From Nasdaq:



In 2022, Coinbase suffered a 59% revenue decline and a $2.7 billion net loss, causing an 86% drop in shares. However, in 2023, the stock has skyrocketed by 400%. Investors should consider three key points before buying Coinbase’s stock. First, management aims to diversify the business beyond trading activities and transaction revenue. Secondly, Coinbase is on the path to becoming profitable again after the crypto market downturn. Finally, the company’s success is still tied to the rise of cryptocurrency prices, which presents risks. Ultimately, investing in Coinbase is a bet on the growth of the overall cryptocurrency market. Investors should be cautious and consider other potential stock options. The article suggests that Coinbase Global did not make the cut for the 10 best stock picks recommended by Stock Advisor, a service known for providing guidance and regular updates from analysts.



Original: 3 Things You Need to Know if You Buy Coinbase Stock Today