Coinbase Stock in 2024: Boom or Bust?
(NASDAQ: COIN) has been one of the best-performing stocks in 2023. As of Dec. 15, shares are up a whopping 320%. The business is posting solid financial results amid a bull market for digital assets.
As we look toward the new year, will this top cryptocurrency stock continue to boom for investors? Or will it be a huge disappointment? Let's take a look at both sides of the argument for Coinbase.
Coinbase is riding a wave of momentum right now. In the three-month period that ended Sept. 30, the business exceeded Wall Street forecasts. This helps explain why shares are up about 80% since that financial update on Nov. 2.
Source Fool.com
Coinbase Global Inc. Stock
€233.35
4.270%
Currently there is a rather positive sentiment for Coinbase Global Inc. with 31 Buy predictions and 16 Sell predictions.
On the other hand, the target price of 161 € is below the current price of 233.35 € for Coinbase Global Inc., so the potential is actually -31.0%.
