Core Insights - Coinbase Global, Inc. (COIN) is experiencing solid improvement in earnings estimates, which may lead to continued stock price momentum [1][2] - The rising trend in estimate revisions reflects growing analyst optimism regarding the company's earnings prospects, correlating strongly with near-term stock price movements [2][3] Current-Quarter Estimate Revisions - The earnings estimate for the current quarter is $1.11 per share, representing a change of +364.29% from the previous year [5] - Over the last 30 days, five estimates have been revised upward with no negative revisions, resulting in a Zacks Consensus Estimate increase of 110.54% [5] Current-Year Estimate Revisions - For the full year, the earnings estimate is $7.18 per share, indicating a change of +1840.54% from the year-ago figure [6] - The current year's revisions trend is promising, with five estimates moving higher and a consensus estimate increase of 105.54% [6] Zacks Rank - Coinbase Global currently holds a Zacks Rank 1 (Strong Buy), indicating strong agreement among analysts in revising earnings estimates upward [8] - Stocks with Zacks Rank 1 and 2 significantly outperform the S&P 500, suggesting a favorable investment outlook for Coinbase [8] Bottom Line - Strong estimate revisions have led to a stock price increase of 8.9% over the past four weeks, indicating potential for further upside [9]

Love her or hate her, there's no denying that Cathie Wood is an influential investor. The founder and CEO of investment management firm ARK Invest continues to infuriate and inspire people with her take on the markets and her investment picks. Wood famously focuses the investments in her exchange-traded funds (ETFs) on stocks of companies engaged in disruptive technologies. This is especially true of Wood's flagship fund, the Ark Innovation ETF (NYSEARCA:ARKK). This ETF is comprised of stocks that are eithe ...

One of the biggest challenges of identifying which fintech stocks to buy is to identify the company's which are effectively providing financial services to the world's 1.4 billion unbanked adults. On top of this, one-third of adults globally are currently underbanked and receive income through sources other than traditional direct debit. Back in 2015, Accenture (NYSE:ACN) declared that the pursuit of financial inclusivity represented a market opportunity worth $380 billion. The rise of open banking has evol ...

Coinbase Global, Inc. (NASDAQ:COIN) JPMorgan Global Technology, Media and Communications Conference Call May 21, 2024 2:25 PM ET Company Participants Emilie Choi - President and Chief Operating Officer Alesia Haas - Chief Financial Officer Conference Call Participants Ken Worthington - JPMorgan Ken Worthington Hi, good afternoon, everybody. My name is Ken Worthington, I'm the analyst following Coinbase from JPMorgan. I'd like to thank you so much for joining the TMT Conference this year and the fireside cha ...

Coinbase Global, Inc. (NASDAQ:COIN) JPMorgan Global Technology, Media and Communications Conference Call May 21, 2024 2:25 PM ET Company Participants Emilie Choi - President and Chief Operating Officer Alesia Haas - Chief Financial Officer Conference Call Participants Ken Worthington - JPMorgan Ken Worthington Hi, good afternoon, everybody. My name is Ken Worthington, I'm the analyst following Coinbase from JPMorgan. I'd like to thank you so much for joining the TMT Conference this year and the fireside cha ...

Meme stocks have gained significant attention on Wall Street, with individual investors coordinating their buying efforts on social media platforms like Reddit's r/WallStreetBets forum. While some may view this trend as irrational, there are reasons behind the interest in certain companies. This backdrop has led to the top meme stocks to buy on the dip. Investors backing these meme stocks have different motivations. Some aim to challenge hedge funds, while others seek to profit from short squeezes. Despite ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, The ...

The metaverse is rapidly gaining traction, and investors are scrambling to get in on the action with cheap metaverse stocks. As technology continues to advance, the concept of a fully immersive, interconnected virtual world is becoming increasingly tangible. These cheap metaverse stocks should be on every investors' radar. Although the technology so far has not met many investors' expectations, I feel that we are just beginning to tap into the potential of the industry. We are using 'metaverse-like' technol ...

The cryptocurrency rally in the first quarter that saw Bitcoin (BTC) hitting a new all-time high, has suddenly come to a halt. Bitcoin, which hit a record high of $73,750 on Mar 14, has declined sharply since then.In April, Bitcoin declined 3.9%, after gaining more than 67% in the first quarter. The decline can be attributed to a number of factors, most importantly the just-concluded halving event, which happens once in four years.Also, markets remained volatile in April as rising inflation reignited fears ...

Why does everyone love investing in fintech companies? It’s probably because most of us can see how flawed the traditional finance system is. With fintech platforms, we can carry out any banking or investing directly online without paying exorbitant fees from a big bank. They also allow us exposure to alternative financial assets like cryptocurrencies directly in the palm of our hands.So are fintech companies a good investment? As with any sector, it has its winners and losers. The platform must have good t ...