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The market had forecast $1.36 earnings per share and Coinbase achieved more than three times that amount at $4.68. It’s incredibly rare to see a company smash forecasts on that grand a scale.
Coinbase (NASDAQ: COIN), one of the world's largest cryptocurrency exchanges, went public via a direct listing in April 2021. Its stock opened at $381, jumped as high as $429.54 during intraday ...
However, of the 27 analysts following the stock — who collectively give it a consensus “buy” rating — the average 12-month price target is $99.91, or about 27% above current levels ...
For 2024, analysts expect Coinbase's revenue to rise 90% to $5.9 billion as declining interest rates, President Trump's victory, and the growing adoption of Bitcoin, Ethereum, and other top ...
These funds manage actual Bitcoin portfolios, usually with the help of the Coinbase (NASDAQ: COIN) Prime crypto-asset custodial service. Buying shares of these ETFs is for all intents and purposes ...
Bitcoin recently climbed to a record high, and many investors are taking another look at cryptocurrency as an investment vehicle. While the long-term outlook for crypto remains unclear, it appears ...
*Stock Advisor returns as of September 9, 2024. RJ Fulton has positions in Bitcoin, Coinbase Global, and Ethereum. The Motley Fool has positions in and recommends Bitcoin, Coinbase Global, and ...
See the 10 stocks » But can Coinbase continue its upward trajectory, increase 14-fold in value, and become the first trillion-dollar cryptocurrency stock by 2040?