Coinbase's stock price has been declining, down 29.34% year to date, despite its strong fundamentals and efforts by CEO Brian Armstrong to build an 'Everything Exchange'.
The company's shares currently trade at around $159.78, with a beta of 3.32, indicating that they move about three times the market. The crypto cycle has turned, and Coinbase is a high-beta proxy for it, with its stock price down 20.82% over the past month and 33.71% over the past year.
Coinbase's Q1 2026 revenue fell 30.54% year over year to $1.413 billion, missing consensus, and the company posted a $394 million net loss after $482 million in losses on crypto held for investment. However, analysts are optimistic about Coinbase's prospects, with Wall Street seeing a 44% upside and our model putting the 12-month target at $254.73, a 59.43% upside.