From Nasdaq

February 13, 2025 6:30:09 pm:

Coinbase Global, Inc. (COIN) saw a significant increase in revenue, reaching $2.27 billion for the quarter ended December 2024, up by 138.2% year-over-year. Earnings per share (EPS) also rose to $3.39 compared to $1.04 last year, surpassing Wall Street estimates.

Key metrics for Coinbase Global showed strong performance in the reported quarter, with trading volume, net revenue, and transaction revenue exceeding analyst estimates. The company’s net revenue from total subscriptions and services, as well as transaction revenue, showed substantial growth compared to the previous year.

Shares of Coinbase Global have remained stable in the past month, with a Zacks Rank #2 (Buy) suggesting potential outperformance in the near term. Analysts predict the stock could see significant gains, making it a top pick for investors looking for growth opportunities in the financial sector.

Zacks Research Chief identifies Coinbase Global as a stock with the potential to double in value. With a large and growing customer base, innovative financial solutions, and strong performance metrics, the stock is positioned for significant growth according to Zacks’ analysis. Investors can access more top stock recommendations from Zacks Investment Research.

Read more at Nasdaq: Coinbase Global (COIN) Q4 Earnings: How Key Metrics Compare to Wall Street Estimates