Across the recent three months, 20 analysts have shared their insights on Coinbase Glb COIN, expressing a variety of opinions spanning from bullish to bearish.
The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 3 | 6 | 6 | 4 | 1 |
| Last 30D | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 2 | 3 | 4 | 1 | 1 |
| 2M Ago | 1 | 2 | 1 | 2 | 0 |
| 3M Ago | 0 | 1 | 0 | 1 | 0 |
Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $169.9, with a high estimate of $282.00 and a low estimate of $54.00. Witnessing a positive shift, the current average has risen by 44.92% from the previous average price target of $117.24.
Exploring Analyst Ratings: An In-Depth Overview
An in-depth analysis of recent analyst actions unveils how financial experts perceive Coinbase Glb. The following summary 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 |
|---|---|---|---|---|---|
| Will Nance | Goldman Sachs | Announces | Neutral | $282.00 | - |
| Will Nance | Goldman Sachs | Announces | Neutral | $282.00 | - |
| Dan Dolev | Mizuho | Raises | Underperform | $84.00 | $60.00 |
| Will Nance | Goldman Sachs | Raises | Sell | $170.00 | $124.00 |
| Devin Ryan | JMP Securities | Raises | Market Outperform | $220.00 | $200.00 |
| Mike Colonnese | HC Wainwright & Co. | Raises | Buy | $250.00 | $115.00 |
| Richard Repetto | Piper Sandler | Raises | Neutral | $165.00 | $125.00 |
| Moshe Katri | Wedbush | Raises | Outperform | $200.00 | $180.00 |
| Owen Lau | Oppenheimer | Raises | Outperform | $200.00 | $160.00 |
| Kyle Voigt | Keefe, Bruyette & Woods | Raises | Market Perform | $160.00 | $93.00 |
| Joseph Vafi | Canaccord Genuity | Raises | Buy | $240.00 | $140.00 |
| Kenneth Worthington | JP Morgan | Maintains | Neutral | $80.00 | $80.00 |
| 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 |
Key Insights:
- Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Coinbase Glb. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Coinbase Glb compared to the broader market.
- Price Targets: Delving into movements, analysts provide estimates for the future value of Coinbase Glb's stock. This analysis reveals shifts in analysts' expectations over time.
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into Coinbase Glb's market standing. Stay informed and make well-considered decisions with our Ratings Table.
Stay up to date on Coinbase Glb analyst ratings.
Unveiling the Story Behind 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's Financial Performance
Market Capitalization: Surpassing industry standards, the company's market capitalization asserts its dominance in terms of size, suggesting a robust market position.
Revenue Growth: Coinbase Glb's remarkable performance in 3 months is evident. As of 31 December, 2023, the company achieved an impressive revenue growth rate of 51.61%. This signifies a substantial increase in the company's 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 excels beyond industry benchmarks, reaching 28.66%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 4.48%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): Coinbase Glb's ROA falls below industry averages, indicating challenges in efficiently utilizing assets. With an ROA of 0.16%, the company may face hurdles in generating optimal returns from its assets.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.48.
The Significance of Analyst Ratings Explained
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter.
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
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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