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Coinbase shifts focus beyond Bitcoin as shares drop, eyeing $300 target with new revenue streams and cost cuts.

Market News
01 Oct 2026
24/7 Wall Street
View Source
Bullish
Coinbase shifts focus beyond Bitcoin as shares drop, eyeing $300 target with new revenue streams and cost cuts.

Coinbase shares have fallen nearly 40% from their peak as CEO Brian Armstrong transforms the company into an "everything exchange," reducing reliance on Bitcoin-related revenue from over 50% to 12%. Despite recent earnings misses and a cautious Wall Street outlook with a consensus price target around $207, Coinbase aims for $300 in 2027 through market share gains, new revenue streams like prediction markets and subscriptions, cost reductions, and stablecoin growth. Achieving this depends on a crypto market rebound and improved earnings estimates. The company’s strong market position and diversified revenue could drive significant gains if crypto activity recovers.

Coinbase Global, Inc. (COIN) holds a market cap of $49.18 billion as of October 1, 2026, 20:04 WIB, with a daily trading volume of 8,331,805 shares on Pluang. The stock price stands at $187.00, showing a slight increase of 0.32% on the day. Pluang investors typically hold COIN shares for about 78 days, with current order activity favoring buys at 68%.

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