Coinbase Price Prediction: Can COIN Reclaim Its All Time Highs?
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Coinbase Global's stock is trading at a discount, with a potential upside of 146.93% according to a 24/7 Wall St. price target of $414.47. The company's recent earnings showed mixed results, but regulatory approvals and expansion into new areas could drive growth.
Coinbase Global's stock is currently trading at $167.85. The company's recent earnings showed a 1.82% miss in revenue and a GAAP net income of -$667 million. However, adjusted net income was $178 million. Coinbase received conditional approval for a national trust company charter, which could unlock institutional custody mandates. The company's expansion into derivatives, stablecoins, and institutional services is also expected to drive growth. With a 90% confidence level, the price target of $414.47 is expected to be reached within 12 months.
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