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2021-07-28
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Is Coinbase Stock A Buy Right Now As Bitcoin Spikes Above $40,000
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{"i18n":{"language":"zh_CN"},"detailType":1,"isChannel":false,"data":{"magic":2,"id":803416793,"tweetId":"803416793","gmtCreate":1627456188112,"gmtModify":1633764822116,"author":{"id":3584786668414972,"idStr":"3584786668414972","authorId":3584786668414972,"authorIdStr":"3584786668414972","name":"Lim888","avatar":"https://static.tigerbbs.com/1e6c0b29781df97f0215fc9daa1e5e31","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[],"fanSize":8,"starInvestorFlag":false},"themes":[],"images":[],"coverImages":[],"extraTitle":"","html":"<html><head></head><body><p>Like</p></body></html>","htmlText":"<html><head></head><body><p>Like</p></body></html>","text":"Like","highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"favoriteSize":0,"link":"https://laohu8.com/post/803416793","repostId":1195565624,"repostType":4,"repost":{"id":"1195565624","pubTimestamp":1627455662,"share":"https://www.laohu8.com/m/news/1195565624?lang=&edition=full","pubTime":"2021-07-28 15:01","market":"us","language":"en","title":"Is Coinbase Stock A Buy Right Now As Bitcoin Spikes Above $40,000","url":"https://stock-news.laohu8.com/highlight/detail?id=1195565624","media":"investors","summary":"As the popularity of cryptocurrencies — especially Bitcoin and Ethereum — surges,Coinbase Global(COI","content":"<p>As the popularity of cryptocurrencies — especially Bitcoin and Ethereum — surges,<b>Coinbase Global</b>(COIN) is at the forefront of the cryptocurrency industry. After the company's hyped IPO, is Coinbase stock a buy or sell in the current stock market rally?</p>\n<p>The crypto giantlaunched its direct listingon the Nasdaq on April 14, pricing at 250 a share. Coinbase stock shot up nearly 72% to 429.54 before closing its first day of trading at 328.28, up 31.3%, for a valuation of $87.3 billion.</p>\n<p>Analysts expect the Coinbase IPO to give the cryptocurrency market increased validation.</p>\n<p>\"The Coinbase IPO is potentially a watershed event for the crypto industry and will be something the Street will be laser-focused on to gauge investor appetite,\" Wedbush analyst Dan Ives wrote in a note to clients. \"Coinbase is a foundational piece of the crypto ecosystem and is a barometer for the growing mainstream adoption of Bitcoin and crypto for the coming years.\"</p>\n<p>How Does Coinbase Make Money?</p>\n<p>Coinbaseis the largest U.S. cryptocurrency exchange. It lists about 50 cryptocurrencies for trading, led by Bitcoin and Ethereum.Bitcoin is the largest digital coinby market value and is up just 2% this year after falling sharply in recent months. Ethereum has more than doubled in 2021,according to Coindesk.</p>\n<p>Coinbase chargesfees of several percentage points to deposit funds and trade, which is one of the main ways the company makes money. Roughly 90% of the company's revenue, as of 2020, came from transaction fees from trading and services like storage.</p>\n<p>Coinbase Stock Fundamental Analysis: Huge Earnings And Sales Growth</p>\n<p>Ahead of the company's debut, Coinbaseissued estimateson April 6 for its first quarter ended March 31 and an outlook for the full year ending Dec. 31, 2021. The company expects verified users of 56 million with $223 billion assets on platform, representing an 11.3% crypto asset market share.</p>\n<p>On May 12, Coinbase reportedQ1 results that slightly missed estimates.The company showed total revenue of $1.801 billion on EPS of $3.05. Wall Street expected Coinbase to earn $3.07 a share on revenue of $1.81 billion. Earnings soared 2,350%, while sales spiked 845% vs. the year-ago period.</p>\n<p>COIN Stock Technical Analysis</p>\n<p>COIN stock is trading more than 40% off its post-IPO highs. Shares are no longer forming an IPO base due to the recent weakness. Keep an eye out for a new base to form, which would offer the stock's firstbuy point.</p>\n<p>According to the IBD Stock Checkup,Coinbase stockshows a mild 60 out of a perfect 99IBD Composite Rating. The Composite Rating helps investors easily measure a stock's fundamental and technical metrics. Weak IBD Composite Ratings are normal for new issues.</p>\n<p>Coinbase Stock News</p>\n<p>On April 22, Mizuho analyst Dan Dolev initiated coverage on the stock with a neutral rating and a 285 price target. \"Over time, Coinbase pricing — and industry pricing in general — may face downward pressure from platforms like PayPal and Cash App,\" Dolev commented. \"This is because PayPal and Cash App primarily use their crypto trading products as engagement tools, whereas Coinbase relies on its crypto trading products as its main source of revenue and profitability.\"</p>\n<p>On May 24, Goldman Sachs initiated coverage with a buy rating and a 306 price target. Goldman analyst Will Nance said in a note to clients that Coinbase is the best way to gain exposure to cryptocurrency ecosystems.</p>\n<p>On May 25, JPMorgan initiated coverage on Coinbase with an overweight rating and a 371 price target. In response, Coinbase stock surged 7.6%.</p>\n<p>On June 16, Canaccord Genuity started the stock with a buy rating and a 285 price target.</p>\n<p>Is Coinbase Stock A Buy Right Now?</p>\n<p>Coinbase stock tumbled 4.6% Tuesday.