Group 1: Palantir Technologies - Palantir Technologies is a strong candidate for inclusion in the S&P 500 by 2025, with a current market cap of approximately $68 billion and a stock price that has increased by 80% this year [2][3] - The company meets all criteria for S&P 500 inclusion, including being a U.S. company, having a market cap above $18 billion, high stock liquidity, and a public float exceeding 50% [3][4] - Despite reporting positive earnings in the last six quarters, Palantir's profits have been minimal, which may be delaying its inclusion in the index [5][6] Group 2: The Trade Desk - The Trade Desk is positioned as a potential new advertising stock in the S&P 500, leveraging its demand-side platform for managing digital ad campaigns [7][8] - The company has a market cap of $50 billion and reported revenue of just under $1.1 billion for the first half of 2024, reflecting a 27% increase year-over-year [9][10] - The Trade Desk's net income for the first six months of 2024 was $117 million, a significant increase of 176% compared to the previous year, indicating strong financial recovery [10] Group 3: Coinbase - Coinbase is a publicly traded U.S. company with a market cap of $42 billion, making it a suitable candidate for S&P 500 inclusion [13][14] - The company has demonstrated profitability with nearly $1.4 billion in net income over the past four quarters and holds over $8 billion in cash on its balance sheet [14][15] - Inclusion in the S&P 500 would provide exposure to the growing cryptocurrency market, reflecting a forward-thinking investment strategy [16]

Coinbase continues to be lifted by the state of the crypto market. The highest-flying digital assets certainly receive a lot of attention from investors. For those who aren't ready to fully jump in, owning a business like Coinbase (COIN -2.61%) might be an idea worth considering. But even this top crypto enterprise has taken investors on a volatile journey. The company's shares skyrocketed 391% in 2023 before rising 19% so far this year (as of Aug. 26). However, they trade 42% below their peak price from th ...

NEW YORK, Aug. 31, 2024 (GLOBE NEWSWIRE) -- Why: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of Coinbase Global, Inc. (NASDAQ: COIN) resulting from allegations that Coinbase may have issued materially misleading business information to the investing public. So What: If you purchased Coinbase securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangeme ...

The environment of the cryptocurrency industry is always changing, with new coins appearing more quickly than you can say "blockchain". There are dozens of cryptocurrencies already in use, and more are constantly being created, so the search for the next big thing will never cease. It's not just a talent, but a vital strategy for anybody trying to boost their investing portfolio to recognize and assess these new entrants. Why new crypto listings matter A flurry of interest and conjecture is frequently spark ...

NEW YORK, Aug. 23, 2024 (GLOBE NEWSWIRE) -- Why: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Coinbase Global, Inc. (NASDAQ: COIN) resulting from allegations that Coinbase may have issued materially misleading business information to the investing public. So What: If you purchased Coinbase securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arra ...

Investment Rating - The report maintains a "Buy" rating for Coinbase Global with a target price of $260.00 per share, corresponding to an 11x price-to-sales ratio for 2025 [1][6]. Core Insights - The cryptocurrency trading market showed weakness in Q2, but Coinbase's subscription and service revenue demonstrated stable growth, reaching nearly $600 million, which is considered a more resilient revenue source [1][6]. - The company achieved positive revenue growth for four consecutive quarters, with Q2 revenue at $1.45 billion, a decrease of 11% from the previous quarter but a year-over-year increase of 105% [2][6]. - Monthly trading users (MTU) increased from 8 million in Q1 to 8.2 million in Q2, reflecting a 12% year-over-year growth [1][2]. Summary by Sections Financial Performance - Q2 total revenue reached $1.45 billion, with net profit dropping from approximately $1.176 billion in Q1 to $36 million in Q2. Adjusted EBITDA was $596 million, up from $189 million year-over-year but below the consensus estimate of $612 million [1][2]. - Total trading revenue was $781 million, down 27% quarter-over-quarter but exceeding the consensus estimate of $754 million. Retail revenue accounted for $665 million, representing about 48% of total revenue and 85% of total trading revenue, a 130% increase year-over-year [1][2]. - Subscription and service revenue grew 17% quarter-over-quarter to $599 million, driven mainly by blockchain rewards and stablecoin income [1][2]. Operational Costs - Total operating expenses were $1.1 billion, a 26% increase quarter-over-quarter, with technology and development, general and administrative, and sales and marketing expenses totaling $850 million, up 14% [1][2]. Q3 Guidance - For Q3 2024, management expects subscription and service revenue to be between $530 million and $600 million, with trading fees expected to account for approximately 15% of total revenue [5][6]. - The company anticipates total operating expenses, including stock-based compensation (SBC), to be between $730 million and $750 million, with sales and marketing expenses projected to be between $160 million and $210 million [5][6]. Market Context - The report notes that the cryptocurrency market has been influenced by various factors, including regulatory changes and market competition, which could impact Coinbase's market share and revenue [6].

Olemedia After sharp losses in late July and early August, the fear in the markets has gradually cooled and volatility has eased. The same is true for the crypto markets, as Bitcoin has continued to vigorously defend a price in the ~$60k range. Lower volatility in the crypto markets, meanwhile, has hurt trading revenues at Coinbase (NASDAQ:COIN), one of the largest and best-known cryptocurrency wallets and exchanges. The company recently reported Q2 results that showed a substantial sequential slowdown on l ...

Few companies are positioned as favorably as Coinbase, but not for the reasons you might think. It can be daunting to recommend buying a stock with triple-digit gains in the last year. However, Coinbase Global (COIN -3.53%) is not your typical stock. As one of the most prominent players in the dynamic and burgeoning crypto industry, there are myriad reasons to believe Coinbase can keep moving higher despite posting a monumental 495% gain since 2023. But to keep things brief, let's break down the three most ...

NEW YORK, Aug. 19, 2024 (GLOBE NEWSWIRE) -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Coinbase Global, Inc. ("Coinbase" or "the Company") (NASDAQ: COIN). Investors who purchased Coinbase securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/COIN. Investigation Details Coinbase is the subject of a press release issued by the Financial Conduct Authority ("FCA" ...

Investment Rating - The report maintains an "Overweight" rating for Coinbase Global, Inc. Class A (COIN) [1] Core Insights - The company's performance in Q2 was impacted by a decline in trading volume and currency fluctuations, but the trend towards compliance is enhancing its industry position [1] - Subscription and service revenues showed significant growth, with H1 2024 revenues reaching $1.11 billion, up 59% year-over-year, driven by stablecoin and blockchain rewards [1][2] - Trading revenues also saw a substantial increase, with H1 2024 revenues of $1.86 billion, up 164.69% year-over-year, primarily from retail clients [2] - The approval of spot Bitcoin ETFs is expected to create a "flywheel effect," boosting trading volumes and revenues [2][3] - The regulatory environment in the U.S. is becoming more favorable for cryptocurrencies, which may accelerate the compliance process and enhance Coinbase's market position [3] Financial Summary - Revenue projections for Coinbase from 2024 to 2026 are $6.64 billion, $10.27 billion, and $12.01 billion respectively, with net profits of $2.40 billion, $3.99 billion, and $4.84 billion [4][5] - The expected EPS for the same period is $9.67, $16.07, and $19.53, with corresponding P/E ratios of 19.84, 11.93, and 9.82 [4][5] - The company is projected to experience a significant increase in revenue growth rates, with 113.50% in 2024 and 54.73% in 2025 [5][6]