If You Invested $1,000 in Coinbase in 2021, This Is How Much You Would Have Now
When it comes to innovative and disruptive enterprises, Coinbase Global (NASDAQ: COIN) likely comes to mind. The top digital-asset brokerage and exchange operator is at the forefront of trying to bring cryptocurrencies to the masses.
But shares haven't been too kind to investors in recent years. If you invested $1,000 in Coinbase in April 2021, the time when it had its initial public offering (IPO), your position would be worth just $470 today (as of Feb. 5). That translates to a 53% decline, a disappointment when compared to the 15% rise of the Nasdaq Composite Index during the same time (including dividends).
Let's look back at this top crypto stock's short history as a publicly traded company. Then we can figure out if investors should consider buying shares right now.
Source Fool.com
Coinbase Global Inc. Stock
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 216.5 € for Coinbase Global Inc., so the potential is actually -25.64%.
