Bank of America has raised its revenue estimates for Coinbase Global Inc (NASDAQ:COIN) ahead of the crypto exchange's second-quarter results, but warned that weaker trading volumes and ongoing pressure on transaction revenue could weigh on earnings. The bank maintained its “Hold” rating on the stock and increased its price target to $405 from $260.
COIN's Q2 results may get a lift from surging trading volumes, rising crypto prices and gains in U.S. derivatives markets.
If you bought Coinbase's stock two months ago when Monness Crespi Hardt analyst Gus Gala recommended it, you should take the profit now, he said.
COIN's broader revenue streams and strategic U.S. focus may offer steadier returns than CRCL's stablecoin-centric model.
Coinbase Global (COIN) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
The three crypto related stocks in this analysis all look like they are trying to rally over the longer- term, but the outlier for the session is Circle, which makes sense because it is recovering from the recent IPO volatility.
Coinbase Global, Inc. (COIN) closed the most recent trading day at $413.63, moving 1.47% from the previous trading session.
Coinbase Global (COIN) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Coinbase CEO Brian Armstrong discusses the recent passage of new crypto legislation and what it will mean for the sector as a whole.
The US House of Representatives on Thursday passed the the GENIUS Act, the first federal legislation to create a regulatory framework for stablecoins. Stablecoins are cryptocurrencies tied to stable assets such as the US dollar to maintain a fixed value, designed to function as reliable instruments for payments and financial services.
Faryar Shirzad, Coinbase chief policy officer, discusses how stablecoins will create a "payment revolution" as a result of the GENIUS Act.
In the most recent trading session, Coinbase Global, Inc. (COIN) closed at $394.01, indicating a +1.8% shift from the previous trading day.