Is Coinbase a No-Brainer Stock to Buy Right Now?

Skyrocketing crypto prices are undoubtedly benefiting this business, whose shares have jumped 558% since the start of 2023. But with the top cryptocurrency stock still trading 35% below its peak price, you might be wondering if Coinbase is a no-brainer buy right now. I already mentioned Coinbase's soaring profitability. This was enabled by operating expenses that remained largely flat last quarter versus the year-ago period. The company is demonstrating that it can leverage its fixed costs, leading to highe ...