Mizuho Securities analyst Dan Dolev maintained a Hold rating on Coinbase (NASDAQ:) Global on Wednesday, setting a price target of $300, which is approximately 1.84% below the present share price of $305.63.
Dolev expects Coinbase Global to post earnings per share (EPS) of $7.77 for the fourth quarter of 2021.
The current consensus among 17 TipRanks analysts is for a Moderate Buy rating of shares in Coinbase Global, with an average price target of $346.07.
The analysts price targets range from a high of $500 to a low of $160.
In its latest earnings report, released on 06/30/2021, the company reported a quarterly revenue of $2.23 billion and a net profit of $874.73 million. The company’s market cap is $80.04 billion.
According to TipRanks.com, Mizuho Securities analyst Dan Dolev is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 12.4% and a 62.26% success rate.
Coinbase Global Inc is a provider of end-to-end financial infrastructure and technology for the crypto-economy. It generates substantially all its net revenue from transaction fees from trades that occur on its platform. Geographically, it derives a vast majority of its revenues from the US followed by the rest of the world.
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