Coinbase Global (NASDAQ:COIN) Share Price Rose 1.9% on Friday After Keefe, Bruyette & Woods Raised Their Price Target on the Stock From $165.00 to $275.00

COIN has been the topic of several other reports. Oppenheimer boosted their price objective on Coinbase Global from $265.00 to $358.00 and gave the stock an

Coinbase Global (NASDAQ:COIN) shares rose 1.9% on Friday after Keefe, Bruyette & Woods raised their price target on the stock from $165.00 to $275.00.

Coinbase Global shares traded as high as $280.90 and last traded at $279.15. Approximately 4,266,966 shares traded hands during mid-day trading, a decline of 62% from the average daily volume of 11,221,841 shares. The stock had previously closed at $273.92.

Coinbase Global has been the topic of several other reports. Oppenheimer boosted their price objective on Coinbase Global from $265.00 to $358.00 and gave the stock an “outperform” rating in a research note on Monday, November 25th. The Goldman Sachs Group increased their price target on Coinbase Global from $183.00 to $397.00 and gave the company a “neutral” rating in a report on Monday, December 2nd. Needham & Company LLC lifted their price objective on shares of Coinbase Global from $375.00 to $420.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Barclays increased their target price on shares of Coinbase Global from $204.00 to $355.00 and gave the company an “equal weight” rating in a research note on Monday, December 9th. Finally, B. Riley started coverage on shares of Coinbase Global in a research note on Wednesday, October 23rd. They set a “neutral” rating and a $185.00 price target for the company

One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat, Coinbase Global has an average rating of “Hold” and a consensus price target of $286.22.

Coinbase Global (NASDAQ:COIN – Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The cryptocurrency exchange reported $0.28 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.13). Coinbase Global had a net margin of 29.76% and a return on equity of 14.81%. The business had revenue of $1.21 billion for the quarter, compared to analysts' expectations of $1.26 billion. During the same quarter in the prior year, the company posted ($0.01) EPS. The business’s revenue for the quarter was up 78.8% on a year-over-year basis. As a group, research analysts anticipate that Coinbase Global, Inc. will post 4.44 earnings per share for the current fiscal year.

Coinbase Global, Inc provides financial infrastructure and technology for the crypto economy in the United States and internationally. The company offers the primary financial account in the crypto economy for consumers; and a marketplace with a pool of liquidity for transacting in crypto assets for institutions.

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