Ratings for Coinbase Glb (NASDAQ:COIN) were provided by 16 analysts in the past three months, showcasing a mix of bullish and bearish perspectives.
The following table provides a quick overview of their recent ratings, highlighting 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 | 2 | 6 | 1 | 0 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 1 | 1 | 1 | 0 | 0 |
| 2M Ago | 5 | 0 | 4 | 1 | 0 |
| 3M Ago | 0 | 1 | 1 | 0 | 0 |
Analysts have set 12-month price targets for Coinbase Glb, revealing an average target of $277.25, a high estimate of $420.00, and a low estimate of $175.00. This upward trend is evident, with the current average reflecting a 10.65% increase from the previous average price target of $250.57.
Exploring Analyst Ratings: An In-Depth Overview
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 |
|---|---|---|---|---|---|
| John Todaro | Needham | Raises | Buy | $420.00 | $375.00 |
| Will Nance | Goldman Sachs | Raises | Neutral | $397.00 | $183.00 |
| Owen Lau | Oppenheimer | Raises | Outperform | $358.00 | $265.00 |
| John Todaro | Needham | Raises | Buy | $375.00 | $290.00 |
| Patrick Moley | Piper Sandler | Maintains | Neutral | $245.00 | $245.00 |
| Benjamin Budish | Barclays | Raises | Equal-Weight | $204.00 | $175.00 |
| Dan Dolev | Mizuho | Raises | Underperform | $178.00 | $160.00 |
| Mike Colonnese | HC Wainwright & Co. | Lowers | Buy | $255.00 | $295.00 |
| Joseph Vafi | Canaccord Genuity | Maintains | Buy | $280.00 | $280.00 |
| Jason Kupferberg | B of A Securities | Raises | Neutral | $214.00 | $196.00 |
| John Todaro | Needham | Raises | Buy | $290.00 | $260.00 |
| Mike Colonnese | HC Wainwright & Co. | Maintains | Buy | $295.00 | $295.00 |
| Gus Gala | Monness, Crespi, Hardt | Announces | Buy | $245.00 | - |
| Hal Goetsch | B. Riley Securities | Announces | Neutral | $185.00 | - |
| Devin Ryan | JMP Securities | Maintains | Market Outperform | $320.00 | $320.00 |
| Benjamin Budish | Barclays | Raises | Equal-Weight | $175.00 | $169.00 |
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: Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate expectations for the relative performance of Coinbase Glb compared to the broader market.
- Price Targets: Analysts gauge the dynamics of price targets, providing 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.
Breaking Down Coinbase Glb's Financial Performance
Market Capitalization Analysis: The company's market capitalization surpasses industry averages, showcasing a dominant size relative to peers and suggesting a strong market position.
Revenue Growth: Coinbase Glb's remarkable performance in 3 months is evident. As of 30 September, 2024, the company achieved an impressive revenue growth rate of 78.77%. 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 is below industry standards, pointing towards difficulties in achieving strong profitability. With a net margin of 6.26%, the company may encounter challenges in effective cost control.
Return on Equity (ROE): The company's ROE is below industry benchmarks, signaling potential difficulties in efficiently using equity capital. With an ROE of 0.88%, the company may need to address challenges in generating satisfactory returns for shareholders.
Return on Assets (ROA): The company's ROA is below industry benchmarks, signaling potential difficulties in efficiently utilizing assets. With an ROA of 0.03%, the company may need to address challenges in generating satisfactory 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.
Analyst Ratings: Simplified
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
