Coinbase股票在2025年可以飛行多高？

考慮到Oppenheimer最近將其對公司股票的價格目標提高到388美元，Coinbase股票對好的SEC新聞的雜亂無章的回應可能是一個購買機會。

Coinbase (NASDAQ:COIN) hopes that the Securities and Exchange Commission (SEC) will dismiss all the outstanding cases against crypto firms by 2025.

Coinbase（NASDAQ：COIN）希望，證券交易委員會（SEC）將在2025年之前駁回針對加密貨幣公司的所有未償還案件。

According to Coinbase CEO Brian Armstrong, the regulator has about 100 active cases, which it opened during the Trump administration. Armstrong now hopes that the regulator will clear the docket.

據Coinbase首席執行官布萊恩·阿姆斯特朗（Brian Armstrong）稱，監管機構有大約100個活躍案件，這是在特朗普政府期間開放的。現在，阿姆斯特朗希望監管機構能清除案卷。

“Hopefully, the SEC will dismiss all the bogus cases (there are about 100) by 2025, which will create a domino effect for the rest of the industry.”

“希望到2025年，SEC將駁回所有偽造案件（大約有100個），這將為整個行業帶來多米諾骨牌效應。”

Coinbase itself faced an SEC probe in 2021 over allegations that it allowed Americans to trade digital assets that were not registered with the regulator. However, both parties settled the case without any admission of wrongdoing.

Coinbase本身在2021年面臨SEC調查，該指控允許美國人交易未在監管機構註冊的數字資產。但是，雙方都在沒有任何不當行為的情況下解決了該案。

Coinbase stock was down 4.5% at the last check on Feb. 21, following a modest gain of 1.4% in 2023 so far.

在2月21日的最後一次檢查中，Coinbase的股票下跌了4.5％，此前2023年在2023年的1.4％收益下降。

COIN stock is up over 1,100% since its direct listing in April 2021. However, the crypto exchange operator saw its stock lose over 80% in 2022 amid the broader market downturn and the collapse of several major crypto firms including FTX and BlockFi.

自2021年4月的直接上市以來，硬幣股票上漲了1,100％。但是，加密貨幣交易所的股票在2022年的股票下降幅度較大，並且在更廣泛的市場下滑和包括FTX和Blockfi在內的幾家主要加密貨幣公司的崩潰之中，其股票損失了80％以上。

Coinbase hopes for a better 2025 as it aims to leave the crypto winter behind.

Coinbase希望擁有更好的2025年，因為它旨在將加密貨幣冬季拋在後面。

Coinbase stock closed at $249.04 on Feb. 21, valuing the company at about $40 billion. At the time of its listing, Coinbase was valued at over $90 billion.

Coinbase股票於2月21日收於249.04美元，對該公司的評價約為400億美元。在上市時，Coinbase的價值超過900億美元。

COIN stock hit a record high of $370 in April 2021, shortly after going public. Several analysts remain bullish on the stock with Oppenheimer recently raising its price target on COIN to $388 from a prior $300.

在公開上市不久之後，硬幣股票在2021年4月創下了370美元的創紀錄。幾位分析師仍然對該股票看漲，而Oppenheimer最近將其對硬幣的價格目標從前的300美元提高到了388美元。

Analyst Owen Lau is optimistic about Coinbase as it continues to dominate the crypto spot trading market.

分析師歐文·勞（Owen Lau）對Coinbase非常樂觀，因為它繼續主導加密現貨貿易市場。

“Coinbase now owns 67% of that market versus 64% only in November, as per his report this week. Lau also expects the company’s push to diversify its business model to help unlock further upside in its share price.”

“ Coinbase現在根據他本週的報告，現在只有67％的市場和64％的市場。劉還希望該公司推動其業務模式多樣化，以幫助以其股價上漲。”

Investors should note that Oppenheimer is not alone in remaining positive on Coinbase. The mean target on its stock currently sits at about $325, indicating potential upside of nearly 30% from current levels.

