JMP Securities Reviews Coinbase Global Inc. (COIN)

Coinbase Global Inc. (COIN) PT Raised to $315 at H.C. Wainwright

May 3, 2024 6:01 AM EDT

H.C. Wainwright analyst Mike Colonnese raised the price target on Coinbase Global Inc. (NASDAQ: COIN) to $315.00 (from $300.00) while maintaining a Buy rating.

The analyst comments "As expected, Coinbase delivered another strong revenue and earnings beat after the close yesterday (5/2). Total trading volumes more than doubled q/q in 1Q24 while retail and institutional take rates both ticked higher, which drove over $1B in total transaction revenues for the first time since 1Q22, while subscription and services revenues also surprised to the upside, resulting in a whopping 20% revenue beat.... More

Jefferies Reviews Coinbase Global Inc. (COIN)

May 3, 2024 5:41 AM EDT

Jefferies analyst Trevor Williams reiterated a Hold rating and $245.00 price target on Coinbase Global Inc. (NASDAQ: COIN).

The analyst comments "Big adj. EBITDA beat as both net revenue and OpEx were better than expectations. Retail and institutional trading volume growth... More

Mizuho Reviews Coinbase Global Inc. (COIN)

May 3, 2024 5:40 AM EDT

Mizuho analyst Dan Dolev reiterated an Underperform rating and $145.00 price target on Coinbase Global Inc. (NASDAQ: COIN)

The analyst comments "Overall, 1Q was strong but this was widely expected given the rise of Bitcoin & crypto volatility YTD. While take rates were... More

Raymond James Reviews Coinbase Global Inc. (COIN)

May 3, 2024 5:38 AM EDT

Raymond James analyst Patrick O\'Shaughnessy reiterated a Market Perform rating and {REMOVEPT} price target on Coinbase Global Inc. (NASDAQ: COIN).

The analyst comments "We maintain our Market Perform rating on Coinbase Global following 1Q24 results. Near-term momentum remains strong as the... More

Barclays Reviews Coinbase Global Inc. (COIN)

May 3, 2024 5:38 AM EDT

Barclays analyst Benjamin Budish reiterated an Underweight rating and $179.00 price target on Coinbase Global Inc. (NASDAQ: COIN).

The analyst comments "Coinbase reported very strong performance in Q1, just about every revenue line beating, and adj. EBITDA meaningfully ahead of the Street, as... More

Coinbase Global Inc. (COIN) PT Lowered to $255 at Goldman Sachs

May 3, 2024 5:37 AM EDT

Goldman Sachs analyst Will Nance lowered the price target on Coinbase Global Inc. (NASDAQ: COIN) to $255.00 (from $295.00) while maintaining a Buy rating.

The analyst comments "We update our COIN 12-month price target to $255 from $295 based on an unchanged 25x multiple on our Q5-Q8... More

After-hours movers: Apple, Block, Coinbase, Booking and more

May 2, 2024 4:56 PM EDT

After-Hours Stock Movers:

Apple (NASDAQ: AAPL) rose 6.8% after it published EPS and revenue that topped consensus. It also boosted its divided and approved an additional share buyback of $110 billion.

Block (NYSE: SQ) rose... More

Coinbase posts soaring profit on jump in crypto prices

May 2, 2024 4:16 PM EDT

By Hannah Lang

(Reuters) -Coinbase Global swung to a first-quarter profit of over $1 billion from a year earlier loss, helped by an uptick in cryptocurrency trading following the launch of the first U.S.-listed exchange traded funds (ETFs) tracking bitcoin in January.

The company on Thursday reported a net income of $1.2 billion, or $4.84 per share, in the three months ended March 31, compared with a loss of $79 million or $0.34 per share a year ago.

Coinbase shares fell 2.5% in after-hours trading, after ending the trading session up nearly 9%.

"Despite a very... More

Coinbase (COIN) Tops Q1 EPS by $3.39

May 2, 2024 4:06 PM EDT

(Updated - May 2, 2024 4:08 PM EDT)

Coinbase (NASDAQ: COIN) reported Q1 EPS of $4.40, $3.39 better than the analyst estimate of $1.01. Revenue for the quarter came in at $1.64 billion versus the consensus estimate of $1.3 billion.

Outlook

Subscription and services revenue: $525 -600 million.

For earnings history and earnings-related data on Coinbase (COIN) click here.

... More