</p>\n<p>The price of Bitcoin traded around $38,400 in morning trade, according toCoindesk, after briefly surging above $40,000 Monday.</p>\n<p>For now, the stock is not a buy because it is not at the stock's new buy point, as it trades about 50% off its all-time high.</p>","source":"lsy1610449120050","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Is Coinbase Stock A Buy Right Now As Bitcoin Spikes Above $40,000</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIs Coinbase Stock A Buy Right Now As Bitcoin Spikes Above $40,000\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-28 15:01 GMT+8 <a href=https://www.investors.com/research/coinbase-coin-stock-buy-now/?src=A00220><strong>investors</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>As the popularity of cryptocurrencies — especially Bitcoin and Ethereum — surges,Coinbase Global(COIN) is at the forefront of the cryptocurrency industry. After the company's hyped IPO, is Coinbase ...</p>\n\n<a href=\"https://www.investors.com/research/coinbase-coin-stock-buy-now/?src=A00220\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"source_url":"https://www.investors.com/research/coinbase-coin-stock-buy-now/?src=A00220","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1195565624","content_text":"As the popularity of cryptocurrencies — especially Bitcoin and Ethereum — surges,Coinbase Global(COIN) is at the forefront of the cryptocurrency industry. After the company's hyped IPO, is Coinbase stock a buy or sell in the current stock market rally?\nThe crypto giantlaunched its direct listingon the Nasdaq on April 14, pricing at 250 a share. Coinbase stock shot up nearly 72% to 429.54 before closing its first day of trading at 328.28, up 31.3%, for a valuation of $87.3 billion.\nAnalysts expect the Coinbase IPO to give the cryptocurrency market increased validation.\n\"The Coinbase IPO is potentially a watershed event for the crypto industry and will be something the Street will be laser-focused on to gauge investor appetite,\" Wedbush analyst Dan Ives wrote in a note to clients. \"Coinbase is a foundational piece of the crypto ecosystem and is a barometer for the growing mainstream adoption of Bitcoin and crypto for the coming years.\"\nHow Does Coinbase Make Money?\nCoinbaseis the largest U.S. cryptocurrency exchange. It lists about 50 cryptocurrencies for trading, led by Bitcoin and Ethereum.Bitcoin is the largest digital coinby market value and is up just 2% this year after falling sharply in recent months. Ethereum has more than doubled in 2021,according to Coindesk.\nCoinbase chargesfees of several percentage points to deposit funds and trade, which is one of the main ways the company makes money. Roughly 90% of the company's revenue, as of 2020, came from transaction fees from trading and services like storage.\nCoinbase Stock Fundamental Analysis: Huge Earnings And Sales Growth\nAhead of the company's debut, Coinbaseissued estimateson April 6 for its first quarter ended March 31 and an outlook for the full year ending Dec. 31, 2021. The company expects verified users of 56 million with $223 billion assets on platform, representing an 11.3% crypto asset market share.\nOn May 12, Coinbase reportedQ1 results that slightly missed estimates.The company showed total revenue of $1.801 billion on EPS of $3.05. Wall Street expected Coinbase to earn $3.07 a share on revenue of $1.81 billion. Earnings soared 2,350%, while sales spiked 845% vs. the year-ago period.\nCOIN Stock Technical Analysis\nCOIN stock is trading more than 40% off its post-IPO highs. Shares are no longer forming an IPO base due to the recent weakness. Keep an eye out for a new base to form, which would offer the stock's firstbuy point.\nAccording to the IBD Stock Checkup,Coinbase stockshows a mild 60 out of a perfect 99IBD Composite Rating. The Composite Rating helps investors easily measure a stock's fundamental and technical metrics. Weak IBD Composite Ratings are normal for new issues.\nCoinbase Stock News\nOn April 22, Mizuho analyst Dan Dolev initiated coverage on the stock with a neutral rating and a 285 price target. \"Over time, Coinbase pricing — and industry pricing in general — may face downward pressure from platforms like PayPal and Cash App,\" Dolev commented. \"This is because PayPal and Cash App primarily use their crypto trading products as engagement tools, whereas Coinbase relies on its crypto trading products as its main source of revenue and profitability.\"\nOn May 24, Goldman Sachs initiated coverage with a buy rating and a 306 price target. Goldman analyst Will Nance said in a note to clients that Coinbase is the best way to gain exposure to cryptocurrency ecosystems.\nOn May 25, JPMorgan initiated coverage on Coinbase with an overweight rating and a 371 price target. In response, Coinbase stock surged 7.6%.\nOn June 16, Canaccord Genuity started the stock with a buy rating and a 285 price target.\nIs Coinbase Stock A Buy Right Now?\nCoinbase stock tumbled 4.6% Tuesday.\nThe price of Bitcoin traded around $38,400 in morning trade, according toCoindesk, after briefly surging above $40,000 Monday.\nFor now, the stock is not a buy because it is not at the stock's new buy point, as it trades about 50% off its all-time high.","news_type":1},"isVote":1,"tweetType":1,"viewCount":158,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":4,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/803416793"}
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