Coinbase's second-quarter revenue surges on crypto trading revival
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August 2, 2024 6:00 AM EDT
H.C. Wainwright analyst Mike Colonnese lowered the price target on Coinbase Global Inc. (NASDAQ: COIN) to $295.00 (from $315.00) while maintaining a Buy rating.
The analyst comments "Recent shift in tone in D.C. for crypto has strengthened our bullish outlook for the stock and the industry. Yesterday (8/1) after the close, Coinbase reported solid 2Q24 results despite industry wide q/q declines in global crypto trading volumes in the quarter following elevated levels of activity in 1Q catalyzed by the launch of the spot BTC ETFs in the U.S. in January, as the... More
August 2, 2024 5:57 AM EDT
Piper Sandler analyst Patrick Moley reiterated a Neutral rating and $245.00 price target on Coinbase Global Inc. (NASDAQ: COIN).
The analyst comments "COIN posts modest core EPS miss vs. our estimate. Excluding the impact of $319M of pretax M2M losses on crypto assets... More
August 2, 2024 5:14 AM EDT
Jefferies analyst Trevor Williams raised the price target on Coinbase Global Inc. (NASDAQ: COIN) to $245.00 (from $215.00) while maintaining a Hold rating.
The analyst comments "Top-line beat by ~3% as Subs & Svcs strength (staking, stablecoin) more than offset a transaction revenue miss as... More
