Coinbase Global, Inc. (NASDAQ:COIN) Could Explode in 2025

We recently published a list of 10 Stocks with Potential to Explode in 2025. In this article, we are going to take a look at where Coinbase Global, Inc.

Recently, we published a list of 10 Stocks with Potential to Explode in 2025. Among these stocks, Coinbase Global, Inc. (NASDAQ:COIN) stands out with its impressive upside potential, according to analysts.

As of March 18, analysts are optimistic about Coinbase Global, Inc. (NASDAQ:COIN), predicting an average upside potential of 89%. In contrast, the average Wall Street analyst stock tip has a hit rate of less than 50%, and time will tell if analysts’ predictions for COIN will be realized.

Chart: Benzinga Pro

Hedge Fund Sentiment Towards Coinbase Global, Inc. (NASDAQ:COIN)

In the fourth quarter, 69 hedge funds in the PHC’s portfolio had stakes in Coinbase Global, Inc. (NASDAQ:COIN), compared to 60 fully disclosed common stock positions in the prior quarter. The value of these positions increased by 102% to $9,608 million from $4,740 million in the third quarter.

Among the hedge funds, Point72 Asset Management had the largest position in Coinbase Global, Inc. (NASDAQ:COIN), with 12,000,000 shares valued at $2,076,000,000 at the end of the fourth quarter.

Meanwhile, ClearBridge Small Cap Deep Value Strategy is focused on investing in small-cap U.S. equities with a value orientation. The fund aims to capitalize on inefficiencies in the market and generate strong risk-adjusted returns. The fund’s portfolio is typically concentrated in 25 to 35 stocks, allowing for close monitoring and deep analysis of each investment.

The fund, managed by Ben Marucci, has outperformed its benchmark, the Russell 2000 Index, by a significant margin. Since inception in 2014, the fund has delivered an annualized return of 24.6% through November 30, 2023, compared to the benchmark’s 16.4% return over the same period.

Investors interested in learning more about Point72 Asset Management’s investment strategy can access the full investor letter for Q4 2024 here.

Coinbase Global, Inc. (NASDAQ:COIN) Stock Fundamentals

Coinbase Global, Inc. (NASDAQ:COIN) is a company that operates a platform for crypto assets in the U.S. and internationally. The company provides a consumer-grade interface to the blockchain ecosystem through its web and mobile applications, allowing users to easily buy, sell, convert, and manage the world’s most popular crypto assets.

Coinbase Global, Inc. (NASDAQ:COIN) began offering its services in 2012 with the launch of a Bitcoin (CRYPTO:BTC) broker and exchange. In 2014, the company introduced a U.S. dollar wallet, expanding its offerings. The company’s platform now supports a wide range of crypto assets, including Bitcoin, Ethereum (CRYPTO:ETH), Litecoin (CRYPTO:LTC), Bitcoin Cash (CRYPTO:BCH), Stellar (CRYPTO:XLM), Chainlink (CRYPTO:LINK), and others.

Coinbase Global, Inc. (NASDAQ:COIN) also provides liquidity, over-the-counter trading, custodial services, and asset management products to institutions. The company’s products and services are available in several countries around the world.

Coinbase Global, Inc. is a publicly traded company on the Nasdaq Global Select Market under the symbol COIN. The company’s stock has been volatile since its listing, but it has also shown signs of recovery and growth.

Coinbase Global, Inc. is a company that is closely followed by investors and analysts due to its role in the rapidly evolving crypto industry. The company’s stock price and financial performance will likely be influenced by several factors, including the regulatory environment for cryptocurrencies, the adoption rate of crypto assets by mainstream investors and institutions, and the company’s ability to innovate and expand its product offerings.output: We recently published a list of 10 Stocks with Potential to Explode in 2025. Among these stocks, Coinbase Global, Inc. (NASDAQ:COIN) stands out with its impressive upside potential, according to analysts.

As of March 18, analysts are optimistic about Coinbase Global, Inc. (NASDAQ:COIN), predicting an average upside potential of 89%. In contrast, the average Wall Street analyst stock tip has a hit rate of less than 50%, and time will tell if analysts’ predictions for COIN will be realized.

Chart: Benzinga Pro

Hedge Fund Sentiment Towards Coinbase Global, Inc. (NASDAQ:COIN)

In the fourth quarter, 69 hedge funds in the PHC’s portfolio had stakes in Coinbase Global, Inc. (NASDAQ:COIN), compared to