What's Going On With Coinbase Shares Today?
Portfolio Pulse from Erica Kollmann
Coinbase Global, Inc. (NASDAQ:COIN) shares are trading higher despite a drop in Bitcoin's price. Analysts expect Coinbase to report strong earnings, and the stock has a positive outlook with a 12-month price target of $256.81. Coinbase is set to report its second-quarter results on Aug. 1.
July 22, 2024 | 6:54 pm
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POSITIVE IMPACT
Coinbase shares are trading higher despite a drop in Bitcoin's price. Analysts expect strong earnings and have a positive outlook with a 12-month price target of $256.81. The stock is up 159.16% year-to-date.
Despite Bitcoin's slight retreat, Coinbase shares are trading higher, indicating investor confidence. Analysts have a positive outlook with a high price target, and the company has consistently beaten earnings expectations.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100