Streetbeat News

COIN

Coinbase Global, Inc.

https://www.coinbase.com

Industry

Software - Application

Coinbase Global, Inc. provides financial infrastructure and technology for the cryptoeconomy in the United States and internationally. The company offers the primary financial account in the cryptoeconomy for retailers; a marketplace with a pool of liquidity for transacting in crypto assets for institutions; and technology and services that enable ecosystem partners to build crypto-based applications and securely accept crypto assets as payment. Coinbase Global, Inc. was founded in 2012 and is based in Wilmington, Delaware.

Open

282.51

Mkt cap

77B

Volume

18M

High

306.45

P/E Ratio

52.02

52-wk high

334.86

Low

276.02

Div yield

N/A

52-wk low

94.90

Piper Sandler analyst Patrick Moley maintains an Overweight rating on Robinhood Markets (HOOD) with a $27 price target, citing new trading features and expected revenue growth. Coinbase (COIN) is rated Neutral with a $245 price target, driven by increased trading volumes and higher crypto prices.

Portfolio Pulse from Anusuya Lahiri

October 08, 2024 | 6:04 pm

Crypto.com has initiated legal action against the SEC after receiving a Wells notice, accusing the SEC of overstepping its jurisdiction by classifying most crypto trades as securities. This lawsuit highlights ongoing tensions between the crypto industry and regulatory bodies.

Portfolio Pulse from Khyathi Dalal

October 08, 2024 | 4:30 pm

Wealthy investors are showing a bearish stance on Coinbase (NASDAQ:COIN) with significant options activity. The sentiment is split with 39% bullish and 50% bearish. The options activity suggests a price window of $150 to $210. COIN's current price is $169.04, with a consensus target of $175.

Portfolio Pulse from Benzinga Insights

October 08, 2024 | 2:16 pm

Barclays analyst Benjamin Budish maintains an Equal-Weight rating on Coinbase Global (NASDAQ:COIN) and raises the price target from $169 to $175.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 7:19 pm

Coinbase Glb (NASDAQ:COIN) has seen a surge in options activity, with a mix of bullish and bearish sentiment among big-money traders. The options trades include 17 puts and 81 calls, with a focus on a price range between $2.5 and $500.0. The current market price of COIN is $171.12, with RSI indicators suggesting it may be overbought. The next earnings report is expected in 24 days.

Portfolio Pulse from Benzinga Insights

October 07, 2024 | 5:00 pm

Several large-cap stocks, including Humana, Stellantis, and Coinbase, experienced significant declines last week due to various factors such as performance updates, sales declines, and regulatory issues.

Portfolio Pulse from Lekha Gupta

October 06, 2024 | 5:13 pm

Coinbase Global Inc. shares rose after announcing adjustments to its service offerings to comply with new European regulations. The company plans to delist certain stablecoins for EEA users that don't meet the EU's MiCA standards, with full implementation by December 2024. This proactive regulatory alignment, along with broader market conditions, contributed to the stock's rise.

Portfolio Pulse from Vaishali Prayag

October 04, 2024 | 7:49 pm

Coinbase Global shares are rising as the company plans to restrict services related to Stablecoins that do not comply with MICA European regulations.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2024 | 4:57 pm

Coinbase has announced it will restrict services related to stablecoins that do not comply with the Markets in Crypto-Assets (MICA) requirements for users in the European Economic Area.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2024 | 12:50 pm

Franklin Templeton has filed for SEC approval to launch a new ETF that tracks Bitcoin and Ethereum, expanding its crypto offerings. The ETF will be traded on the CBOE, with BNY Mellon and Coinbase as custodians.

Portfolio Pulse from Murtuza Merchant

October 03, 2024 | 6:11 pm

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