Is Cathie Wood's Top Crypto Holding a Buy in 2024?
One of the most outspoken investors on Wall Street is Ark Invest Chief Executive Officer Cathie Wood. Wood is known for unconventional, maybe even outlandish, predictions for trends in emerging technology. Across all of her exchange-traded funds (ETFs), her largest holding is cryptocurrency trading platform (NASDAQ: COIN). Given Wood's extremely bullish stance on Bitcoin, it makes sense that she would acquire such a large position in Coinbase.
However, a more likely explanation supporting Coinbase as Wood's top holding is the stock's near 400% rally in 2023. With such a rebound from all-time lows, could Coinbase possibly be a buy in 2024? Or, should investors start taking profits?
Let's dig into what might help fuel additional growth for Coinbase as 2024 quickly approaches.
Source Fool.com
Coinbase Global Inc. Stock
Currently there is a rather positive sentiment for Coinbase Global Inc. with 31 Buy predictions and 17 Sell predictions.
On the other hand, the target price of 157 € is below the current price of 218.75 € for Coinbase Global Inc., so the potential is actually -28.23%.
