Citigroup Raises Coinbase Price Target to $505
Citigroup has significantly boosted its price target for Coinbase (NASDAQ: COIN), from $270 to $505. This represents over 30% upside from the stock’s closing price of $379.49 on July 28.
The investment bank maintained its Buy rating on Coinbase, citing strong fundamentals, favorable regulatory developments, and growing investor confidence in digital assets.
Coinbase Gains Momentum From S&P 500 Inclusion
One of the key reasons behind the revised target is Coinbase’s recent inclusion in the S&P 500 index. As the only crypto-focused company in the index, Coinbase is now officially part of Wall Street’s most influential benchmark.
The S&P 500 includes large-cap tech and finance leaders. For Coinbase, the inclusion signals that institutional investors now view it as a mainstream financial asset.
Regulatory Tailwinds Support Coinbase’s Valuation
Citigroup also cited progress on U.S. crypto regulation as a bullish catalyst. The advancement of the GENIUS and CLARITY Acts gives investors a clearer framework for the crypto industry.
With Coinbase leading the U.S. market in spot and derivatives trading, the passage of these bills may reduce legal uncertainty and strengthen its long-term growth outlook.
Q2 Earnings Report Could Surprise to the Upside
Coinbase will release its Q2 2025 earnings after market close on July 31. The Q1 report showed $2 billion in revenue and $66 million in net income — a solid performance amid market volatility.
According to Zacks Investment Research, Coinbase is expected to beat Wall Street’s Q2 earnings estimates. Zacks gave the company a +12.05% Earnings ESP, implying a likely earnings beat.
Multiple Growth Drivers Behind Coinbase’s Surge
Analysts point to several factors driving Coinbase’s recent performance:
- Increased trading volumes
- Strong crypto market conditions
- Expanded product offerings
- Enhanced global footprint
- Strategic acquisition of Deribit
Each of these developments has positioned Coinbase for improved revenue diversification and broader market leadership in both retail and institutional crypto trading.
Investor Confidence Rising in Coinbase and Crypto
The sharp increase in Coinbase’s stock price over the past months reflects growing institutional trust in the crypto economy. As macro conditions stabilize and crypto prices rebound, more capital is flowing back into the sector.
Citigroup’s bullish call reinforces this narrative — suggesting that Coinbase could lead the next wave of crypto-financial integration on Wall Street.
What’s Next for Coinbase Investors?
With S&P 500 status secured and regulation improving, Coinbase may benefit from further fund inflows and long-term support from large asset managers.
Still, volatility remains a factor. The upcoming earnings release could either confirm bullish momentum or introduce new challenges, depending on margins and market share trends.