Across the recent three months, 13 analysts have shared their insights on Coinbase Glb COIN, expressing a variety of opinions spanning from bullish to bearish.
The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 7 | 1 | 3 | 2 | 0 |
| Last 30D | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 0 | 0 | 0 | 0 | 0 |
| 2M Ago | 6 | 1 | 2 | 2 | 0 |
| 3M Ago | 1 | 0 | 0 | 0 | 0 |
Analysts have set 12-month price targets for Coinbase Glb, revealing an average target of $261.69, a high estimate of $345.00, and a low estimate of $169.00. Highlighting a 1.65% decrease, the current average has fallen from the previous average price target of $266.08.
Understanding Analyst Ratings: A Comprehensive Breakdown
A clear picture of Coinbase Glb's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Benjamin Budish | Barclays | Lowers | Equal-Weight | $169.00 | $206.00 |
| Chase White | Compass Point | Lowers | Buy | $295.00 | $325.00 |
| John Todaro | Needham | Maintains | Buy | $260.00 | $260.00 |
| Devin Ryan | JMP Securities | Maintains | Market Outperform | $320.00 | $320.00 |
| Jason Kupferberg | B of A Securities | Lowers | Neutral | $246.00 | $263.00 |
| Benjamin Budish | Barclays | Raises | Underweight | $206.00 | $196.00 |
| Mike Colonnese | HC Wainwright & Co. | Lowers | Buy | $295.00 | $315.00 |
| Joseph Vafi | Canaccord Genuity | Maintains | Buy | $280.00 | $280.00 |
| Peter Christiansen | Citigroup | Raises | Buy | $345.00 | $260.00 |
| John Todaro | Needham | Maintains | Buy | $260.00 | $260.00 |
| Will Nance | Goldman Sachs | Lowers | Neutral | $215.00 | $255.00 |
| Benjamin Budish | Barclays | Lowers | Underweight | $196.00 | $204.00 |
| Mike Colonnese | HC Wainwright & Co. | Maintains | Buy | $315.00 | $315.00 |
Key Insights:
- Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Coinbase Glb. This information offers a snapshot of how analysts perceive the current state of the company.
- Rating: Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Coinbase Glb compared to the broader market.
- Price Targets: Gaining insights, analysts provide estimates for the future value of Coinbase Glb's stock. This comparison reveals trends in analysts' expectations over time.
Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of Coinbase Glb's market standing. Stay informed and make data-driven decisions with our Ratings Table.
Stay up to date on Coinbase Glb analyst ratings.
About Coinbase Glb
Founded in 2012, Coinbase is the leading cryptocurrency exchange platform in the United States. The company intends to be the safe and regulation-compliant point of entry for retail investors and institutions into the cryptocurrency economy. Users can establish an account directly with the firm, instead of using an intermediary, and many choose to allow Coinbase to act as a custodian for their cryptocurrency, giving the company breadth beyond that of a traditional financial exchange. While the company still generates the majority of its revenue from transaction fees charged to its retail customers, Coinbase uses internal investment and acquisitions to expand into adjacent businesses, such as prime brokerage and data analytics.
Coinbase Glb: Financial Performance Dissected
Market Capitalization Analysis: Positioned below industry benchmarks, the company's market capitalization faces constraints in size. This could be influenced by factors such as growth expectations or operational capacity.
Revenue Growth: Coinbase Glb's remarkable performance in 3 months is evident. As of 30 June, 2024, the company achieved an impressive revenue growth rate of 104.78%. This signifies a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Financials sector.
Net Margin: Coinbase Glb's net margin lags behind industry averages, suggesting challenges in maintaining strong profitability. With a net margin of 2.49%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Coinbase Glb's ROE falls below industry averages, indicating challenges in efficiently using equity capital. With an ROE of 0.44%, the company may face hurdles in generating optimal returns for shareholders.
Return on Assets (ROA): Coinbase Glb's ROA is below industry averages, indicating potential challenges in efficiently utilizing assets. With an ROA of 0.01%, the company may face hurdles in achieving optimal financial returns.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.51.
The Core of Analyst Ratings: What Every Investor Should Know
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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