Coinbase Global (COIN) reported earnings 30 days ago. What's next for the stock?
Coinbase reported strong Q3 earnings driven by increased transaction volumes, highlighting its growth potential amid rising Bitcoin prices. Coinbase's diversified revenue streams and significant year-over-year growth in consumer and institutional trading volumes underscore its profitability and financial strength. Due to Bitcoin's high market dominance, a rising BTC price will likely pull up the entire cryptocurrency market.
Zacks.com users have recently been watching Coinbase Global (COIN) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Coinbase Global (COIN) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
Coinbase Global (COIN) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Coinbase, Robinhood Markets and Interactive Brokers are included in this Analyst Blog.
COIN's efforts to accelerate growth, increase market share and continue innovation poise it well for growth, but its weak return on capital keeps us cautious.
The resounding Trump election victory and the Republican "mandate" will dramatically impact stocks like GEO Group, Coinbase, and Tesla.
President-Elect Donald Trump reportedly is meeting with Coinbase CEO Brian Armstrong to discuss the incoming administration's personnel appointments. The meeting would mark the first time they have met since the day of the election, the Wall Street Journal (WSJ) reported Monday (Nov. 18), citing unnamed sources.
Recently, Zacks.com users have been paying close attention to Coinbase Global (COIN). This makes it worthwhile to examine what the stock has in store.
Tom Yeung here with your Sunday Digest. Last week, I recommended five stocks to buy in 2025 on a Donald Trump election victory.
3 Must-Know Facts About Coinbase Before Buying the Stock