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

JMP Securities analyst Devin Ryan has reiterated a Market Outperform rating on Coinbase Global (NASDAQ:COIN) and maintained a price target of $107.

Portfolio Pulse from richadhand@benzinga.com

August 17, 2023 | 12:09 pm

In the last quarter, Coinbase Glb (NASDAQ:COIN) received various analyst ratings, with 11 being bullish, 4 somewhat bullish, 6 indifferent, 5 somewhat bearish, and 1 bearish. The company's average price target is $87.22, with a high of $145.00 and a low of $27.00. This average price target has increased by 30.86% over the past month.

Portfolio Pulse from Benzinga Insights

August 17, 2023 | 12:01 pm

Needham analyst John Todaro has reiterated a 'Buy' rating on Coinbase Global (NASDAQ:COIN) and maintained a price target of $120.

Portfolio Pulse from richadhand@benzinga.com

August 17, 2023 | 10:50 am

The article lists the top 12 trending stocks on WallStreetBets as of August 16, 2023. The stocks include Nvidia (NVDA), Tesla (TSLA), Target (TGT), Apple (AAPL), Invesco QQQ Trust (QQQ), Walmart (WMT), Antero Midstream (AM), PayPal (PYPL), C3.ai (AI), Coinbase (COIN), Amazon (AMZN), and ProShares UltraPro Short QQQ (SQQQ).

Portfolio Pulse from Benzinga Newsdesk

August 16, 2023 | 7:46 pm

Elon Musk's X is accused of slowing traffic to sites criticized by him, including Instagram, owned by Meta Platforms Inc. Coinbase Global Inc has received federal approval for new futures offering. Tower Semiconductor Ltd's deal with Intel Corp has been terminated due to US-China tensions. Occidental Petroleum Corp is set to acquire Carbon Engineering Ltd for $1.1 billion. Emerson Electric Co is acquiring Flexim. Target Corp, TJX Companies Inc, and JD.com Inc have reported their Q2 earnings. Microsoft Corp's Game Pass is shaping the $60B gaming industry. Avis Budget Group Inc has been fined $275K for refusing to rent vehicles to customers without credit cards. Walgreens Boots Alliance Inc is facing a reopened lawsuit accusing it of Medicaid fraud.

Portfolio Pulse from Vandana Singh

August 16, 2023 | 2:01 pm

Coinbase Global Inc (NASDAQ:COIN) has received regulatory approval from the National Futures Association (NFA) to offer crypto futures on its platform. This makes Coinbase the first crypto-native platform to offer traditional crypto trading alongside regulated crypto futures. The news has led to a 2.87% increase in Coinbase shares, trading at $81.45.

Portfolio Pulse from Adam Eckert

August 16, 2023 | 12:54 pm

Cryptocurrency exchange Coinbase Global Inc (NASDAQ:COIN) has received approval to offer federally regulated crypto futures trading to eligible customers in the US. The approval comes after the company's application to the National Futures Association in September 2021. The move will allow Coinbase to tap into the global crypto derivatives market, which accounts for approximately 75% of crypto trading volume worldwide.

Portfolio Pulse from Murtuza Merchant

August 16, 2023 | 12:50 pm

Coinbase shares are trading lower despite the company receiving approval from the National Futures Association (NFA) to offer crypto futures.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2023 | 12:36 pm

Coinbase, a leading cryptocurrency exchange, has received approval from the National Futures Association (NFA) to offer crypto futures. This move could potentially attract more institutional investors to the platform.

Portfolio Pulse from Charles Gross

August 16, 2023 | 10:04 am

Cathie Wood's ARK Innovation ETF (ARKK) has traded lower every day in August, down more than 11% month-to-date. The fund's top holdings, including Tesla (TSLA), Roku (ROKU), Coinbase Global (COIN), Zoom Video Communications (ZM), and Block (SQ), have all seen significant drops in their stock prices. ARKK has sold more than 573,000 shares of ROKU and over 103,000 shares of TSLA in August.

Portfolio Pulse from Erica Kollmann

August 14, 2023 | 4:32 pm

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