Coinbase Global Inc Stock Forecast
According to the predictions of 32 analysts, Coinbase Global Inc is expected to have an average target price of USD 59.64 in the coming 12 months. The overall opinion of analysts regarding Coinbase Global Inc is “Hold”. However, based on Stock Target Advisor’s analysis, which takes into account 3 positive signals and 5 negative signals, the outlook is slightly bearish. As of the last trading day, the stock price for Coinbase Global Inc was USD 53.44, which represents a decrease of 17.16% over the past week, 6.39% over the past month, and 66.61% over the last year.
Analysts Coverage Change:
- Oppenheimer & Co. maintains an “Outperform” rating for Coinbase Global Inc and lowers the price target to $70 from $84 on the company’s stock.
- JMP Securities has reiterates their “Market Outperform” rating and maintains the price target of $90.
Positive Fundamentals:
Coinbase Global stock is currently trading at a lower price compared to its peers based on two key financial metrics: price to earnings (P/E) and price to book value (P/B). This suggests that the stock may be underpriced relative to its earnings and book value.
Additionally, Coinbase has low levels of debt compared to its industry peers, which provides the company with more flexibility and less financial risk. However, it’s important to note that low debt levels can also indicate that the company is not growing and may have limited growth potential.
To determine if Coinbase Global stock is a good investment opportunity, it’s crucial to consider the company’s financial performance and industry news. It’s possible that there may be a specific reason why the stock is trading at a lower price, such as a decline in revenue or a negative news event. As with any investment, thorough research is necessary to make an informed decision.
Negative Fundamentals:
Coinbase Global is a company that is delivering below median risk adjusted returns when compared to its peers. While it may be outperforming in terms of returns, the returns are unpredictable, making it a potentially risky investment. Additionally, the total returns for this company are volatile and above the median for its sector over the past 5 years. Therefore, if you are considering investing in Coinbase Global, it’s important to have a high risk tolerance.
Furthermore, the company has had below median dividend returns over the past 5 years, which may be an issue for those looking for a steady stream of income. Moreover, the company has had negative total cash flow and negative total free cash flow in the most recent four quarters. This suggests that the company may be struggling to generate enough cash to fund its operations and invest in future growth. As such, potential investors should carefully evaluate the company’s financial health and stability before making any investment decisions.
FA Score (Fundamental Analysis):
The fundamental analysis of Coinbase Global Inc is “Slightly Bearish” with a FA score of 3.7 out of 10, where 0 is very bearish and 10 is very bullish.
