COIN stock has risen 27.8% in 6 months, potential for better returns, positive.

From Nasdaq Corporation
January 24, 2025 11:48:00 AM:

Shares of Coinbase Global Inc. (COIN) have risen 27.8% in the last six months, outperforming the industry, sector, and the Zacks S&P 500 composite. COIN is America’s largest registered crypto exchange with a market cap of $74.1 billion and an average trading volume of 13 million shares in the last three months.

Expected benefits for COIN stock in Trump’s second term due to a pro-crypto environment and easing regulatory control. Coinbase Global’s VP for U.S. policy sees promise in a president embracing digital assets and creating an advisory council recognizing non-government expertise.

COIN stock is trading above its 50-day SMA, signaling a bullish trend. The average target price for COIN is $289.78 per share, suggesting a 2.1% upside. The company is expected to beat earnings estimates for Q4 2024 with a Zacks Rank #1 and an Earnings ESP of +51.52%.

Factors favoring COIN stock include higher crypto asset volatility, regulatory clarity, and growth in stablecoins. COIN is focusing on strengthening banking connections, acquiring licenses, expanding product ranges, and increasing market share in the crypto space.

Muted analyst sentiment for COIN as the Zacks Consensus Estimate for 2025 has decreased. COIN shares are trading at a premium to the industry average with a forward P/E of 84.86X. Despite the premium valuation, adding COIN stock for better returns is suggested.

Robinhood Markets (HOOD) and Interactive Brokers Group, Inc. (IBKR) are also trading at high multiples. Risks for COIN include operational risks, platform failures, and cybersecurity threats. However, COIN’s growth efforts and innovation could help accelerate its growth.

Interactive Brokers Group, Inc. (IBKR) and Robinhood Markets, Inc. (HOOD) are also trading at high multiples. Despite risks, COIN’s growth efforts and innovation could lead to better returns.

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