Coinbase Stock Price Recovery at Risk Amid 4 Key Headwinds - The Market Periodical

Coinbase Stock Price Recovery at Risk Amid 4 Key Headwinds - The Market Periodical

Key Insights: Coinbase stock share price imploded after the second-quarter earnings. The numbers showed the impact of the rising competition on its business. Coinbase’s operating costs are in a strong upward trajectory. Coinbase stock price has plunged this month after its recent results pointed to major red flags, such as slow revenue growth and higher costs. COIN has dropped to $300, down 30% from the year-to-date high. Here are the top 4 hea…

September Could Witness The Coinbase Stock Come Back of the Decade – Here’s Why

Coinbase stock (COIN) is down more than 30% since its July peak, but 99Bitcoins analysts and others aren’t ready to call it a collapse. Mizuho Financial, once openly skeptical of COIN stock, just bumped its price target from $217 to $267. The catalyst is a pickup in July trading volumes after a flat second quarter. Still, the tone remains cautious. Mizuho kept its neutral rating, citing a 45% drop in consumer spot trading and a 39% dip in transa…