In the preceding three months, 14 analysts have released ratings for Coinbase Glb COIN, presenting a wide array of perspectives 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 | 2 | 4 | 2 | 5 | 1 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 1 | 1 | 1 | 2 | 0 |
| 2M Ago | 1 | 1 | 0 | 2 | 1 |
| 3M Ago | 0 | 1 | 1 | 1 | 0 |
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $115.29, a high estimate of $200.00, and a low estimate of $31.00. This current average reflects an increase of 31.26% from the previous average price target of $87.83.
Decoding Analyst Ratings: A Detailed Look
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 |
|---|---|---|---|---|---|
| Owen Lau | Oppenheimer | Maintains | Outperform | $160.00 | $160.00 |
| Kenneth Worthington | JP Morgan | Announces | Underweight | $80.00 | - |
| Peter Christiansen | Citigroup | Raises | Neutral | $151.00 | $90.00 |
| Dan Dolev | Mizuho | Raises | Underperform | $60.00 | $54.00 |
| Moshe Katri | Wedbush | Raises | Outperform | $180.00 | $110.00 |
| John Todaro | Needham | Raises | Buy | $180.00 | $160.00 |
| Dan Dolev | Mizuho | Raises | Underperform | $54.00 | $35.00 |
| Devin Ryan | JMP Securities | Raises | Market Outperform | $200.00 | $107.00 |
| Will Nance | Goldman Sachs | Raises | Sell | $123.00 | $55.00 |
| John Todaro | Needham | Raises | Buy | $160.00 | $120.00 |
| Dan Dolev | Mizuho | Raises | Underperform | $35.00 | $31.00 |
| Dan Dolev | Mizuho | Raises | Underperform | $31.00 | $27.00 |
| Moshe Katri | Wedbush | Maintains | Outperform | $110.00 | - |
| Peter Christiansen | Citigroup | Lowers | Neutral | $90.00 | $105.00 |
Key Insights:
- Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Coinbase Glb. This offers insight into analysts' perspectives on the current state of the company.
- Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of Coinbase Glb compared to the broader market.
- Price Targets: Analysts navigate through adjustments in price targets, providing estimates for Coinbase Glb's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.
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.
Get to Know Coinbase Glb Better
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's Economic Impact: An Analysis
Market Capitalization Analysis: Below industry benchmarks, the company's market capitalization reflects a smaller scale relative to peers. This could be attributed to factors such as growth expectations or operational capacity.
Positive Revenue Trend: Examining Coinbase Glb's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 14.2% as of 30 September, 2023, showcasing a substantial increase in top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Financials sector.
Net Margin: Coinbase Glb's net margin is below industry averages, indicating potential challenges in maintaining strong profitability. With a net margin of -0.34%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Coinbase Glb's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of -0.04%, the company may encounter challenges in delivering satisfactory 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 -0.0%, the company may face hurdles in achieving optimal financial returns.
Debt Management: Coinbase Glb's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.52.
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.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in Benzinga Pro.
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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