows users to buy, sell, transfer, trade, stake, and store cryptocurrency assets.

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Disclosure: None. This nonfiction is primitively published astatine Insider Monkey.