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

Over the past 3 months, 7 analysts have published their opinion on Coinbase Glb (NASDAQ:COIN) stock. The average price target is $78.43, representing a 10.37% decrease from the previous average price target of $87.50. The ratings include 1 bullish, 2 somewhat bullish, 1 indifferent, and 3 somewhat bearish.

Portfolio Pulse from Benzinga Insights

November 07, 2023 | 7:00 pm

Wedbush analyst Moshe Katri has reiterated an Outperform rating on Coinbase Global (NASDAQ:COIN) and maintained a price target of $110.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 4:20 pm

Coinbase Global Inc (NASDAQ:COIN) has announced that it will be completely removing support for Bitcoin SV (CRYPTO: BSV). If users fail to withdraw their BSV funds, any remaining BSV in their Coinbase accounts will be liquidated. This decision came after BSV's underlying blockchain suffered a “51% attack,” causing the network to become unstable. Since then, Coinbase users have been unable to buy or sell BSV, although they can still hold the cryptocurrency in their wallets on the platform.

Portfolio Pulse from Mehab Qureshi

November 07, 2023 | 3:54 am

Analysts have maintained their ratings on Coinbase Global Inc (NASDAQ:COIN) following its Q3 FY23 results, which beat consensus estimates. The company reported a revenue of $674 million, down 5% Q/Q. Analysts are optimistic about the company's future, citing potential drivers such as the approval of a Bitcoin ETF and the launch of derivative products. However, some analysts expect a muted stock reaction due to the recent rally in the stock and the magnitude of the top line beat being less than in Q2.

Portfolio Pulse from Lekha Gupta

November 03, 2023 | 5:51 pm

The article lists the top 10 trending stocks on WallStreetBets as of November 3, 2023. The stocks include Apple Inc. (AAPL), Nvidia Corporation (NVDA), Tesla Inc. (TSLA), FuboTV Inc. (FUBO), C3.ai Inc. (AI), Carvana Co. (CVNA), Square Inc. (SQ), Amazon.com Inc. (AMZN), Coinbase Global Inc. (COIN), and AMC Entertainment Holdings Inc. (AMC).

Portfolio Pulse from Benzinga Newsdesk

November 03, 2023 | 1:12 pm

Several US stocks traded lower in Friday's pre-market session. BILL Holdings Inc shares tumbled 33.6% after the company reported Q1 results and lowered its FY24 revenue outlook. Fortinet Inc shares declined 24% after reporting mixed Q3 results and issuing FY23 revenue guidance below estimates. Fox Factory Holding Corp shares dipped 17.1% after reporting downbeat Q3 results and a weak Q4 forecast. Other companies that saw a decline in shares include reAlpha Tech Corp, Lumen Technologies Inc, Opendoor Technologies Inc, Alpine Immune Sciences Inc, Zscaler Inc, Palo Alto Networks Inc, Apple Inc, and Coinbase Global Inc.

Portfolio Pulse from Lisa Levin

November 03, 2023 | 9:20 am

Coinbase Global Inc (NASDAQ:COIN) reported Q3 total revenue of $674 million, beating the Street consensus estimate of $653.19 million. However, this was a 5% decrease from the previous quarter. Net revenue was $363 million, down 6% quarter-over-quarter. Bitcoin and Ethereum represented 38% and 19% of trading volume respectively. The company's shares were down 3.31% after-hours.

Portfolio Pulse from Chris Katje

November 02, 2023 | 9:17 pm

Coinbase Global has projected its Q4 2023 subscription and services revenue to be approximately flat on a quarter-over-quarter basis.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 9:13 pm

Coinbase shares are trading lower following the release of the company's Q3 financial results.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 8:52 pm

Cathie Wood's ARK family of funds added over $700 million in assets under management (AUM) in a single trading session, marking her best day of the year. This surge followed the Federal Reserve's decision to maintain interest rates, leading to a market relief rally. The ARKK Innovation ETF rose over 8%, increasing its AUM by $500 million. Other ARK ETFs also saw robust gains. Stocks contributing to the ARK Innovation ETF’s performance included Roku, Coinbase Global, Shopify, Tesla, and UiPath.

Portfolio Pulse from Piero Cingari

November 02, 2023 | 8:42 pm

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