Down 42%, Is It Time to Buy the Dip on This Growth Stock?
The highest-flying digital assets certainly receive a lot of attention from investors. For those who aren't ready to fully jump in, owning a business like (NASDAQ: COIN) might be an idea worth considering.
But even this top crypto enterprise has taken investors on a volatile journey. The company's shares skyrocketed 391% in 2023 before rising 19% so far this year (as of Aug. 26). However, they trade 42% below their peak price from the bull market of 2021.
Is it time to buy the dip on this crypto growth stock?
Source Fool.com
Coinbase Global Inc. Stock
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 positive potential of 29.73% for Coinbase Global Inc. compared to the current price of 139.52 €.