Coinbase (NASDAQ: COIN) stock has claimed the top spot among the S&P 500 (SPY) constituents over the past three months, surging approximately 134% during this period.
Coinbase Global (COIN) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Five financial services stocks -- COIN, WRB, NTRS, GS and SCHW -- outpace the S&P 500 in 1H25 on strong fundamentals and strategic shifts.
COIN doubled its 2024 marketing spend to fuel user growth, asset retention, and surging trading volumes across its platform.
COIN leans into tech investment to fuel growth, enhance security, and outpace fast-evolving crypto market trends.
Coinbase stock price has surged by over 140% from its level in April, and is now hovering at its highest level since 2021 when it surged to its all-time high. Its market capitalization has jumped to over $90 billion, making it one of the top financial services companies in the US.
At first glance, Coinbase appears to be a play on crypto prices. Company profits and the stock price have been behaving that way. COIN started in 2012 as a bitcoin exchange and since then has added more coins to its trading repertoire and a lot more capabilities for its users. But the company has bigger visions. It says crypto is “eating financial services” and that it's number one in crypto.
Coinbase Global, Inc. (COIN) reached $353.3 at the closing of the latest trading day, reflecting a -5.81% change compared to its last close.
The cryptocurrency-trading platform is expected to put up big numbers through 2027 at least.
The cryptocurrency exchange hit a record high Thursday before giving back some gains.
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.
Shares in cryptocurrency firms Coinbase Global Inc (NASDAQ:COIN) and Circle jumped after US markets closed on Thursday, lifted by renewed interest in the stablecoin sector and growing expectations of interest rate cuts in the United States. Circle, which only listed on Nasdaq earlier this month, rose 7.6% after rebounding from a sharp sell-off earlier in the week.