Is Coinbase Global Stock a Buy Now?
Coinbase Global (NASDAQ: COIN), which owns one of the world's largest cryptocurrency exchanges, saw its stock close at an all-time high of $357.39 on Nov. 9, 2021. The bulls rushed to the stock as cryptocurrency prices soared and investors aggressively accumulated shares of growth and meme stocks.
But today, Coinbase's stock trades at about $109 a share. It plummeted about 70% as rising interest rates drove investors away from cryptocurrencies, meme stocks, and other speculative investments. The failures of several high-profile tokens and exchanges also drove government regulators to tighten their grip on the freewheeling crypto market.
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Source Fool.com
Coinbase Global Inc. Stock
€223.80
4.660%
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 223.8 € for Coinbase Global Inc., so the potential is actually -28.06%.
