In a report issued on March 11, Dan Dolev from Mizuho Securities maintained a Hold rating on Coinbase Global (COIN – Research Report), with a price target of $220.00. The company’s shares closed last Monday at $153.84.
According to TipRanks.com, Dolev is a 1-star analyst with an average return of -0.5% and a 46.5% success rate. Dolev covers the Technology sector, focusing on stocks such as Automatic Data Processing, Fidelity National Info, and Robinhood Markets.
Currently, the analyst consensus on Coinbase Global is a Moderate Buy with an average price target of $304.93, representing a 90.6% upside. In a report issued on February 28, Compass Point also maintained a Hold rating on the stock with a $200.00 price target.
Based on Coinbase Global’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $1.31 billion and net profit of $406 million. In comparison, last year the company earned revenue of $585 million and had a net profit of $177 million.
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Coinbase Global Inc is a provider of end-to-end financial infrastructure and technology for the crypto-economy. It generates substantially all its net revenue from transaction fees from trades that occur on its platform. Geographically, it derives a vast majority of its revenues from the US followed by the rest of the world.
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