- Coinbase Global (COIN, Financial) shares have seen a 20.3% decline in the past month.
- Zacks Investment Research rates COIN as a Strong Buy, with expected earnings growth.
- Analysts suggest significant upside potential with an average target price of $320.28.
Recently, shares of Coinbase Global (COIN) have experienced a noteworthy decline, dropping 20.3% in the last month. This trend runs counter to broader market movements. Despite this downturn, Zacks Investment Research has maintained a Strong Buy rating on COIN, highlighting stable earnings estimates and anticipated revenue growth. For the current quarter, Coinbase's earnings per share (EPS) are projected to rise to $2.12, marking a substantial 28.5% increase over the previous year.
Wall Street Analysts Forecast
According to one-year price targets provided by 25 analysts, the average target price for Coinbase Global Inc (COIN, Financial) stands at $320.28. This includes a high estimate of $475.00 and a low estimate of $185.00. The average price target indicates a potential upside of 99.49% from the current trading price of $160.55. Investors seeking more detailed estimate data can refer to the Coinbase Global Inc (COIN) Forecast page.
Furthermore, consensus recommendations from 28 brokerage firms position Coinbase Global Inc's (COIN, Financial) average brokerage recommendation at 2.3, reflecting an "Outperform" status. This rating scale ranges from 1 to 5, where 1 signifies a Strong Buy and 5 denotes Sell.
In terms of valuation, the GF Value for Coinbase Global Inc (COIN, Financial) is estimated at $187.87 in a year's time, suggesting a potential upside of 17.02% from the current price of $160.55. The GF Value is GuruFocus's estimation of the stock's fair trading value, calculated from historical trading multiples, past business growth, and future business performance forecasts. For further details, investors can visit the Coinbase Global Inc (COIN) Summary page.
