COIN Stock Rallies 22% YTD But Valuation Is Expensive: How to Play

Key Takeaways COIN trades at 49.85X forward P/E, far above the industry average of 23.76X.The company expands globally with new token sales, savings accounts, and stablecoin products.Analysts expect rising revenues but mixed earnings trends amid crypto market volatility.Shares of Coinbase Global (COIN) have gained 22.4% year to date, outperforming the industry, sector and the Zacks S&P 500 composite. COIN, a crypto leader, is poised to benefit from listing a broader range of crypto assets and tokenized equi ...