In the preceding three months, 9 analysts have released ratings for Coinbase Glb COIN, presenting a wide array of perspectives from bullish to bearish.
Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 2 | 2 | 1 | 3 | 1 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 0 | 1 | 0 | 1 | 0 |
| 2M Ago | 1 | 0 | 0 | 2 | 1 |
| 3M Ago | 0 | 1 | 1 | 0 | 0 |
Analysts have set 12-month price targets for Coinbase Glb, revealing an average target of $109.22, a high estimate of $200.00, and a low estimate of $31.00. This upward trend is evident, with the current average reflecting a 36.52% increase from the previous average price target of $80.00.
Interpreting Analyst Ratings: A Closer Look
A comprehensive examination of how financial experts perceive Coinbase Glb is derived from recent analyst actions. The following is a detailed summary of 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 | $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: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response 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: Delving into movements, analysts provide estimates for the future value of Coinbase Glb's stock. This analysis reveals shifts in analysts' expectations over time.
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of Coinbase Glb's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.
Stay up to date on Coinbase Glb analyst ratings.
Discovering Coinbase Glb: A Closer Look
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.
Key Indicators: Coinbase Glb's Financial Health
Market Capitalization Analysis: Above industry benchmarks, the company's market capitalization emphasizes a noteworthy size, indicative of a strong market presence.
Revenue Growth: Coinbase Glb displayed positive results in 3 months. As of 30 September, 2023, the company achieved a solid revenue growth rate of approximately 14.2%. This indicates a notable 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: The company's net margin is below industry benchmarks, signaling potential difficulties in achieving strong profitability. With a net margin of -0.34%, the company may need to address challenges in effective cost control.
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): The company's ROA is below industry benchmarks, signaling potential difficulties in efficiently utilizing assets. With an ROA of -0.0%, the company may need to address challenges in generating satisfactory returns from its assets.
Debt Management: Coinbase Glb's debt-to-equity ratio is below the industry average. With a ratio of 0.52, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
The Significance of Analyst Ratings Explained
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
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.
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.
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
|---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
