收入预期上升，KBW 将 Coinbase 价格目标提高至 130 美元

由于收入增加和调整后的 EBITDA 预估，Keefe, Bruyette & Woods (KBW) 将 Coinbase Global (COIN) 的 12 个月目标价格从 160 美元上调至 130 美元。分析师预计 USDC 余额和交易量的增长以及近期加密资产价格的上涨将推动 Coinbase 的盈利。

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

随着收入和盈利的增长，KBW 将 Coinbase 目标价格提高至 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.

纽约州纽约 - Keefe, Bruyette & Woods (KBW) 将 Coinbase Global（纳斯达克股票代码：COIN）的 12 个月目标价格从 160 美元上调至 130 美元，理由是收入和调整后 EBITDA 前景更加乐观。此次上调是在对公司全季度交易量和期末 USDC 余额进行审查之后做出的。

"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 为首的分析师表示：“我们正在提高 COIN 预估，以反映整个季度的交易量和 EOP USDC 余额。” “然而，在 COIN 公布收益之前，我们无法得知零售交易量和机构交易量之间的分配情况，而且这种组合仍可能导致收入与我们对本季度的预期相比出现重大差异。”

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.

该投资银行还将 2024 年 COIN 每股收益 (EPS) 预测从 1.84 美元修正为 4.15 美元，将 2025 年预测从 1.20 美元修正为 3.33 美元。此外，他们还预测 2026 年每股收益为 3.74 美元，比 2025 年预测增长 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.

这些调整主要是由于公司 USDC 余额的预期增长以及交易量更加乐观的前景推动的。最近第一季度加密资产价格的飙升也促成了上调。

"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：“我们相信 Coinbase 处于有利地位，可以从数字资产市场的增长中受益。” “该公司拥有良好的创新记录，并建立了庞大而忠诚的客户群。我们预计 COIN 将继续成为行业的领导者。”

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 此举是在高盛最近上调 Coinbase 价格目标之后，将 Coinbase 的价格目标从 120 美元上调至 150 美元。高盛分析师引用了该公司强劲的收入增长及其受益于数字资产采用的潜力。

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.

近几个月来，由于加密货币市场的低迷，Coinbase 面临着阻力。不过，该公司已采取措施降低成本并提高盈利能力。 KBW 和高盛的上调表明分析师对该公司的长期前景变得更加乐观。

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.

在另一份报告中，Needham & Company 分析师 John Todaro 重申了他对 Coinbase 的“买入”评级。托达罗相信，该公司最近在产品开发和技术方面的投资将为其实现长期增长做好准备。

"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."

“我们相信 Coinbase 是数字资产行业中定位最好的公司之一，”托达罗说。 “该公司拥有强大的管理团队、庞大而忠诚的客户群以及强大的财务状况。我们预计COIN将继续成为行业的领导者。”

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.

总体而言，分析师对 Coinbase 的看法仍然乐观。 KBW、高盛和 Needham & Company 最近的上调表明分析师认为该公司处于有利位置，可以从数字资产市场的增长中受益。