Summary:
- ⚈ Coinbase stock jumped 9.34% after news of S&P 500 inclusion
- ⚈ Wall Street average 12-month price target now stands at $255.10
- ⚈ Several analysts raised targets following crypto rally and trade deal news
Coinbase (NASDAQ: COIN) flew high in the night between May 12 and May 13, 2025, as the world’s biggest publicly-traded cryptocurrency exchange is set to join the S&P 500. COIN shares’ extended session rally, which amounts to 9.34% by press time on Tuesday and has taken equity from its latest closing price of $207.22 to $226.57, is even threatening to invalidate the already-bullish Wall Street 12-month COIN forecasts.
The analysts represented on the stock analysis platform TipRanks see Coinbase as a moderate ‘buy’ on average, with 11 positive recommendations, 12 neutral experts, and no ‘sell’ ratings. The cautiously positive outlook is also evident in the price targets, with Canaccord assigning the highest, $400, on May 9 and the lowest predicting a fall to $169. Most interestingly, however, is the average price target. As it stands at $255.10, it would have taken a 23.11% rally to be met at the time the evening bell rang on May 12. At press time on May 13, it is a mere 12.59% away.
The situation with the average forecasts also highlights an important aspect of the COIN stock analyst forecast: it is relatively out of date given the latest developments. By press time on May 13, five revisions had been issued after the latest momentous developments, such as the trade talks between the U.S. and China, Bitcoin’s establishing itself above $100,000 with some firmness, and Coinbase’s imminent joining of the S&P 500 benchmark index. On May 12, both Rosenblatt Securities and Needham reaffirmed their previous ‘buy’ ratings, with the former confirming the price target at $260 and the latter lowering it from $330 to $270. Compass Point changed its recommendation from ‘sell’ to ‘neutral’ on the same day while sticking to its $195 forecast for COIN shares. Both Barclays and Goldman Sachs (NYSE: GS) confirmed they remain ‘neutral’, although both raised the price target. In Barclays’ opinion, Coinbase stock is set to climb to $202 in the coming 12 months, and not to $169 as previously predicted. On the other hand, Goldman sees COIN rallying to $209 instead of $189.
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