From Nasdaq
May 16, 2025 3:05 am:

Coinbase Global (NASDAQ: COIN) will join the S&P 500 on May 19, with a 643% increase since January 2023. Analysts predict a 52% upside to $400 per share. Statistics suggest a 12% climb post-inclusion in the S&P 500. The index is a key indicator of the U.S. stock market, tracking large companies’ market value.

Coinbase operates the largest U.S. crypto exchange, with Q1 revenue up 24% to $2 billion. Non-GAAP earnings fell 23% due to higher operating expenses. They plan to acquire Deribit, the top crypto options exchange, for $2.9 billion. Morningstar projects a $7.8 trillion crypto market by 2035, with potential for Coinbase to benefit.

Wall Street expects Coinbase’s earnings to grow 19% annually through 2026. The current valuation at 49 times earnings may seem expensive. Investors should consider waiting for a better entry point. For exposure to crypto, consider a spot Bitcoin ETF. The Motley Fool suggests other stocks for potential monster returns.

Read more at Nasdaq: Meet the Newest Stock in the S&P 500: It Has Soared 640% Since 2023 and Is Still a Buy in 2025, According to Certain Wall Street Analysts