Is Coinbase Global Stock a Buy?
Coinbase Global (NASDAQ: COIN), one of the world's largest cryptocurrency exchanges, posted its first quarter report on May 2. Its revenue rose 112% year over year to $1.64 billion and beat analysts' estimates by $300 million. Its EPS of $4.40 also cleared the consensus forecast by $3.33 and improved from its net loss of $0.34 per share a year earlier.
Coinbase's growth rates look healthy, but does its stock still have room to run after rallying more than 330% over the past 12 months? Let's review its recent tailwinds, upcoming challenges, and valuations to find out.
Image source: Getty Images.
Source Fool.com
Coinbase Global Inc. Aktie
130,70 €
3,17 %
Mehr Buy- als Sell-Zahlen bei Coinbase Global Inc. zeigen ein leicht positives Sentiment.
Ein prognostiziertes Kursziel von 224 € für Coinbase Global Inc. zeigt ein Potenzial von über 50% im Vergleich zum aktuellen Kurs von 130.7 €.
