Oppenheimer Stick to Their 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, which is approximately 84.45% above the present 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 among 16 TipRanks analysts is for a Moderate Buy rating of shares in Coinbase Global, with an average price target of $382.6.
The analysts price targets range from a high of $650 to a low of $225.

In its latest earnings report, released on 03/31/2021, the company reported a quarterly revenue of $1.8 billion and a net profit of $987.71 million. The company’s market cap is $50.23 billion.

According to TipRanks.com, Oppenheimer analyst Owen Lau is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 19.5% and a 86.87% success rate.

Coinbase Global Inc is a provider of end-to-end financial infrastructure and technology for the crypto-economy. It generates substantially all its net revenue from transaction fees from trades that occur on its platform. Geographically, it derives a vast majority of its revenues from the US followed by the rest of the world.

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