How high can Coinbase go? With bitcoin surging to about $60,000 each (up 117 percent so far this year), Coinbase's stock price may go from the current $333 a share to $500 per share... or more, analysts predict. Still, you can't help feeling that this is all, in Scott's memorable term, "frothy."
Full Answer
What is Coinbase worth?
Mar 01, 2022 · There are currently 21 analysts offering 12-month price predictions for COIN stock. Based on the highest of those expectations, we could see …
What happened to Coinbase (coin)?
Apr 15, 2021 · Coinbase stock soared to value the company at a high of $112bn as it became the first major cryptocurrency company to go public.
Is the $600 price of coin already outdated before the Coinbase IPO?
Apr 13, 2021 · Coinbase’s $100 Billion Valuation. Founded in 2012, the cryptocurrency exchange Coinbase is expected to go public in a direct listing on April 14 at a $100 billion valuation. Coinbase takes a ...
Is Coinbase stock a buy at $450?
Nov 05, 2021 · The Crypto.com Coin (CCC: CRO-USD) has taken a rocket ship-esque trajectory after being listed on the coveted Coinbase (NASDAQ: COIN) crypto trading platform.Indeed, the CRO crypto is up nearly 24 ...
How much will Coinbase stock go up?
Coinbase Stock Price Prediction Based on the assumption that sell-side target prices are usually set with a one-year time horizon, the market consensus' view is that Coinbase's stock price will rise by +89% from $191.97 as of January 21, 2022 to $362.70 in the next one year.Jan 25, 2022
Will Coinbase be a good stock?
While investors are factoring some amount of cyclicality into Coinbase's revenues, given the nature of crypto prices, which in turn impact the company's trading revenues, we still think the stock remains a good value. We value the stock at about $295 per share, which represents a potential upside of about 15%.Feb 1, 2022
What will Coinbase be worth?
At $86 billion, Coinbase's market value exceeds that of the stock exchanges its shares will trade on: Nasdaq's market cap is $26 billion, while ICE, the parent company of the N.Y.S.E., is valued at $67 billion. And by the way, Goldman Sachs's market value is $111 billion.Jun 25, 2021
Is Coinbase a long-term investment?
The consensus recommendation among 23 analysts surveyed by Yahoo Finance is “buy.” The analysts' average price target is $315.21 — 90% higher than the closing price of $165.75 on March 4, suggesting Coinbase could be a solid long-term investment for investors who feel comfortable with the heightened risks inherent in ...Mar 8, 2022
Is Coinbase good for long-term investing?
Coinbase's easy-to-use interface, educational tools, and strong security measures make it a great choice for anyone looking to begin investing in cryptocurrency. If you're just looking to put some extra cash into Bitcoin as a long-term investment, Coinbase simplifies the process.Feb 18, 2022
Is Coinbase going to rise?
The Stock Rises. Coinbase is one of Oppenheimer's top picks for the year ahead because of the continued adoption of digital assets by both institutions and retailers. Analysts at Oppenheimer rate the stock at Outperform with a $444 price target.Dec 22, 2021
Which cryptocurrency should I invest in 2021?
Bitcoin (BTC) Market cap: $880 billion. ... Ethereum (ETH) Market cap: $415 billion. ... Tether (USDT) Market cap: Over $79 billion. ... Binance Coin (BNB) Market cap: Over $68 billion. ... U.S. Dollar Coin (USDC) Market cap: Over $53 billion. ... Solana (SOL) Market cap: $44.5 billion. ... XRP (XRP) Market cap: $40 billion. ... Cardano (ADA)More items...•Apr 7, 2022
Who are Coinbase competitors?
Coinbase's competitorsCoinbase.Robinhood.Blockchain.Binance.Bittrex.Bitfinex.
How much is coin stock worth in 2022?
COIN stock is richly valued. Based on the 2022 consensus revenue estimates of $4.82 billion, it's valued at around 12x of the expected 2022 sales. The multiples are way above what other “mainstream” exchanges like Nasdaq trade at.
When did Coinbase go public?
Coinbase (COIN) went public in April through a direct listing at a reference price of $250. The stock went on to hit a high of $429.54. However, last week it fell to almost $250 before rebounding.
What is the target price of Coinbase?
Coinbase has a median target price of $450, which is a premium of 54 percent over the current prices. Its highest target price of $650 is 121 percent above current prices, while the lowest target price of $250 is a potential downside of 14.7 percent.
How much commission does Coinbase charge?
Meanwhile, Coinbase charges up to 4 percent commission for transactions on its platform.
What are the negatives of Coinbase?
With all this startlingly rapid growth and considerable profitability, what’s not to like about Coinbase shares? Here are four notable negatives on the stock: 1 The $100 billion valuation is more than that of the two largest stock exchanges 2 Coinbase’s transaction fee could be driven down by competition 3 Coinbase is radically increasing marketing spend to hold on to its market share 4 Crypto are not mainstream currencies
How much is Coinbase trading in 2020?
Specifically, Coinbase nabbed about 0.57% of the $193 billion in crypto trading volume in 2020. Coinbase revenues rose 139% in 2020 from $534 million in 2019, according to its prospectus. The trading volume on Coinbase soared nearly 142% in 2020 from about $80 billion in 2019. In addition to the rapid growth, Coinbase made a $322 million profit in ...
When will Coinbase go public?
Founded in 2012, the cryptocurrency exchange Coinbase is expected to go public in a direct listing on April 14 at a $100 billion valuation. Coinbase takes a piece of every bitcoin transaction on its platform. In 2020, its revenues totaled $1.28 billion — 86% of which came from those transaction fees.
Who is the CEO of Coinbase?
BEVERLY HILLS, CALIFORNIA - OCTOBER 23: Brian Armstrong, cofounder and CEO of Coinbase speaks ...
Is Coinbase bullish?
Coinbase’s prospectus is bullish on main street adoption of crypto — noting that it “has the potential to be as revolutionary and widely adopted as the internet.”. Surveys suggest much needs to be done to realize that potential.
How much money did Coinbase make in 2020?
In addition to the rapid growth, Coinbase made a $322 million profit in 2020 (compared to a $30 million loss in 2019). The first quarter of 2021 brought even faster growth. According to an SEC filing, Coinbase estimated that revenue in the quarter totaled $1.8 billion — 906% more than the first quarter of 2020’s $179 million.
How much does Coinbase spend on marketing?
Coinbase may be concerned about competition and is substantially increasing how much it spends on marketing. Coinbase’s first-quarter update anticipated sales and marketing expense in the range of 12% to 15% of net sales — nearly three times what it spent in 2020.
What are the results of Q1 2021?
Q1 2021 estimated results 1 Verified users of 56 million 2 $1.8 billion in total revenue, a 207% increase from the fourth quarter of 2020 3 Net income of approximately $730 million to $800 million 4 Adjusted EBITDA of approximately $1.1 billion
What is transaction revenue?
Transaction revenue is based on transaction fees that are either a flat fee or a percentage of the value of each transaction. So, in short, the higher the price of Bitcoin, the higher the fee. During a bear market, crypto prices go down and so will the revenue from those fees.
Does Square have Bitcoin?
Square holds Bitcoin on its balance sheet, so you get exposed to that; you get exposed to the Bitcoin trading on Cash App as well, and hopefully, in the future, it will add more assets such as Ethereum and Ripple. And ultimately, you get exposed to everything else Square does.
