Argus Downgrades Coinbase (COIN) to Hold Due to Significant Valuation Issue, Trading at 39x Forward Earnings

2 days ago 5

Maham Fatima

Fri, November 28, 2025 astatine 10:57 AM CST 2 min read

Coinbase Global Inc. (NASDAQ:COIN) is 1 of the most promising stocks with immense upside potential. On November 25, Argus expert Kevin Heal downgraded Coinbase to Hold from Buy with nary terms target. The institution stands arsenic the apical cryptocurrency trading platform, and its dollar-backed stablecoin, USDC (which is the world’s second-largest), is maintaining beardown growth. However, Heal noted a important valuation issue: the banal is presently trading astatine 39x its expected guardant earnings, substantially higher than the 24x to 27x multiples observed for competing exchanges.

In different news, the company’s Q3 2025 net study disclosed that Coinbase Global experienced a full trading measurement of $295 cardinal successful the quarter, which was sequentially up 24%. Consumer trading measurement specifically grew 37% to $59 billion, outperforming the US spot markets.

Argus Downgrades Coinbase (COIN) to Hold Due to Significant Valuation Issue, Trading astatine 39x Forward Earnings

The institution reported a full gross of $1.9 cardinal successful Q3, which was a sequential emergence of 25%. Net income stood astatine $433 million, fueled by some transaction and subscription revenues. Transaction gross reached $1.0 billion, up 37%, with user transaction gross astatine $844 million, up 30%. Furthermore, the institution successfully grew its Subscription and Services gross to $747 million, an summation of 14%, contributing to wide fiscal growth.

Coinbase Global Inc. (NASDAQ:COIN) operates a level for crypto assets successful the US and internationally.

While we admit the imaginable of COIN arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you’re looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

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Disclosure: None. This nonfiction is primitively published at Insider Monkey.