Coinbase Global Inc. (NASDAQ:COIN) is one of the best NASDAQ stocks to buy in 2026. On December 29, Needham analyst John Todaro lowered the firm’s price target on Coinbase to $290 from $400 and maintained a Buy rating on the shares.
Additionally, on December 22, Coinbase Global Inc. (NASDAQ:COIN) announced its acquisition of The Clearing Company to accelerate the platform’s expansion into prediction markets and equities trading. By acquiring its own derivatives clearinghouse, Coinbase aims to solidify its transition into an “Everything Exchange,” complementing its existing CFTC-approved derivatives exchange and its recently launched prediction market features.
The Clearing Company, while not yet operational, applied for Commodity Futures Trading Commission/CFTC approval in November 2024 to function as a registered clearinghouse. The startup is technically distinct for its use of digital ledger technology to clear and settle trades using stablecoins, a method that facilitates near-instant settlement. This infrastructure is considered critical market plumbing that is essential for the high-frequency nature of prediction markets.
Coinbase Global Inc. (NASDAQ:COIN) operates a platform for crypto assets. It offers the primary financial account in the crypto economy for consumers, a brokerage platform with a pool of liquidity across the crypto marketplace for institutions, and a suite of products granting access to build on-chain for developers.
While we acknowledge the potential of COIN as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.
