I am upgrading Coinbase (COIN) to a buy due to its strong sales and earnings power, coupled with technical support on the chart. Despite recent stock volatility, COIN's forward P/E ratio is now under 20x, and it trades at a discount to its long-term price-to-sales ratio. Regulatory concerns and competition remain risks, but with high free cash flow and planned tech investments, COIN is positioned for growth.
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.
Coinbase COIN and Robinhood HOOD are two names that are discussed simultaneously when it comes to topics related to cryptocurrency. Both these stocks have been under the spotlight, given President Donald Trump's crypto favoritism.
Coinbase CEO Brian Armstrong says stablecoins should be able to pay interest to consumers, and that banks and crypto companies should be able to do the same. Language in the current proposed stablecoin legislation, both the House's STABLE Act and the Senate's GENIUS Act, specifies stablecoin issuers may not pay interest to users.
During the March 2025 rebalancing of the S&P 500 index, it was highly anticipated that the stock of cryptocurrency exchange Coinbase (NASDAQ: COIN) would join the list.
In the latest trading session, Coinbase Global, Inc. (COIN) closed at $172.23, marking a -0.98% move from the previous day.
Despite recent market turmoil, Coinbase's valuation has dropped significantly, making it a compelling dip to buy. I'm upgrading the stock to a buy rating. Altcoin prices have shown resilience relative to Bitcoin's sharper drop, which may mean Coinbase's trading revenue won't fall as much as feared. Continued innovation, such as Coinbase One Premium at $300/month and Bitcoin-backed loans, is driving growth in non-transactional recurring revenue streams.
While Coinbase Global Inc.'s COIN trading volumes have decelerated significantly, investors seem to be underestimating the potential of the company's non-trading revenue streams, according to Rosenblatt Securities.
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.
Coinbase stock price has crashed into a bear market this year as the crypto industry remains on edge, with most coins crashing. COIN shares plunged to a low of $176 this month, down by almost 50% from the year-to-date high.
Coinbase Global, Inc. (COIN) closed the most recent trading day at $190.38, moving +0.33% from the previous trading session.
A Coinbase Global Inc. COIN analyst views the stock as a balanced risk/reward opportunity for investors and long-term growth winner in the cryptocurrency sector.