COIN Soars to $419 High: Is Coinbase Stock Still Worth the Hype?

July 18, 2025: Coinbase stock (Coinbase Global Inc., NASDAQ: COIN) has just hit a new 52-week high, touching $419.94 and pushing its market cap to an impressive $104.62 billion, according to InvestingPro. The crypto exchange giant is enjoying a 76.11% one-year return, backed by 76.45% revenue growth and robust financial metrics — signaling powerful momentum in the digital asset space.

Investor enthusiasm for cryptocurrencies, coupled with Coinbase’s strategic expansion, continues to drive COIN’s rally. Recent analyst activity reflects this optimism: Rosenblatt raised its price target to $470, citing Bitcoin’s record run and Coinbase’s S&P 500 inclusion. Compass Point followed suit with a $330 target, praising Coinbase’s integration with decentralized exchanges to counteract slowing retail activity. Meanwhile, Argus initiated coverage with a Buy rating and a $400 target.

Also Read: RKLB Stock Skyrockets 770%: Will Neutron Rocket Keep the Rally Alive?

But there’s more — Coinbase has just made its sixth acquisition of 2025, bringing in the leadership team from blockchain derivatives platform Opyn. This move strengthens Coinbase’s on-chain capabilities as it leans further into blockchain innovation.

In regulatory news, a new U.S. House bill expanding CFTC authority over crypto may offer much-needed clarity — and Coinbase stands to benefit.

Despite the gains, InvestingPro warns COIN might be overvalued at current levels, offering 16 ProTips for cautious investors. While Coinbase remains a top player in the crypto arena, some wonder if the rally has run too far — or if COIN still has room to climb.