Coinbase Global Inc Ordinary Shares - Class A

COIN: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Coinbase: Increasing Our Fair Value Estimate to $168 From $150 on Higher Cryptocurrency Prices

Michael Miller

Sep 15, 2026

Cryptocurrency markets had a poor start to 2026, and falling valuations drove Coinbase back into unprofitability in the first half of 2026. However, as cryptocurrency markets have partially recovered, the firm's prospects have improved in recent months.

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Coinbase Global Inc Ordinary Shares - Class A

Coinbase: Increasing Our Fair Value Estimate to $168 From $150 on Higher Cryptocurrency Prices

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