Where Will Coinbase Stock Be in 5 Years?
(NASDAQ: COIN), one of the world's largest cryptocurrency exchanges, went public via a direct listing in April 2021. Its stock opened at $381, jumped as high as $429.54 during intraday trading, and ended its first day at $328.28. It went through some wild swings and eventually rose to its all-time high of $357.39 seven months later.
At the time, the buying frenzy in cryptocurrencies -- which was driven by low interest rates, social media buzz, and stimulus checks -- boosted Coinbase's trading volumes. But over the following two years, rising interest rates and other macro headwinds chilled the crypto market and drove the company's stock to a record low of $32.53 on Dec. 28, 2022.
Image source: Getty Images.
Source Fool.com
Coinbase Global Inc. Stock
€129.44
0.390%
Our community is currently high on Coinbase Global Inc. with 67 Buy predictions and 12 Sell predictions.
As a result the target price of 226 € shows a very positive potential of 74.6% compared to the current price of 129.44 € for Coinbase Global Inc..
