Coinbase stock initially rose due to positive news but later fell due to market volatility

From Nasdaq Corporation

April 9, 2025 6:14:00 pm:

Coinbase’s stock closed at $343.62 on Dec. 6, 2024, marking a 155% gain from the previous year. The rise was fueled by Trump’s election victory and the approval of Bitcoin ETFs by the SEC. However, the stock later plummeted to $160 due to market volatility and fears of a new crypto winter.

In the past few years, Coinbase experienced revenue surges and drops as crypto market trends shifted. Its revenue doubled in 2024 to $6.6 billion, driven by increased trading volumes and rising crypto prices. However, the stock’s performance remains tied to the unpredictable crypto market and macroeconomic factors.

Analysts predict a 24% increase in revenue and an 18% rise in adjusted EBITDA for Coinbase in 2025. With an enterprise value of $31.9 billion, the stock appears undervalued at four times sales and eight times adjusted EBITDA. However, uncertainties surrounding tariffs and market conditions could impact future performance.

Read more at Nasdaq: Where Will Coinbase Global Stock Be in 1 Year?