From Nasdaq
June 10, 2025 1:33:00 pm:

Shares of Coinbase Global Inc. (COIN) have surged 33% in the last three months, outperforming its industry, sector, and the Zacks S&P 500 composite. As the largest registered crypto exchange in the U.S., Coinbase is positioned to capitalize on market volatility and rising crypto asset prices. The company is focusing on becoming a platform for businesses integrating cryptocurrency and is contemplating applying for a bank charter. Coinbase is actively expanding its product range, global presence, and international markets, aiming to reduce reliance on the U.S. market and broaden revenue streams. The company’s strong fundamentals include a focus on making USDC the dominant stablecoin worldwide, strategic investments, and partnerships with companies like Stripe and PayPal. Coinbase’s leverage ratio and times interest earned ratio reflect its solid financial position. The Zacks Consensus Estimate for 2025 and 2026 earnings has decreased in the last 30 days. Coinbase shares are trading at a higher price-to-earnings multiple compared to its industry average. Despite its premium valuation, Coinbase is focusing on growth through innovation and expanding its market share in the crypto industry. Maintaining a cautious approach is advised for this Zacks Rank #3 (Hold) stock. Volatility in cryptocurrency prices poses a risk to Coinbase’s financial health, but the company remains committed to growth and enhancing the trading experience for clients.

Read more at Nasdaq: COIN Outpaces Industry in 3 Months: Time to Buy the Stock?