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.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
This news is republished from another source. You can check the original article here