儘管樂觀的Q4收入報告，Coinbase（硬幣）股票下跌

Coinbase Global Inc（硬幣）的股票在周五的交易較低，即使該公司報告了樂觀的第四季度收入。該公司在一個令人興奮的收入季節報告了其季度業績。這是一些關鍵的分析師外賣。

Coinbase Global Inc (NASDAQ:COIN) shares were seen trading lower on Friday, despite the company reporting upbeat fourth-quarter revenues.

Coinbase Global Inc（NASDAQ：COIN）的股票在周五的交易較低，儘管該公司報告了樂觀的第四季度收入。

The company announced its quarterly results as a part of an exciting earnings season. Here are some key analyst takeaways.

該公司作為令人興奮的收入季節的一部分宣布了季度業績。這是一些關鍵的分析師外賣。

Goldman Sachs on Coinbase Global

Goldman Sachs在Coinbase Global上

Analyst Will Nance reiterated a Neutral rating, while increasing the price target from $340 to $350.

分析師將重申中性評級，同時將目標目標從340美元提高到350美元。

Coinbase Global’s fourth-quarter total revenue reached $2.272 billion, exceeding the consensus estimate of $1.862 billion by 22%, Nance wrote. Transaction revenues beat consensus by 33%, while subscription and services revenue came in 6% above, he added.

Nance寫道，Coinbase Global的第四季度總收入達到22.72億美元，超過了共識估計為18.62億美元，至22％。他補充說，交易收入比共識達到33％，而訂閱和服務收入上面有6％。

The strong results were driven by volume growth and sequentially flat take rate, the analyst stated. "Against the stronger topline growth, the company demonstrated prudent opex control, with EBITDA margins approaching 57% in the quarter," he further wrote.

分析師說，強大的結果是由體積增長和依次平坦的速度驅動的。他進一步寫道：“對於更強大的頂級增長，該公司表現出了審慎的OPEX控制，EBITDA的利潤率在本季度接近57％。”

Canaccord Genuity on Coinbase Global

Coinbase Global上的Canaccord Genuity

Analyst Joseph Vafi maintained a Buy rating, while raising the price target from $280 to $400.

分析師約瑟夫·瓦菲（Joseph Vafi）保持了買入評級，同時將目標目標從280美元提高到400美元。

Coinbase Global's revenues grew by 88% sequentially to $2.3 billion and adjusted EBITDA came in at $1.3 billion, Vafi said. "We believe this level of inherent profitability in the COIN model should be highlighted and we believe there is more operating leverage in a scenario where revenue moves higher," he wrote.

Vafi說，Coinbase Global的收入依次增長了88％，達到23億美元，調整後的EBITDA的收入為13億美元。他寫道：“我們認為，在硬幣模型中的這種固有的盈利能力應該得到強調，我們認為在收入更高的情況下，運營槓桿率更高。”

The company continues to gain market share, despite not being the lowest cost service provider, the analyst stated. The midpoint of management's first-quarter guidance for subscription and service revenue came in at $725 million, implies 13% sequential growth, he added.

分析師說，儘管不是成本服務提供商最低的，該公司仍繼續獲得市場份額。他補充說，訂閱和服務收入的第一季度指南的中點為7.25億美元，這意味著順序增長了13％。

Check out other analyst stock ratings.

查看其他分析師庫存評級。

JMP Securities on Coinbase Global

Coinbase Global上的JMP證券

Analyst Devin Ryan reaffirmed a Market Outperform rating, while lifting the price target from $400 to $475.

分析師德文·瑞安（Devin Ryan）重申了市場的表現，同時將目標目標從400美元提升到475美元。

Coinbase Global's revenues grew 138% year-on-year to $2.3 billion and adjusted EBITDA by nearly 300% to $1.3 billion, Ryan said. "Coinbase exited 2024 with enormous business momentum," he wrote.

瑞安說，Coinbase Global的收入同比增長138％，至23億美元，並將EBITDA調整了近300％，達到13億美元。他寫道：“ Coinbase以巨大的業務動力離開了2024年。”

Coinbase is benefiting from improving sentiment for the broader digital asset industry, the analyst stated. Management indicated that transaction activity had continued to grow at the same rate as in the fourth quarter, while projecting 13% sequential growth in Subscription & Services revenue for the first quarter, he added.

分析師說，Coinbase受益於改善廣泛數字資產行業的情感。管理層表示，交易活動的增長率與第四季度相同，同時預計第一季度的訂閱和服務收入的順序增長13％。

HC Wainwright on Coinbase Global

HC Wainwright在Coinbase Global上

Analyst Mike Colonnese reiterated a Buy rating, while increasing the price target from $330 to $350.

分析師Mike Colonnese重申了買入評級，同時將價格目標從330美元提高到350美元。

Coinbase Global continued to gain market share in a quarter that was strong for the broader crypto industry, Colonnese said. The company listed 13 new assets on the platform, which helped drive the 24% sequential rise in monthly transacting users (MTUs) in the quarter to 9.7 million.

Colonnese說，Coinbase Global繼續在四分之一的市場份額中獲得市場份額，這對更廣泛的加密貨幣行業來說是強大的。該公司在該平台上列出了13個新資產，這有助於在本季度將每月交易用戶（MTU）的24％順序上升提高到970萬。

"4Q call was the most bullish we have heard management on the future of crypto in the U.S.," the analyst wrote. The company guided to strong Subscription and Services revenue growth due to higher expected Stablecoin revenue, higher crypto asset prices and Coinbase One user growth, he further stated.

這位分析師寫道：“ 4Q電話是我們對美國加密貨幣未來的管理層的最看漲。”他進一步指出，該公司指導了由於預期的Stablecoin收入，更高的加密資產價格和Coinbase One用戶增長而導致強勁的訂閱和服務收入增長。

COIN Price Action: Shares of Coinbase Global were down 6.5% to $278.60 at the time of publication on Friday.

硬幣價格行動：週五出版時，Coinbase Global的股票下跌6.5％，至278.60美元。

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