Coinbase (NASDAQ: COIN) stock has claimed the top spot among the S&P 500 (SPY) constituents over the past three months, surging approximately 134% during this period.
Shares of the crypto exchange closed at $151.47 on April 8, 2025, and have since surged to $354.17 as of publication time on July 8, outperforming every other name in the index.
Market on April 8
On April 8, U.S. equity markets were still reeling from a major sell-off sparked by the Liberation Day tariffs.
But things turned around fast. The next day, President Trump announced he’d pause any new tariffs for 90 days. The news sent the S&P 500 soaring 9.5% – its biggest single-day jump since 2008.
From there, despite the tariff-induced yippy reaction, markets kept climbing thanks to the Fed’s more dovish tone and stronger-than-expected tech earnings.
Large-cap tech continued to lead the charge, though few could match the extraordinary momentum of Coinbase. Over the three months, the index itself rose approximately 6.3% from early April, currently trading at $6,234,
Coinbase price forecast
Despite its explosive rally, Wall Street analysts remain divided about the future of COIN stock. Based on 23 analyst ratings over the past three months, Coinbase holds a “Moderate Buy” consensus, with 13 “Buy” ratings, 10 “Hold” ratings, and 0 “Sell” ratings.
The average 12-month price target stands at $299.47, suggesting a potential 15.83% downside from the current price of $355.80. From all 23 ratings, forecasts range from a high of $510.00 to a low of $190.00.
Featured image via Shuttertsock.
