Can Coinbase Stock Turbocharge Your Portfolio?
During its brief history as a publicly-traded company, cryptocurrency exchange Coinbase Global (NASDAQ: COIN) has surpassed expectations by an incredible margin. For example, analysts believed the company would report earnings of $2.33 per share in the second quarter of 2021. Coinbase actually delivered earnings of $6.42, outperforming estimates by 176%.
But according to TipRanks, analysts are extremely divided on Coinbase stock, which trades at about $260 per share as of this writing. Price targets are as high as $500 and as low as $220. Clearly, Wall Street doesn't know what to make of this company.
Source Fool.com
