Stock Coinbase is ‘Buy’ and can hit $ 350

HC Vainvright Analysts have launched a price for coinbases at $ 350 after a strong folding report on the fourth quarter, referring to company market shares and Bullish management prospects.

The coin reported 2.27 billion dollars in revenues for K4 2024, marking 88% increase in quarter quarter quarter and 138% of growing growth years. The results have exceeded the valve of Wall Street of approximately $ 1.8 billion, according to the cash notched with crypto.news.

CEO Brian Armstrong described The currently market environment as a “golden age for crippt”, emphasizing that increased regulatory clarity after choice is a key driver of industry growth.

The volume volumes increased by 132% quarter quarters to $ 439 billion, and the scope of retail trade, which jumps 176% to $ 94 billion and institutional volume increased 128% to $ 345 billion.

HC Vainvright Analytic Mike Colonneze claimed that the company was well set up to use favorable trends and despite almost 75% gain in the past year, supplies was still underestimated compared to its fair assessment.

“Everything is said, here we remain customers and set the target target at $ 350 of $ 330,” Note Read.

The price of analyst price is based on 11.5 times multiple applications to its revenue estimate of 2025. Year raised with $ 7.34 billion to $ 8.4 billion.

New customers and profitable subscriptions

The company’s monthly transaction users increased 24% to 9.7 million, with half of their shoppers or new or re-activated after more than a year of sleep.

Subscription and revenue from services has also exceeded expectations, coming in the amount of 641.1 million dollars, encouraged Blocckain award and increased subscriptions for which.

For K1 2025, Coin Project design and revenue from services between $ 685 million and $ 765 million, outlasts $ 648 million consensus estimates. The company also expects to be continuous strength in USDC and higher marketing expenses.

Analysts believe that the coin is set to use evolving regulatory landscape and growing CRIPTO adoption, 28% income growth in the amount of 2025 to $ 8.4 billion.

The actions of the coin last is traded $ 276.50 on Native.