Investing in COIN stock looking for short-term gains, in our opinion, is a very high-risk bet and a bet that is unlikely to pay off amid macroeconomic and company-specific challenges faced by Coinbase. With a long-term view in mind, however, we find Coinbase stock attractive at these prices.Jul 1, 2022
Why is COIN stock dropping?
Shares of Coinbase closed down 26% on Wednesday after the company reported shrinking revenue and declining users. Coinbase said Tuesday that revenue fell 27% year-over-year to $1.17 billion, which was below Wall Street’s projected $1.48 billion. It also said it lost $430 million in the first quarter.
What is the price prediction for COIN stock?
Coinbase Global Inc (NASDAQ:COIN) The 21 analysts offering 12-month price forecasts for Coinbase Global Inc have a median target of 100.00, with a high estimate of 220.00 and a low estimate of 42.00. The median estimate represents a +10.69% increase from the last price of 90.34.
What is the true value of Coinbase?
Free Cash Flow is expected to rise to about 11.6 B this year, although Enterprise Value will most likely fall to about 46.4 B. Coinbase Global shows a prevailing Real Value of $161.43 per share. The current price of the firm is $90.39.
Is coin stock a buy sell or hold?
The consensus among 20 Wall Street analysts covering (NASDAQ: COIN) stock is to Buy COIN stock.
Which coin is best to buy now?
7 best cryptocurrencies to buy now:Bitcoin (BTC)Ether (ETH)Solana (SOL)Avalanche (AVAX)Binance Coin (BNB)Tron (TRX)Cosmos (ATOM)