Coinbase Stock to Hit $300 or $800 by 2031: Analysts Weigh In

Coinbase's stock has had its share of wild swings since its direct listing in 2021, but investors are now looking to the long-term picture. The company's recent Q1 2026 results may have been disappointing, with a net loss of $394 million and revenue of $1.43 billion, but its expansion into new areas is paying off.

Coinbase has been building out a stack of businesses alongside its core exchange, including stablecoins, derivatives, institutional services, payments, and its Ethereum Layer 2 blockchain, Base. The acquisition of Deribit has given the company a stronger foothold in derivatives, while its prediction markets business is already generating significant revenue.

Analysts are predicting that Coinbase could generate around $12 billion in annual revenue by 2031 under a base-case scenario. This would put the stock price near $300, based on current earnings per share and a multiple of 32 times earnings. However, there are also bear and bull cases to consider, with the potential for the stock to drop to $20-$50 or rise above $800.