Coinbase Global, Inc. (NASDAQ:COIN) is one of the 11 Best Fintech Stocks to Buy Right Now. On June 25, Bernstein raised its price target for Coinbase Global, Inc. (NASDAQ:COIN) from $310 to $510 while keeping an “Outperform” rating.
The research firm pointed out that Coinbase Global, Inc. (NASDAQ:COIN) is “the most misunderstood company” in their crypto coverage universe. It dominates the US crypto trading market and it is the only crypto company in the S&P 500.
A shot of someone securely accepting crypto assets as payment, showcasing the company's payment solutions.
Bernstein analysts highlighted several key growth drivers for Coinbase Global, Inc. (NASDAQ:COIN). About 15% of the company’s total revenue comes from its stablecoin business, which is growing and is integrating with platforms like Shopify. As part of its institutional crypto services, the company also provides custody for 8 out of 11 Bitcoin ETF asset managers.
The firm also highlighted Coinbase Global, Inc.’s (NASDAQ:COIN) acquisition of Deribit, the largest crypto options exchange globally. Additionally, the company operates Base, which was described as “the largest and fastest chain on Ethereum forming the tokenization network.”
Bernstein analysts expect Coinbase Global, Inc. (NASDAQ:COIN) to benefit from new US legislation, specifically the GENIUS Act and the upcoming CLARITY Act. The research firm is forecasting more than double the consensus estimates for the company’s earnings per share in 2025 and 2026.
Coinbase Global, Inc. (NASDAQ:COIN) is an American crypto and fintech company that operates a platform for buying, selling, transferring, trading, staking, and storing cryptocurrency assets.
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