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. Stock
€126.72
-10.510%
Currently there is a rather positive sentiment for Coinbase Global Inc. with 66 Buy predictions and 13 Sell predictions.
With a target price of 228 € there is a hugely positive potential of 79.92% for Coinbase Global Inc. compared to the current price of 126.72 €.
