Just Buy Bitcoin Instead of Coinbase Stock
Shares of cryptocurrency exchange (NASDAQ: COIN) have made an incredible comeback over the past six months, more than tripling in that time. The stock is still trading below its all-time high, but much of the damage inflicted by the post-pandemic cryptocurrency crash has been undone.
Coinbase slashed costs last year, which was enough to push its net income into positive territory, despite a slight decline in revenue. The company ended the year with about 24% fewer employees, compared to the start of the year.
Higher interest rates also helped the cause. Coinbase's interest income more than doubled in 2023.
Source Fool.com
Coinbase Global Inc. Stock
€179.02
3.500%
Our community is currently high on Coinbase Global Inc. with 31 Buy predictions and 15 Sell predictions.
As a result the target price of 185 € shows a slightly positive potential of 3.34% compared to the current price of 179.02 € for Coinbase Global Inc..
