From Nasdaq
February 17, 2025 07:30 AM:

Investors are cautious during earnings season due to high volatility. Coinbase stock saw a spike post-earnings, then dropped 7.1%. Despite strong financials, the decline may be due to already priced-in growth. Potential buying opportunity at $250 support level.

Coinbase reported $2.3 billion revenue in Q4 2024, 88% growth. App popularity surged, attracting millions of new users. Cash in custody grew to $9.3 billion, reflecting increased accounts and deposits. Retail investors flocking to cryptocurrencies likely driving growth.

Wall Street analysts bullish on Coinbase, reiterating market outperform rating with $475 price target. Market willing to pay premium for Coinbase’s potential outperformance. Premium justified by double-digit growth rates. Entry point at $250 key for investors.

MarketBeat identifies top analyst-recommended stocks for investors. Premium justified by Coinbase’s potential outperformance. Double-digit growth rates support premium valuation. Key entry point at $250 for investors. Wall Street bullish on Coinbase with $475 price target.

Read more at Nasdaq: Is Coinbase Stock a Buy After Earnings?