Will This Beaten-Down Stock Bounce Back? 3 Things to Know.
The entrance of Coinbase Global (NASDAQ: COIN) on the in April 2021 was nothing short of monumental, yet the journey since then has been dismal. Shares have mostly been in free fall after hitting an all-time high of $343 in September 2021 at the peak of the recent cryptocurrency market's bull run. Plummeting by over 87%, the stock sank to a mere $32 at one point.
However, since the beginning of 2023, the stock has more than doubled. There are likely a handful of reasons behind this resurgence, but three in particular suggest Coinbase has turned a corner. It could be time for investors to give this beaten-down stock a chance.
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Source Fool.com
Coinbase Global Inc. Stock
€152.98
-18.370%
Currently there is a rather positive sentiment for Coinbase Global Inc. with 29 Buy predictions and 15 Sell predictions.
With a target price of 185 € there is a positive potential of 20.93% for Coinbase Global Inc. compared to the current price of 152.98 €.
