1 Wall Street Analyst Thinks Coinbase Global Stock Is Going to $240. Is It a Buy? [Yahoo! Finance]
Coinbase Global, Inc. - Class A (COIN)
US:NASDAQ Investor Relations:
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Source: Yahoo! Finance
So its stock price tends to move largely in concert with prices of those assets. But it can also attract bullish investors on its own when it delivers a blowout quarter, like it did at the beginning of May. Several analysts tracking the stock wasted little time raising their price targets on Coinbase stock after that event. One even feels the company's share price could zoom more than 41% higher. Is this realistic, or too pie-in-the-sky? A post-earnings lift H.C. Wainwright's Mike Colonnese upped his fair value estimation on the stock to $315 per share from his previous $300, while retaining a buy recommendation. That wasn't shocking given the company's first-quarter performance. Coinbase convincingly crossed the $1 billion revenue barrier for the first time with nearly $1.6 billion in sales. That was more than twice what Coinbase posted for the same period in 2023. Another impressive feat was the astonishing flip back to profitability. Net income was $1.2 billion (how's tha
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COIN
News
- The Mooch, Andrew Yang, and crypto's tipping point [Yahoo! Finance]Yahoo! Finance
- Bitcoin Breakout: 2 Top Ranked Stocks for the Next Leg Higher [Yahoo! Finance]Yahoo! Finance
- The Mooch, Andrew Yang, and crypto's tipping point [Fortune]Fortune
- Fund Managers Brace for SEC Rejection of Ether-ETF Applications [Yahoo! Finance]Yahoo! Finance
- Fund Managers Brace for SEC Rejection of Ether-ETF Applications [BNN Bloomberg (Canada)]BNN Bloomberg
COIN
Earnings
- 5/2/24 - Beat
COIN
Sec Filings
- 5/17/24 - Form 4
- 5/15/24 - Form 4
- 5/15/24 - Form 4
- COIN's page on the SEC website