營收預期上升，KBW 將 Coinbase 目標價提高至 130 美元

由於收入增加和調整後的 EBITDA 預估，Keefe, Bruyette & Woods (KBW) 將 Coinbase Global (COIN) 的 12 個月目標價從 160 美元上調至 130 美元。分析師預計 USDC 餘額和交易量的成長以及近期加密資產價格的上漲將推動 Coinbase 的獲利。

KBW Raises Coinbase Price Target to $130 Amid Revenue and Earnings Boost

隨著收入和盈利的增長，KBW 將 Coinbase 目標價提高至 130 美元

New York, NY - Keefe, Bruyette & Woods (KBW) has upgraded its 12-month price target for Coinbase Global (NASDAQ: COIN) from $160 to $130, citing a more optimistic outlook for revenue and adjusted EBITDA. The upward revision follows a review of the company's full-quarter volumes and end-of-period USDC balances.

紐約州紐約 - Keefe, Bruyette & Woods (KBW) 將 Coinbase Global（納斯達克股票代碼：COIN）的 12 個月目標價從 160 美元上調至 130 美元，理由是收入和調整後 EBITDA 前景更加樂觀。此次上調是在對公司全季交易量和期末 USDC 餘額進行審查之後做出的。

"We are raising our COIN estimates to reflect full quarter volumes and EOP USDC balances," said analysts led by Kyle Voigt. "However, we won't know the split between retail and institutional transaction volumes until COIN's earnings print, and this mix could still drive significant revenue variances vs. our estimate for the quarter."

以 Kyle Voigt 為首的分析師表示：“我們正在提高 COIN 預估，以反映整個季度的交易量和 EOP USDC 餘額。” 「然而，在 COIN 公佈收益之前，我們無法得知零售交易量和機構交易量之間的分配情況，而且這種組合仍可能導致收入與我們對本季度的預期相比出現重大差異。”

The investment bank also revised its COIN earnings per share (EPS) forecast for 2024 from $1.84 to $4.15 and for 2025 from $1.20 to $3.33. Additionally, they have introduced an EPS estimate for 2026 at $3.74, marking an 11.7% growth over the 2025 estimate.

該投資銀行還將 2024 年 COIN 每股盈餘 (EPS) 預測從 1.84 美元修正為 4.15 美元，將 2025 年預測從 1.20 美元修正為 3.33 美元。此外，他們還預測 2026 年每股收益為 3.74 美元，比 2025 年預測成長 11.7%。

The adjustments are primarily driven by the anticipated growth in the company's USDC balances and a more positive outlook on transaction volumes. The recent surge in crypto asset prices in the first quarter also contributed to the upward revision.

這些調整主要是由於公司 USDC 餘額的預期增長以及交易量更樂觀的前景推動的。最近第一季加密資產價格的飆升也促成了上調。

"We believe that Coinbase is well-positioned to benefit from the growth of the digital asset market," Voigt said. "The company has a strong track record of innovation and has built a large and loyal customer base. We expect COIN to continue to be a leader in the industry."

Voigt 表示：“我們相信 Coinbase 處於有利地位，可以從數位資產市場的成長中受益。” “該公司擁有良好的創新記錄，並建立了龐大而忠誠的客戶群。我們預計 COIN 將繼續成為行業的領導者。”

The move by KBW follows a recent upgrade by Goldman Sachs, which lifted its price target on Coinbase to $150 from $120. The analysts at Goldman Sachs cited the company's strong revenue growth and its potential to benefit from the adoption of digital assets.

KBW 此舉是在高盛最近上調 Coinbase 價格目標之後，將 Coinbase 的目標價從 120 美元上調至 150 美元。高盛分析師引用了該公司強勁的收入成長及其受益於數位資產採用的潛力。

Coinbase has faced headwinds in recent months due to the downturn in the crypto market. However, the company has taken steps to reduce its costs and improve its profitability. The upward revisions from KBW and Goldman Sachs suggest that analysts are becoming more optimistic about the company's long-term prospects.

近幾個月來，由於加密貨幣市場的低迷，Coinbase 面臨阻力。不過，該公司已採取措施降低成本並提高獲利能力。 KBW 和高盛的上調表明分析師對該公司的長期前景變得更加樂觀。

In a separate note, Needham & Company analyst John Todaro reiterated his "Buy" rating on Coinbase. Todaro believes that the company's recent investments in product development and technology will position it for long-term growth.

在另一份報告中，Needham & Company 分析師 John Todaro 重申了他對 Coinbase 的「買入」評級。托達羅相信，該公司最近在產品開發和技術方面的投資將為其實現長期成長做好準備。

"We believe that Coinbase is one of the best positioned companies in the digital asset industry," Todaro said. "The company has a strong management team, a large and loyal customer base, and a strong financial position. We expect COIN to continue to be a leader in the industry."

「我們相信 Coinbase 是數位資產產業中定位最好的公司之一，」托達羅說。 “該公司擁有強大的管理團隊、龐大而忠誠的客戶群以及強大的財務狀況。我們預計COIN將繼續成為行業的領導者。”

Overall, the analyst sentiment for Coinbase remains positive. The recent upward revisions from KBW, Goldman Sachs, and Needham & Company suggest that analysts believe the company is well-positioned to benefit from the growth of the digital asset market.

整體而言，分析師對 Coinbase 的看法仍然樂觀。 KBW、高盛和 Needham & Company 最近的上調表明分析師認為該公司處於有利位置，可以從數位資產市場的成長中受益。