Coinbase Global, Inc. (COIN) outperforms the market with rising stock price

From Nasdaq Corporation

January 28, 2025 5:45:21 pm:

Coinbase Global, Inc. (COIN) closed at $281.82, up 1.38% from the prior day, outperforming the S&P 500. The company’s shares have risen 8.78% in the last month, surpassing the Business Services sector. Earnings report on Feb 13, 2025, projects an EPS of $0.87 and revenue of $1.59 billion, with a Zacks Rank of #3 (Hold).

Analysts recommend monitoring analyst projections for Coinbase Global, Inc. as revisions reflect evolving business trends. Empirical research shows estimate changes correlate with stock price performance. The Zacks Rank system, with a track record of superior performance, currently rates Coinbase Global, Inc. as a #3 (Hold) with a Forward P/E ratio of 79.82, higher than the industry average.

The Financial Transaction Services industry, part of the Business Services sector, holds a Zacks Industry Rank of 133, placing it in the bottom 48% of industries. The Zacks Industry Rank demonstrates that top-rated industries outperform the bottom half by a factor of 2 to 1. Investors can use Zacks.com to follow stock-moving metrics during trading sessions.

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Read more at Nasdaq: Coinbase Global, Inc. (COIN) Rises Higher Than Market: Key Facts