Is It Too Late to Buy Coinbase Global Stock?
Coinbase Global's (NASDAQ: COIN) stock jumped 18% on May 5 after the cryptocurrency exchange operator posted its first-quarter report. Its revenue dropped 37% year over year to $736 million but beat analysts' estimates by $81 million.
It narrowed its net loss from $430 million to $79 million, or $0.34 per share, which also cleared the consensus forecast by $1.11. On an adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) basis, it posted a profit of $284 million and finally ended its three-quarter streak of adjusted EBITDA losses.
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Source Fool.com
Coinbase Global Inc. Stock
€188.84
5.730%
Currently there is a rather positive sentiment for Coinbase Global Inc. with 27 Buy predictions and 15 Sell predictions.
On the other hand, the target price of 183 € is below the current price of 188.84 € for Coinbase Global Inc., so the potential is actually -3.09%.
