Coinbase Global, Inc. (COIN) Rises But Trails Market: What Investors Should Know

From Nasdaq:

Coinbase Global, Inc. (COIN) closed at $128.95, a 0.59% change, falling short of the S&P 500’s 1.25% gain. The stock dropped by 15.79% in the last month compared to the Finance sector’s 2.58% loss and the S&P 500’s 1.58% gain.

The upcoming earnings release of Coinbase Global, Inc. is expected on February 15, 2024 with an anticipated EPS of -$0.06, a 97.56% increase compared to last year. A 16.34% increase in revenue of $731.94 million is projected. The Zacks Rank of #3 (Hold) is currently held by Coinbase Global, Inc.

The Securities and Exchanges industry is part of the Finance sector, currently ranking 38, putting it in the top 16% among all 250+ industries. The AI industry is forecasted to have an internet and iPhone-scale economic impact of $15.7 trillion by 2030.

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