Oppenheimer analyst Owen Lau maintained a buy rating on Coinbase Global on Tuesday, setting a price target of 444, or around 84.45% above the current share price of 240.72 $.

Lau expects Coinbase Global to post earnings per share (EPS) of $ 1.53 for the third quarter of 2021.

The current consensus between 16 TipRanks Analysts are for a moderate buy rating of Coinbase Global shares, with an average price target of $ 382.6.
Analysts’ price targets range from a high of $ 650 to a low of $ 225.

In its latest earnings report, released on 3/31/2021, the company reported quarterly revenue of $ 1.8 billion and net income of $ 987.71 million. The company’s market capitalization is $ 50.23 billion.

According to TipRanks.com, Owen Lau, Analyst at Oppenheimer is currently rated with 5 stars on a 0 to 5 star rating scale, with an average performance of 19.5% and a success rate of 86.87%.

Coinbase Global Inc is an end-to-end financial infrastructure and technology provider for the crypto-economy. It generates almost all of its net income from the transaction fees of transactions made on its platform. Geographically, it derives a large majority of its income from the United States, followed by the rest of the world.

Fusion media or anyone involved with Fusion Media will accept no responsibility for any loss or damage resulting from reliance on any information, including data, quotes, graphics and buy / sell signals contained in this website. Please be fully informed about the risks and costs associated with trading in the financial markets, it is one of the riskiest forms of investing possible.