Coinbase (COIN) stock rises 1.1% with strong earnings growth forecast, outperforming market

From Nasdaq Corporation

September 20, 2024 5:45:19 pm:

Coinbase Global, Inc. (COIN) closed at $170.09, a 1.1% increase from the previous day, outperforming the S&P 500. The company is expected to have a 5000% year-over-year earnings growth. Analysts predict $0.49 per share earnings and $1.26 billion in revenue, with a Zacks Rank of #3 (Hold).

Valuation metrics show COIN has a Forward P/E ratio of 32.37, higher than the industry average of 16.61. The Financial Transaction Services industry, where COIN belongs, ranks in the top 31% of industries according to Zacks. Investors are advised to follow COIN on Zacks.com for updates.

Read more at Barchart: Coinbase Global, Inc. (COIN) Rises As Market Takes a Dip: Key Facts