Oppenheimer sticks to buy rating for Coinbase Global By Investing.com
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.
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