Coinbase Q3 Earnings Preview: Revenue Streak On The Line As Bitcoin Nears All-Time Highs
Portfolio Pulse from Chris Katje
Coinbase Global (NASDAQ:COIN) is set to report its Q3 earnings with expectations of significant revenue and EPS growth, coinciding with Bitcoin trading near all-time highs. Analysts have a positive outlook, with some maintaining high price targets for the stock.
October 29, 2024 | 9:19 pm
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Coinbase is expected to report strong Q3 earnings with revenue of $1.25 billion and EPS of 43 cents, coinciding with Bitcoin's high prices. Analysts have a positive outlook, with some maintaining high price targets.
Coinbase's earnings report is highly anticipated due to its streak of beating estimates and the current high price of Bitcoin, which could positively impact its transaction revenue. Analysts have reiterated buy ratings and high price targets, indicating a positive short-term outlook.
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