Coinbase's first-quarter performance is likely to have benefited from increased trading volume due to higher volatility.
Beyond analysts' top -and-bottom-line estimates for Coinbase Global (COIN), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended March 2025.
Coinbase Global (COIN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
The latest trading day saw Coinbase Global, Inc. (COIN) settling at $206.13, representing a +0.42% change from its previous close.
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.
Let us delve deeper to find out what to do with COIN stock now.
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.
Coinbase Global, Inc. (COIN) closed at $176.58 in the latest trading session, marking a +0.62% move from the prior day.
US President Donald Trump has signed a law overturning a contentious tax rule introduced in the final days of the Biden administration that expanded the definition of a broker to include decentralised cryptocurrency exchanges. The Internal Revenue Service (IRS) had updated its reporting guidelines to include DeFi platforms, requiring them to report user transactions.
Coinbase has seen heightened volatility but posted strong 2024 growth, with revenues up 143% and net income up 373%. The subscription and services segment grew 70.8% YoY, showing high margin potential and reliability, akin to Apple's services revenue. The subscription and services business is worth the entire market cap.
Coinbase's stock has erased its post-election gains, but early technical bottoming signs and strong fundamentals make it an attractive buy opportunity. Technical analysis shows bearish trends, but positive divergence in indicators suggests a bottom is near, with declining bearish momentum. Q4 earnings were strong, and Q1 is expected to be healthy despite some growth moderation, indicating robust financial performance.
Coinbase reported a stellar Q4-24 with revenue just under $2.2 billion, significantly beating analyst expectations and my own estimates. Despite a 40% stock drop, I now see COIN as a compelling long-term investment, driven by stablecoin growth and diversified transaction revenue. Q4-24 saw a surge in transaction revenue from 'other crypto assets,' reducing reliance on Bitcoin and Ethereum, and boosting retail volume.