Earnings estimates for Coinbase Global (COIN) are rising, with potential for stock price momentum
From
- Nasdaq
- January 20, 2025 12:20:03 PM
:
Coinbase Global, Inc. (COIN) has been showing solid improvement in earnings estimates, attracting investor interest. Analysts are optimistic about the company’s earnings prospects, with consensus estimates for the next quarter and full year on the rise. Current-quarter estimates are at $0.77 per share, while full-year estimates are at $5.59 per share.
The Zacks Rank system rates COIN as a Strong Buy, with a track record of outperformance. Earnings estimate revisions have been positive, with two estimates moving higher for both the current quarter and full year. This trend, along with a 6% increase in stock price over the past four weeks, suggests strong growth potential for COIN.
For investors seeking opportunities for growth, COIN may be a stock to watch. The company’s favorable estimate revisions and Zacks Rank of #1 (Strong Buy) indicate potential for further stock price momentum. With a history of strong performance, COIN could be a valuable addition to investment portfolios looking for growth potential.
Read more at Nasdaq: Earnings Estimates Rising for Coinbase Global (COIN): Will It Gain?