The average analyst target price for Coinbase Global Inc. over the next 12 months is USD 170.87, according on 19 analysts’ predictions for the Coinbase Global Inc. COIN stock forecast. The typical analyst recommendation for COIN stock forecast is Buy. Based on 9 positive and 4 negative signs, Stock Target Advisor’s own stock analysis of COIN stock forecast is Slightly Bullish. The stock price of Coinbase Global Inc. was USD 75.27 at the most recent closing. The stock price of Coinbase Global Inc. has changed by +22.17% over the last week, +24.05% over the past month, and -67.40% over the past year.
The technology and financial infrastructure for the cryptoeconomy in the United States and elsewhere are provided by Coinbase Global, Inc. The company provides institutions with a market with a pool of liquidity for transacting in crypto assets, the primary financial account in the cryptoeconomy for retailers, as well as technology and services that allow ecosystem partners to create crypto-based applications and securely accept crypto assets as payment. Based in Wilmington, Delaware and established in 2012, Coinbase Global, Inc.
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.
Underpriced compared to earnings
The stock is trading low compared to its peers on a price-to-earnings 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 compared to its sector in the previous 5 years.
Superior Revenue Growth
This stock has shown top quartile revenue growth compared to its sector in the previous 5 years.
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.
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.
Overpriced on a free cash flow basis
The stock is trading high compared to its peers on a price-to-free cash flow basis. It is priced above the median for its sectors. Proceed with caution if you are considering buying.