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
€231.55
0.460%
Our community is currently high on Coinbase Global Inc. with 31 Buy predictions and 16 Sell predictions.
However, we have a potential of -41.27% for Coinbase Global Inc. as the target price of 136 € is below the current price of 231.55 €.
