Coinbase Global, Inc. (NASDAQ: COIN) gains hedge fund interest, named one of the 12 most promising blockchain and crypto mining stocks. Compass Point maintains a bearish stance on COIN, raising price target to $277 with a “Sell” rating citing persistent share volatility post-earnings releases. Q3 revenue expected to beat estimates by 2%.

Compass Point projects a 3% increase in adjusted EBITDA for Coinbase Global, Inc. (NASDAQ: COIN) driven by Subscription & Services revenue. The company, serving retail, institutional, and developer clients globally, recently acquired Deribit leading to a projected revenue boost. Despite potential, Compass Point sees greater upside in certain AI stocks compared to COIN.

Investment firm believes AI stocks offer higher upside potential than Coinbase Global, Inc. (NASDAQ: COIN) with less downside risk. COIN, a cryptocurrency trading and custody platform, targets retail, institutional, and developer clients globally. For an undervalued AI stock with potential benefits from tariffs and onshoring trend, see free report on the best short-term AI stock.

Read more at Yahoo Finance: Compass Point Remains Bearish on Coinbase Global (COIN) Amid Persistent Volatility in Its Shares