From Nasdaq

February 13, 2025 07:46:00 AM:

Coinbase (NASDAQ: COIN) went public in April 2021, with an opening stock price of $381. Trading volumes surged in 2020 and 2021 but dropped in 2022 and 2023 due to macroeconomic headwinds. The stock hit a record low of $32.53 in 2022 before rebounding to $267. Coinbase’s revenue and EBITDA are expected to grow in the coming years.

Coinbase’s recent success can be attributed to declining interest rates and the resurgence of the crypto market. As of now, Coinbase generates most of its transaction revenue from Bitcoin, Ethereum, and Solana. Analysts predict a 94% revenue increase and a 205% adjusted EBITDA surge for the company this year.

Analysts expect Coinbase’s revenue and adjusted EBITDA to grow at CAGRs of 6% and 9% from 2024 to 2026. The crypto market’s unpredictability makes these estimates uncertain. Coinbase’s stock could be undervalued if Bitcoin and Ethereum continue to rise. Bullish investors forecast Bitcoin to hit $1 million by 2030 and Ether’s price to triple to $7,300.

Consider investing in Coinbase Global, but also explore other stock options. The Motley Fool Stock Advisor team identified 10 top stocks for investors, excluding Coinbase. Past recommendations from the team have yielded significant returns. Stock Advisor offers guidance on portfolio building and provides two new stock picks monthly.

Read more at NASDAQ.: Where Will Coinbase Stock Be in 5 Years?