Coinbase Global (COIN) Upgraded to Strong Buy: Here's What You Should Know

Core Viewpoint - Coinbase Global, Inc. has been upgraded to a Zacks Rank 1 (Strong Buy) due to an upward trend in earnings estimates, which is a significant factor influencing stock prices [1][3]. Earnings Estimates and Stock Price Impact - The Zacks rating system focuses on changes in earnings estimates, which have a strong correlation with near-term stock price movements [4][6]. - Rising earnings estimates for Coinbase Global indicate an improvement in the company's underlying business, suggesting that investors may respond positively by driving the stock price higher [5][10]. Zacks Rating System - The Zacks Rank stock-rating system classifies stocks into five groups based on earnings estimates, with Zacks Rank 1 stocks historically generating an average annual return of +25% since 1988 [7][9]. - Only the top 5% of Zacks-covered stocks receive a 'Strong Buy' rating, indicating superior earnings estimate revisions and potential for market-beating returns [9][10]. Earnings Estimate Revisions for Coinbase Global - Analysts have increased their earnings estimates for Coinbase Global, with the Zacks Consensus Estimate rising by 67.7% over the past three months [8]. - The expected earnings per share for the fiscal year ending December 2025 is $4.56, reflecting a year-over-year change of -40% [8].