Coinbase in growth mode amid the development of encryption: buying a classification and increasing the target price

Coinbase Global (currency – Research reportThe Financial Sector Company has been reviewed by the Wall Street analyst today. analyst Peter Christiansen From Citi kept a purchase classification on the arrow and has a target price of $ 350.00.

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Peter Christiansen gave its purchase classification due to a set of factors that highlight the capabilities of Coinbase Global Encryption Aesthetic view. The company is seen as in a strong position to take advantage of what could be a transformational period for the encrypted currency, with expectations of moving to a new era. This view indicates that Coinbase is about to benefit from investing “risks”, most likely suffers from fluctuations related to the broader total economic trends and regulatory changes. Coinbase expects to focus on expanding the interest of encryption, which is expected to provide long -term diversification and distinguish it from competitors.
Coinbase’s performance in the fourth quarter of 2024 is expected to be strong, with a noticeable increase in the net revenue driven by an increase after elections in encryption prices and trading sizes. The company is expected to achieve a significant increase in transactions and user participation, which supports optimistic revenue expectations. Christiansen’s analysis includes an updated revenue for the fiscal year 2024, which reflects a 9 % increase in expected revenue and a 16 % increase in modified Ebitda. In addition, strategic investments are expected to support user acquisition and develop growth products, although some expected contraction in profit margins before benefits, taxes, destruction and consumption. Consequently, the target price of Coinbase has been raised from $ 275 to $ 350, which enhances the purchase recommendation.

In another report issued today, Needham also maintained a $ 330.00 purchase rating.

Based on the activity of the last companies of 201, the feelings of internal companies are negative to stocks. This means that during the past quarter, there was an increase in the people who sell their shares from Coin in relation to earlier this year.