FMP
May 17, 2024 2:41 PM - Davit Kirakosyan
Coinbase Global (NASDAQ:COIN) shares rose more than 2% pre-market today after BofA Securities analysts upgraded the company to Neutral from Underperform, raising their price target to $217 from $110.
The analysts noted that the current macro environment has positively impacted cryptocurrency market cap appreciation and trading volumes. They also highlighted Coinbase's disciplined approach to expenses and its ability to benefit from operating leverage following significant expense cuts in 2022, which should help maintain profitability.
Additionally, the increased diversification of Coinbase's revenue sources, which are less correlated with overall trading volumes, should reduce earnings volatility. However, the analysts also pointed out risks to this optimistic outlook, including Coinbase's continued dependence on transaction revenue for profitability, which accounted for 66% of total revenue in Q1/24, and the regulatory uncertainty associated with the ongoing SEC lawsuit.
Jan 16, 2024 4:18 PM - Samuel Abdelshahid
In the hustle and bustle of the trading world, having a trustworthy laptop is like having a reliable partner by your side. Making well-informed decisions and staying ahead of market trends become second nature with the right device. However, the quest for a budget-friendly trading laptop t...
Jan 21, 2024 4:00 AM - Parth Sanghvi
Introduction: In the world of financial analysis, a profound grasp of essential profitability metrics is vital. This blog delves into three pivotal metrics—ROE (Return on Equity), ROA (Return on Assets), and Net Profit Margin—offering clear insights without unnecessary complexity. Exploring RO...
May 14, 2024 11:41 AM - Sanzhi Kobzhan
A stock's target price, also known as its fair value, is an indication of what a share can cost based on the company’s forecasted financial statements. It is important to know a stock's fair value to find undervalued stocks with great growth potential. Let's consider how investment analysts calculat...