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Coinbase Shares Dip Despite Earnings Beat: Analysts Mixed On Future Prospects
Friday, August 4, 2023 - 11:17am | 555Coinbase Global Inc (NASDAQ:COIN) shares were trading slightly lower on Friday after the company issued earnings on Thursday. The cryptocurrency platform, currently under U.S. regulatory scrutiny, reported a loss of 42 cents per share, which beat the expected 78 cent loss, on revenues of $707.09...
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Coinbase Q1 Earnings Preview: What Analysts Are Saying, SEC Regulation & Other Items To Watch
Thursday, May 4, 2023 - 1:41pm | 958Cryptocurrency platform Coinbase Global (NASDAQ: COIN) is set to report first quarter financial results after market close Thursday. Here is a look at what analysts expect and what could be next for the company. Needham analyst John Todaro has a Buy rating and recently lowered the price target on...
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Is Coinbase Part Of 'Unhealthy Regulatory Climate'? 3 Analysts React To SEC Notice, See Upside, Downside Risks Increasing 'Substantially'
Thursday, March 23, 2023 - 11:17am | 748Cryptocurrency platform Coinbase Global Inc (NASDAQ: COIN) announced hasit received a Wells Notice from the Securities and Exchange Commission. The announcement came Wednesday after the market close, which sent the stock down. Here’s what analysts are saying about the potential...
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Coinbase Q4 Results And Guidance 'Encouraging' But Regulatory Risks Remain: Why Analysts Are Mixed On Ratings, Price Targets
Wednesday, February 22, 2023 - 12:05pm | 816Cryptocurrency platform Coinbase Global (NASDAQ: COIN) reported fourth-quarter financial results after market close Tuesday. Analysts are weighing in on the most important metrics from the report and the company’s outlook for 2023. The Coinbase Analysts: Raymond James analyst Patrick O’...
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Riot Platforms Is Flush With Cash, Debt Free And Will Gain Market Share: Analyst
Tuesday, February 21, 2023 - 11:27am | 267Riot Platforms Inc (NASDAQ: RIOT), considered one of the promising blockchain stocks, has almost doubled its share price year to date. Despite this rally, the stock is trading only at a modest premium to peers, according to Needham. The Riot Platforms Analyst: John Todaro initiated coverage on Riot...
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Coinbase Customers Are 'HODLing' While Company Cuts Costs: What 5 Analysts Are Saying After Q3 Earnings
Friday, November 4, 2022 - 1:39pm | 664Analysts are reacting to the third-quarter earnings report from Coinbase Global (NASDAQ: COIN). Here's the latest on what the company's user base and focus on costs mean for shares. The Coinbase Analysts: JMP Securities analyst Devin Ryan has an Outperform rating on Coinbase with a $...
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4 Coinbase Analysts Have Mixed Feelings On Q2 Earnings: Are There Glimmers Of Hope?
Wednesday, August 10, 2022 - 12:46pm | 592Cryptocurrency platform Coinbase Global Inc (NASDAQ: COIN) reported second-quarter financial results after market close Tuesday. Here’s what analysts are saying about the company, the crypto bear market and what’s ahead. The Coinbase Analysts: Bank of America analyst Jason Kupferberg...
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4 Coinbase Analysts On Q1 Earnings, Stock Plummet: Projections Include Short-Term Crypto Winter, Long-Term Growth
Wednesday, May 11, 2022 - 2:54pm | 575Cryptocurrency trading platform Coinbase Global Inc (NASDAQ: COIN) reported first-quarter financial results Tuesday. Analysts shared their takes on the company as shares hit new 52-week lows after the print. The Coinbase Analysts: Bank of America analyst Jason Kupferberg has a Buy rating on...
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Coinbase And This Cold Wallet Stock Look 'Quite Discounted' Ahead Of Potential Crypto Rally
Tuesday, April 19, 2022 - 12:51pm | 523Bitcoin (CRYPTO: BTC) is down about 10% year-to-date, but several crypto-related stocks have fallen significantly further. Needham & Company's John Todaro offered an explanation for the disconnection Tuesday on CNBC's "TechCheck." "Trading volume, which is generally...
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Bitcoin Miami 2022 Showed An Institutional Shift, Says Analyst
Wednesday, April 13, 2022 - 8:05am | 399Following the conclusion of the 2022 Bitcoin (CRYPTO: BTC) conference held in Miami, Florida, an analyst at Needham shared his key takeaways. More Institutional Participation: The 2022 conference stood out from the prior ones in that it had a more "institutional nature," analyst...
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Coinbase Analysts Laud Strong Q4 Performance, But Wary Of Imminent Regulatory Risk And Trading Volume Outlook
Saturday, February 26, 2022 - 10:43am | 672Coinbase Global, Inc. (NASDAQ: COIN) reported better-than-expected fourth-quarter results but signaled a slower start to fiscal year 2022. The softer outlook sent the shares of the cryptocurrency exchange lower on Friday. The Coinbase Analysts: Oppenheimer analyst Owen Lau maintained an...
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70% Of Shiba Inu Traders On Coinbase Are Now Buying: How Does This Compare To Last Month?
Friday, February 4, 2022 - 11:56am | 341A majority of investors trading Shiba Inu (CRYPTO: SHIB) on Coinbase Global Inc (NASDAQ: COIN) appear to be bullish on the meme-based cryptocurrency. What Happened: According to data from Coinbase, 70% of customers bought SHIB over the past day while 30% sold their tokens. These numbers...
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Coinbase Q4 Retail Activity Boosted By Shiba Inu's October Rally: Is Robinhood Missing Out?
Tuesday, February 1, 2022 - 2:44pm | 571Coinbase Global, Inc.'s (NASDAQ: COIN) fourth-quarter results may have benefited from strong retail trading volume, according to an analyst at Needham. SHIB Boost For Coinbase: Ahead of Coinbase's quarterly results, Needham analyst John Todaro raised his fourth-quarter revenue and...
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Why This Stock Is An Attractive Way To Play The Growing Crypto Asset Universe
Tuesday, August 24, 2021 - 10:55am | 360Given Coinbase Global, Inc.'s (NASDAQ: COIN) diverse offerings, an analyst at Needham sees strong upside potential for the shares. The Coinbase Analyst: John Todaro initiated coverage of Coinbase with a Buy rating and $420 price target, up about 64% from current levels. The Coinbase...
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Recent Bitcoin Developments Will Be Positive For Crypto Long-Term: John Todaro
Friday, July 2, 2021 - 4:30pm | 399The negatively perceived Bitcoin (CRYPTO: BTC) regulations in China will end up being positive for the cryptocurrency space longer-term, Needham's John Todaro said Friday on CNBC's "Squawk On The Street." What Happened: On June 20, China intensified...