Where Will Coinbase Stock Be In The Next 3 Years?

Bullish analysts predict strong growth for Coinbase over the next three years.
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In February, Coinbase wowed analysts and investors with a consensus-beating fourth-quarter report. But COIN stock is still down double digits this year as economic uncertainty takes hold in the U.S.
The leading crypto exchange has some good things going for it, including an expanding business model and a crypto-friendly U.S. president. Can Coinbase leverage these factors to rise up and pay handsome returns by 2028? Let's review the company's current state and analysts' expectations to find out.
Coinbase’s History So Far
Coinbase stock listed on the Nasdaq as COIN in April 2021. The opening price was $381 per share. COIN rose to $429.54 during the first trading day but closed lower at $328.28.
Today, Coinbase trades for about $178. COIN stock had a rough 2022 as cryptocurrency prices fell, stifling trading activity. In December of that year, the share price had dropped as low as $31.83. The crypto exchange stock has since made a rocky climb back to the current trading price—which is about half its opening IPO value.
Coinbase And The Crypto Market
Coinbase revenues come from trading fees, subscriptions and services. The trading fee revenue grows and dips with crypto prices. Higher crypto prices encourage more revenue-generating transactions for Coinbase, while falling crypto prices do the opposite.