Coinbase Global, Inc. (COIN) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.Shares of this company have returned +39.5% over the past month versus the Zacks S&P 500 composite's +3% change. The Zacks Securities and Exchanges industry, to which Coinbase Global, Inc. belongs, has gained 7.9% over this period. Now the key question is: Where could the stock be headed in the near ter ...

Cryptocurrency continues to be volatile, marked by mind-blowing ups and downs in price and by regulatory uncertainty with both court battles and fraud, including controversy hitting the world's largest exchange, Binance. Investors in its U.S. competitor, Coinbase (COIN 8.84%), have also been put through the wringer. The stock has gyrated between $32 and $357. Depending on whom you ask, Coinbase is either a future pillar of the digital economy or a bankruptcy waiting to happen. Optimism has paid off during t ...

The roller coaster continues for Coinbase (COIN 8.84%). After its shares tanked 86% in 2022, they skyrocketed 391% last year. And the business just reported fourth-quarter 2023 results that were incredibly well-received by the market, sending its shares even higher in 2024.Despite its remarkable comeback, this top crypto stock remains 46% off its all-time high (as of Feb. 16). Does this mean it's a good idea to buy the dip?Crypto summer?Rising interest rates and macro uncertainty in 2022 crushed the cryptoc ...

Shares of Coinbase Global (COIN) gained 12.4% in the last two trading sessions after the company’s fourth-quarter 2023 earnings and revenues beat the Zack Consensus Estimate.COIN reported fourth-quarter 2023 income of $1.04 per share against the Zacks Consensus Estimate of a loss of 9 cents per share and the year-ago loss of $2.46 per share.  Coinbase witnessed significant growth in subscription and services revenues as well as low expenses.Behind the HeadlineTotal revenues of $954 million beat the Zacks Co ...

This earnings season has been an extremely optimistic time for the stock market. The Nasdaq is hitting new highs, and the strong reports are giving a much-needed boost to our economy. It has set the tone for 2024, and I believe this momentum will continue. We are finally out of the inflationary period and in a solid period of growth. Having reported impressive financials, several companies are seeing analyst upgrades and that means it is time to load up on these stocks. Based on the quarterly results and th ...

The Coinbase share price (NASDAQ: COIN) climbed by more than $14 today, almost nine percent, to $181.31 in a matter of hours. This is the highest the Coinbase share price has been since March 2022. But why the sudden movement? What is Coinbase and Coinbase wallet?Copy link to sectionCoinbase Global, Inc. is a cryptocurrency exchange platform based in the United States, and is one of the world’s largest crypto exchanges by volumes traded.Among its offerings are Coinbase Wallet, which allows you to buy, sell ...

There are only seven companies worth more than $1 trillion today. These include some of the world's most prominent corporations, such as Apple, Microsoft, and Amazon. Reaching a $1 trillion valuation is no easy task and is reserved for a select few with just the right combination of characteristics. By 2035, the $1 trillion club will likely look slightly different. Surely, some current members will slip, but new members will also join the club. One of those could be Coinbase Global (COIN 8.84%). Proven grow ...

The past few years haven’t exactly been rewarding for Tiger Cub and billionaire Chase Coleman and his hedge fund, Tiger Global. The fund lost 7% in 2021 and another 56% in 2022 before returning 28.5% in 2023. Still, the fund is tech-centric and underperformed by a wide margin compared to the Nasdaq 100’s 2023 return of 55.1%, which marked its best return since 1999.Tiger Global operates as a concentrated long/short fund. As of Dec. 31, 20 it had a 13F assets under management (AUM). Its top 10 positions make ...

Shares of crypto company Coinbase (COIN 11.72%) jumped as much as 16.9% in trading on Friday after the company reported fourth-quarter 2023 financial results. Shares drifted lower late in trading and are up 13.5% at 2:30 p.m. ET. Coinbase's great quarterRevenue jumped nearly 50% to $953.8 million, easily topping the $826.1 million that analysts were expecting. Net income was $275.7 million, or $1.04 per share, which easily topped the $0.02 in earnings that analysts expected.Trading volume nearly doubled seq ...

Shares of Coinbase Global (COIN 15.40%) rose over 35% this week, according to data from S&P Global Market Intelligence. The leading cryptocurrency trading platform had strong earnings in the fourth quarter and 2023. With prices of cryptocurrency, such as Bitcoin, soaring again, investors have piled back into Coinbase -- and quickly. Bitcoin prices are currently over $52,000 but still below all-time highs.As of 11:30 a.m. ET on Friday, Feb. 16, Coinbase shares are up 192% in the last 12 months. Here's why th ...