![]() ![]() Davidson is below consensus estimates for Coinbase's transaction revenue, anticipating it fell 8.2% in Q4 to $541.4 million from $590.4 million. ![]() The figure represents 84% of Coinbase's non-trading revenue, the smaller side of its business that analysts of the crypto exchange look to for growth while crypto trading has proven sluggish during crypto winter.ĭ.A. ![]() ![]() In its third quarter, Coinbase posted $178.9 million in combined revenue from its staking, custody, and interest income business lines. Given recent actions by the SEC, it might not be as great as we thought." Coinbase Stock Fundamental Analysis: Huge Earnings And Sales Growth The cryptocurrency exchange reported fourth-quarter results Feb. and stocks reacted positively to the rescue of Credit Suisse and regional banks in the United States. By comparison, the S&P 500 Index SPX, -1.28 has fallen 7.1 over the past 12 months. However, the price already surged to 87 in February and then retraced. Check the Bitcoin technical analysis and forecasts. While Coinbase stock is up so far this year, over the past 12 months shares have fallen 64.3. Those at Atlantic Securities expect that the shares will be between 67 and 46. Currently, shares are nearly 30 lower than. Coinbase has swung from a 52-week high of 429 to a 52-week low of 208. "Recent notes have highlighted the opportunities of staking and stablecoins due to higher interest rates as potential windfalls for Coinbase. Coinbase stock price forecast 2023 Analysts have been relatively bearish on the Coinbase share price for a while. It would seem that Coinbase is very sensitive to cryptocurrency price trends. "We think this may prove to be just the first wave of political attacks on crypto,” the D.A. Bitcoin prices rally above 26,000 amid banking crisis, Fed interest rate outlook Coinbase says just no way to register with. (Photo by Jakub Porzycki/NurPhoto via Getty Images) Representation of cryptocurrency and Circle logo displayed on a screen in the background are seen in this illustration photo taken in Krakow, Poland on June 10, 2022. ![]()
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