投資者應注意，Oppenheimer並不是一個人對Coinbase保持積極態度。目前，其股票的平均目標為325美元，表明當前水平的上漲空間接近30％。

Coinbase stock has a buy rating from 22 analysts, 10 have a hold rating, and two analysts are bearish on the stock with a sell rating, as per data汇总 by Yahoo Finance.

根據Yahoo Finance的數據匯總，Coinbase Stock的評級為22位分析師，10位分析師具有持有評級，兩名分析師對股票的看跌股票。

Coinbase Technologies Inc. (NASDAQ:COIN) Q4 2023 Earnings Call

Coinbase Technologies Inc.（NASDAQ：COIN）Q4 2023收入電話

January 26, 2024

2024年1月26日

Operator

操作員

Good afternoon, everyone, and welcome to the Coinbase Q4 2023 earnings call. Joining us today are Coinbase CEO, Brian Armstrong; and CFO, Alesia Haas.

下午好，每個人都歡迎來到Coinbase Q4 2023收入電話。今天加入我們的是Coinbase首席執行官Brian Armstrong；和CFO，Alesia Haas。

Before we begin, I'd like to remind everyone that we will be making forward-looking statements on this call. These statements are based on our current expectations and beliefs and are subject to a number of risks and uncertainties that could cause actual results to differ materially from those described in these forward-looking statements.

在開始之前，我想提醒所有人，我們將在此通話中發表前瞻性陳述。這些陳述基於我們當前的期望和信念，並受到許多風險和不確定性，這些風險和不確定性可能導致實際結果與這些前瞻性陳述中描述的結果有實質性差異。

We encourage you to review our earnings press release and SEC filings for a discussion of these risks and uncertainties. We assume no obligation to update any forward-looking statements, except as required by law.

我們鼓勵您查看我們的收入新聞稿和SEC文件，以討論這些風險和不確定性。除法律要求外，我們沒有承擔更新任何前瞻性陳述的義務。

With that, I'd like to turn the call over to Brian.

這樣，我想將電話交給布萊恩。

Brian Armstrong

布萊恩·阿姆斯特朗（Brian Armstrong）

Thanks for joining us today, everyone. I'll start with a quick overview of Q4 and then Alesia will provide more detail on the financials. After that, we'll open the call up for questions.

感謝您今天加入我們，大家。我將從第四季度的快速概述開始，然後Alesia將提供有關財務的更多詳細信息。之後，我們將打開電話以獲取問題。

We had a strong quarter to close out 2023, with total revenue of $2.3 billion, up 130% year-over-year. This was driven by a strong performance in our trading revenue, which increased by 140% year-over-year to $2.1 billion.

我們有一個強勁的季度，可以結束2023年，總收入為23億美元，同比增長130％。這是由於我們的交易收入的出色表現所驅動，同比增長140％，達到21億美元。

Our net income was $923 million for the quarter, compared to a net loss of $498 million in Q4 of 2022. We also generated positive adjusted net income of $1.2 billion in Q4, compared to an adjusted net loss of $344 million in the prior-year quarter.

Our net income was $923 million for the quarter, compared to a net loss of $498 million in Q4 of 2022. We also generated positive adjusted net income of $1.2 billion in Q4, compared to an adjusted net loss of $344 million in the prior-year四分之一.

Overall, we're pleased with our performance in Q4 and we're excited about the opportunities ahead for Coinbase in 2024.

總體而言，我們對第四季度的表現感到滿意，我們對2024年Coinbase的機會感到興奮。

With that, I'll turn the call over to Alesia.

這樣，我將電話轉換給Alesia。

Alesia Haas

Alesia Haas

Thanks, Brian. I'll now provide more detail on our financial results for the fourth quarter of 2023.

謝謝，布萊恩。現在，我將提供有關2023年第四季度財務業績的更多詳細信息。

Our

我們的