Coinbase (COIN) closed at $255.37, up 1.66%, with positive earnings and revenue forecasts.

From Nasdaq Media

January 14, 2025 5:45:20 pm:

In the latest trading session, Coinbase Global, Inc. (COIN) closed at $255.37, up 1.66% from the previous day, outperforming the S&P 500. The stock had lost 20.33% in the past month, lagging behind the Business Services sector and the S&P 500. Market watchers anticipate Coinbase to post earnings of $0.77 per share.

Coinbase Global, Inc.’s revenue is expected to be $1.55 billion, a 62.99% increase from the year-ago quarter. Analysts’ positive revisions in estimates indicate confidence in the company’s performance. The Zacks Rank model, with a rank of #1 (Strong Buy) for Coinbase, has historically outperformed, with a 25% annual gain since 1988.

The Financial Transaction Services industry, part of the Business Services sector, has a Zacks Industry Rank of 92, in the top 37% of all industries. Industries ranked in the top 50% outperform the lower half by a factor of 2 to 1. Explore Zacks.com for more insights on stock-moving metrics and upcoming trading sessions.

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Read more at Nasdaq: Why Coinbase Global, Inc. (COIN) Outpaced the Stock Market Today