3 Things You Need to Know if You Buy Coinbase Stock Today
The crypto downturn throughout 2022 dealt a huge blow to (NASDAQ: COIN) and its fortunes. Last year, revenue declined 59%, and the business posted a net loss of $2.7 billion. It's no wonder the shares tanked 86% during the year.
But a resurgence has taken place this year. Coinbase appears to be gaining some strong business momentum. And investors seem to think so as well, and the cryptocurrency stock has skyrocketed 400% in 2023.
But don't rush to scoop up shares just yet. Here are three things you need to know before buying Coinbase.
Source Fool.com
Coinbase Global Inc. Stock
€165.92
-2.710%
Currently there is a rather positive sentiment for Coinbase Global Inc. with 27 Buy predictions and 14 Sell predictions.
With a target price of 181 € there is a slightly positive potential of 9.09% for Coinbase Global Inc. compared to the current price of 165.92 €.
