Coinbase received major price-target hikes from H.C. Wainwright and other firms after beating sales and earnings expectations in Q3. Rising crypto valuations and regulatory dynamics could drive Coinbase stock higher. The company reported non-GAAP earnings per share of $1.44 on sales of $1.87 billion in Q3, outperforming analyst estimates significantly. Coinbase stock is up 41% year to date with a 21% upside potential according to H.C. Wainwright’s new price target. Bullish crypto market momentum and favorable regulatory dynamics are fueling the stock’s growth. Coinbase’s impressive forward guidance includes a projected October transaction revenue of $385 million and strong growth in revenue from stablecoins and Coinbase One subscription service. Consider the 10 best stocks recommended by the Motley Fool Stock Advisor team before investing in Coinbase Global. The team has a history of market-crushing returns and could help you make informed investment decisions.

Read more at Nasdaq: This Wall Street Analyst Just Upgraded Coinbase to a Buy. Here Are 4 Tailwinds Fueling the Stock.