COIN Has Already Had Its Big Run. What Comes Next?

Coinbase shares have been cut nearly in half from their peak while Brian Armstrong quietly reshapes the entire business around what comes after Bitcoin dominance. Whether that transformation adds up to a $300 stock depends on a few things falling…

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Coinbase’s co-founder and chief executive, Brian Armstrong, has spent 2026 turning Coinbase (NASDAQ:COIN | COIN Price Prediction) into what he calls an “everything exchange.” Transactions tied to Bitcoin (CRYPTO:BTC) used to bring in more than half of revenue. Today they make up 12% of the business.

On the Q2 call, Armstrong described the strategy this way: “You’ve got to have all the shelves stocked so you have the inventory when that thing trends that week.”

At $190.18, shares are down 15.9% year-to-date and 39.16% over the past year, far below the 52-week high of $402.16. Crypto volatility fell to multi-year lows, and spot volume dropped with it. For Coinbase to reach $300 in 2027, several things need to align.

Wall Street Sees Only Modest Upside, but Revenue Forecasts Point Higher

The consensus price target of $207.10 means about 9% upside. Coinbase has missed revenue estimates in each of the last three quarters. In Q2 it reported EPS of -$1.36, well short of the -$0.2278 analysts expected. The 2027 EPS estimate has dropped to $2.8352, versus $4.9083 90 days earlier.