From NASDAQ MarketSite:

Investors are taking notice of Coinbase Global, Inc. (COIN) due to its strong earnings outlook. Analysts are optimistic, leading to a rise in the company’s stock price. The Zacks Rank system shows a track record of success, with top-ranked stocks generating significant returns since 2008.

Analysts have raised earnings estimates for Coinbase Global, Inc., with projections for the current quarter up by +126.67% from last year. The consensus estimate for the company has also increased by 293.57% in the last 30 days due to positive revisions from analysts.

For the full year, Coinbase Global, Inc. is expected to earn $1.01 per share, reflecting a change of +172.97% from the prior year. Analysts have shown strong support for the company, with seven estimates moving higher in the past month and consensus estimates rising by 275.16%.

With promising estimate revisions, Coinbase Global, Inc. holds a Zacks Rank #1 (Strong Buy). Stocks with Zacks Rank #1 and 2 have historically outperformed the S&P 500. The company’s 33.9% gain in the past four weeks has drawn investors’ attention, highlighting its growth potential in the market.

Investors are looking to the future with ChatGPT Stocks, as Kevin Cook reveals five stocks with significant growth potential in Artificial Intelligence. The AI sector is expected to have a massive economic impact of $15.7 Trillion by 2030, making it a lucrative opportunity for investors seeking growth.



Read more: Can Coinbase Global, Inc. (COIN) Run Higher on Rising Earnings Estimates?