COIN - Is Coinbase Global Stock a Buy?
2024-05-08 06:25:00 ET
Coinbase Global (NASDAQ: COIN) , one of the world's largest cryptocurrency exchanges, posted its first quarter report on May 2. Its revenue rose 112% year over year to $1.64 billion and beat analysts' estimates by $300 million. Its EPS of $4.40 also cleared the consensus forecast by $3.33 and improved from its net loss of $0.34 per share a year earlier.
Coinbase's growth rates look healthy, but does its stock still have room to run after rallying more than 330% over the past 12 months? Let's review its recent tailwinds, upcoming challenges, and valuations to find out.
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Is Coinbase Global Stock a Buy?