US EditionCoinbase Stock At 40% Safety?
- Coinbase Global reported $2.03 billion in revenue for the latest quarter, marking a 24.2% year-over-year increase but missing analyst estimates of $2.22 billion.
- The stock rose 23% last week following Senate approval of the stablecoin GENIUS Act with support from both parties, along with the company obtaining a MiCA license to operate crypto services throughout the European Economic Area.
- Eleven analysts have given Coinbase stock a hold rating, while an equal number have recommended buying it; additionally, Benchmark increased its target share price to $421 and maintained its buy recommendation.
- An analyst noted Coinbase could generate $9.5 billion in revenue this year and highlighted the crypto derivatives market in the U.S. as having "massive headroom."
- Recent insider stock sales totaled over 220,000 shares worth nearly $50 million amid ongoing regulatory developments, suggesting cautious but active management amid growth opportunities.
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18 Articles
18 Articles
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Coverage Details
Total News Sources18
Leaning Left1Leaning Right1Center5Last UpdatedBias Distribution71% Center
Bias Distribution
- 71% of the sources are Center
71% Center
14%
C 71%
14%
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