From Nasdaq:

Coinbase Global, Inc. has been one of the most searched-for stocks on Zacks.com lately. Over the past month, shares of the company have returned +14.3%, compared to the Zacks S&P 500 composite’s +2.8% change. The consensus forecast is for a loss of $0.19 per share for the current quarter, representing a year-over-year change of +92.3%.

The Zacks Rank classified Coinbase Global, Inc. as Zacks Rank #2 (Buy) with a projected revenue growth of +11.4% for the current quarter. The stock is rated as F on the Zacks Value Style Score and is considered to be trading at a premium to its peers. The company topped consensus revenue estimates each time over the last four quarters, with a significant positive EPS surprise.

The data and evidence on Zacks.com suggest that it’s worthwhile paying attention to Coinbase Global, Inc. Even though it is trading at a premium to its peers, the Zacks Rank #2 does suggest that it may outperform the broader market in the near term.



Read more: Coinbase Global, Inc. (COIN) Is a Trending Stock: Facts to Know Before Betting on It