Coinbase Global
NASDAQ: COINKey stats
Price chart
About Coinbase Global
Financial Services
Company profile
- IPO date
- Apr 15, 2021
- Website
- www.coinbase.com
Financials peers
How COIN compares to other large companies in the same sector.
| Company | Price | Today | Market cap | P/E |
|---|---|---|---|---|
 JPM JPMorgan Chase & Co. | $297.81 | -0.70% | $797.99B | 13.55 |
 V Visa Inc. | $325.75 | +1.00% | $605.48B | 27.50 |
 MA Mastercard Inc. | $494.20 | +0.87% | $436.67B | 28.05 |
 BAC Bank of America | $49.77 | -0.16% | $353.20B | 11.14 |
 MS Morgan Stanley | $192.51 | -1.04% | $303.64B | 16.76 |
Wall Street analyst ratings
DollarScout analysis
Editorial, not advice. See our methodology.
Bull case
Coinbase holds a strong position as one of the leading cryptocurrency exchanges in the market. Its competitive moat is built on a combination of brand recognition and a comprehensive product suite that includes trading, custody, and institutional services. With the increasing adoption of cryptocurrencies, Coinbase is well-positioned to capture the growing demand for digital currency trading. The company also benefits from the expanding institutional interest in crypto assets, which could provide substantial transaction and custody revenue growth. Analysts' strong buy consensus indicates confidence in its growth potential, despite the current bearish trend. The P/E ratio suggests it might still be of value compared to other tech-driven growth stocks in different industries, but this is a nuanced judgment.
Bear case
Despite a solid market position, Coinbase faces significant risks from regulatory scrutiny in the crypto sector. Changes in regulation could impact its operations and profitability. The bearish price trend reflects investor concerns about overvaluation at a P/E ratio of 35.17. Additionally, the company's high beta of 3.5569 indicates considerable stock price volatility, which may not appeal to risk-averse investors. It also contends with competition from other exchanges like Binance and Kraken, which could pressure profit margins. Finally, the volatile nature of cryptocurrencies themselves poses a risk, as they can significantly impact trading volumes and hence, Coinbase's revenue.
Who should buy COIN
Coinbase Global is an attractive option for aggressive investors who are bullish on the future of cryptocurrencies and have a high-risk tolerance. It’s best suited for those with a speculative portfolio segment looking to capitalize on the growth of the digital asset economy over the next 5 to 10 years.
Key risks
- Regulatory changes could significantly impact operations. - High stock volatility (beta of 3.5569) may deter conservative investors. - Rising competition from other crypto exchanges could compress margins. - Bearish price trends might indicate broader investor skepticism.
Where to buy COIN
Open an account with a broker we've reviewed and start trading Coinbase Global today.
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Recent COIN news
Following the official Senate confirmation of Kevin Warsh as the next Federal Reserve Chairman, risk assets are subject to a brutal, significant repricing. Read more here...
The S&P 500 Index ($SPX ) (SPY ) on Friday closed down -1.24%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed down -1.07%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -1.54%. June E-mini S&P futures (ESM26 ) fell -1.26%, and June E-mini Nasdaq futures...
Let's delve into the developments on the US markets one hour before the close of the markets on Friday. Below, you'll find the top gainers and losers within the S&P500 index during today's session.
Shares of Microsoft (NASDAQ:MSFT) are climbing in midday trading on Friday, up 4% to around $424.65 while the broader NASDAQ slides. The move stands out because nearly every other high-beta technology name is heading lower in the session. The NASDAQ 100 is down 1% intraday, with selling pressure concentrated in the names that have led ... Microsoft Rises 4%, Resists NASDAQ Downtrend
Bitcoin and Ethereum are turning bullish, lifting COIN shares, but GraniteShares 2x Long COIN Daily ETF offers the potential for greater rewards. More on CONL.
COIN is up 29% in three months, but a 66x forward P/E looks stretched. This is the reason investors may want a wait-and-watch stance.
Stay updated with the movement of S&P500 stocks in today's session. Discover which S&P500 stocks are making waves on Friday.
Hyperliquid-linked ETFs saw a surge in trading activity after Coinbase partnered with the DeFi platform for USDC liquidity management.
Disclaimer: The information on this page is provided for informational and educational purposes only and should not be considered financial, investment, or trading advice. DollarScout does not recommend buying or selling any specific security. Stock data may be delayed. Past performance is not indicative of future results. Always do your own research and consult a licensed financial advisor before making investment decisions.