Coinbase Global Inc. (COIN:NSD) Analysts rate as a Strong Buy

STA Research
by: STA Research
Coinbase Global Inc. stock

Analysts rate Coinbase Global Inc. stock with a consensus Strong Buy rating with a 12-month average target price of $203.30 per share.

Moffett Nathanson lowers Coinbase Global target from $600 to $200

Based on the Coinbase Global Inc stock forecasts from 15 analysts, the average analyst target price for Coinbase Global Inc is USD 203.30 over the next 12 months. Coinbase Global Inc’s average analyst rating is Strong Buy. Stock Target Advisor’s own stock analysis of Coinbase Global Inc is Bullish, which is based on 10 positive signals and 3 negative signals. At the last closing, Coinbase Global Inc’s stock price was USD 61.36. Coinbase Global Inc’s stock price has changed by -8.64% over the past week, -70.16% over the past month and -74.69% over the last year.

In the United States and globally, Coinbase Global, Inc. provides financial infrastructure and technology for the crypto economy. Coinbase Global, Inc. is situated in Wilmington, Delaware, and was created in 2012.

What we like:

High market capitalization

This is one of the largest entities in its sector and is among the top quartile. Such companies tend to be more stable.

Low volatility

The stock’s annual returns have been stable and consistent compared to its sector peers(for a hold period of at least 12 months) and are in the top quartile. Although stability is good, also keep in mind it can limit returns.

Underpriced compared to earnings

The stock is trading low compared to its peers on a price to earning basis and is in the top quartile. It may be underpriced but do check its financial performance to make sure there is no specific reason.

Superior return on equity

The company management has delivered a better return on equity in the most recent 4 quarters than its peers, placing it in the top quartile.

Superior capital utilization

The company management has delivered a better return on invested capital in the most recent 4 quarters than its peers, placing it in the top quartile.

Superior return on assets

The company management has delivered a better return on assets in the most recent 4 quarters than its peers, placing it in the top quartile.

Positive cash flow

The company had positive total cash flow in the most recent four quarters.

Positive free cash flow

The company had positive total free cash flow in the most recent four quarters.

Superior Earnings Growth

This stock has shown top quartile earnings growth in the previous 5 years compared to its sector.

Superior Revenue Growth

This stock has shown top quartile revenue growth in the previous 5 years compared to its sector.

What we don’t like:

Poor risk-adjusted returns

This company is delivering below median risk-adjusted returns to its peers. Even if it is outperforming on returns, the returns are unpredictable. Proceed with caution.

Below median dividend returns

The company’s average income yield over the past 5 years has been low compared to its peers. However, it is not a problem if you are not looking for income.

Highly leveraged

The company is in the bottom half compared to its sector peers on debt to equity and is highly leveraged. However, do check the news and look at its sector and management statements. Sometimes this is high because the company is trying to grow aggressively.

 

 

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