Latest news with #CoinbaseGlobal
Globe and Mail
2 hours ago
- Business
- Globe and Mail
Can COIN's Base App Power Web3 Growth and Revenue Diversification?
Coinbase Global Inc.'s COIN Base App, set to replace the existing Coinbase Wallet, represents a major milestone in the company's broader Web3 strategy. Natively built on Base—Coinbase's Ethereum Layer 2 network—the app provides users with a streamlined, user-friendly interface to access decentralized applications (dApps), conduct crypto transactions and engage in various on-chain activities. By simplifying the user experience and removing complex blockchain barriers, Base App aligns with Coinbase's mission to onboard the next billion users into the Web3 space. Notably, Coinbase becomes the first U.S.-based exchange to roll out a comprehensive super app that brings together key Web3 functionalities — wallet, DeFi, NFTs, and payments — within a single mobile platform. This move expands Coinbase's reach beyond its core trading business, allowing it to engage a wider consumer audience. The Base App serves as a key growth lever, deepening user participation in the on-chain ecosystem while opening up new monetization pathways. Importantly, the app enhances and diversifies Coinbase's revenue streams. As users tap into Web3 services, Coinbase stands to earn from token swaps, staking and other in-app offerings. Its integration with the Base network further allows the company to capture sequencer fees and benefit from rising on-chain activity. This strategic pivot reduces Coinbase's reliance on unpredictable trading volumes and fosters a more resilient, recurring revenue model centered on infrastructure usage and ecosystem expansion. What About COIN's Competitors? Robinhood Wallet drives Robinhood Markets ' HOOD expansion beyond traditional brokerage into self-custodial crypto, offering access to tokens, NFTs and future DeFi tools. By engaging crypto-native users, Robinhood diversifies its revenue streams. This positions Robinhood to capitalize on Web3 growth while reducing dependence on its core trading business. Block Inc.'s XYZ Bitcoin Wallet drives Block's growth by enabling self-custodial crypto access and empowering users with financial control. By simplifying Bitcoin storage and peer-to-peer transfers, it aligns with Block's mission of economic empowerment and reinforces its strategic position within the Bitcoin ecosystem and emerging Web3 landscape. COIN's Price Performance Shares of COIN have gained 69.1% year to date, outperforming the industry. Image Source: Zacks Investment Research COIN's Expensive Valuation COIN trades at a price-to-earnings value ratio of 75.03, above the industry average of 22.44. But it carries a Value Score of F. Estimates for COIN Witness Southward Movement The Zacks Consensus Estimate for COIN's second-quarter and third-quarter 2025 EPS has moved down 2 cents and 1 cent, respectively, over the past seven days. The same for full-year 2025 and 2026 EPS has decreased by 2 cents and 3 cents, respectively. The consensus estimate for COIN's 2025 and 2026 revenues indicates year-over-year increases. While the consensus estimate for COIN's 2025 EPS indicates a decline, the same for 2026 EPS suggests an increase. COIN stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. One Big Gain, Every Trading Day To help you take full advantage of this market, you're invited to access every stock recommendation in all our private portfolios - for just $1. Zacks private portfolio services that closed 256 double and triple-digit winners in 2024 alone. That's about one big gain every day the market was open. Of course, not all our picks are winners, but members have seen recent gains as high as +627% +1,340%, and +1,708%. Imagine how much you could profit with a steady stream of real-time picks from all our services that cover a number of strategies to suit a variety of investing and trading styles. See Stocks Now >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Coinbase Global, Inc. (COIN): Free Stock Analysis Report Robinhood Markets, Inc. (HOOD): Free Stock Analysis Report Block, Inc. (XYZ): Free Stock Analysis Report
Business Insider
3 days ago
- Business
- Business Insider
Crypto Stock Pioneers COIN, CRCL, and MSTR Set to Capitalize on Latest Bitcoin Surge
Bitcoin (BTC-USD) has soared to a new all-time high of $122,757, pulling a wave of crypto-related stocks up with it. More broadly, the U.S. stock market offers several strongly performing crypto options for investors to consider, including Coinbase Global (COIN), Circle Internet Group (CRCL), and MicroStrategy (MSTR). Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Whether you're a believer or a skeptic, it's becoming increasingly clear: Bitcoin—and the broader crypto ecosystem, including Ethereum (ETH-USD) and a host of altcoins—are cementing their place in the mainstream investment landscape. Crypto is gaining traction among both retail and institutional investors alike. Furthermore, a pro-crypto administration currently occupies the White House, and Ric Edelman, one of the nation's most influential financial advisors, has recently suggested allocating 10–40% of investment portfolios to crypto. The influential advisor has been bullish on crypto for several years, with TipRanks maintaining coverage throughout. Against this backdrop, here are three standout crypto stocks that equity investors may want to consider for gaining exposure to this rapidly expanding sector. Coinbase Global (NASDAQ:COIN) Any conversation about crypto-related stocks naturally starts with Coinbase (COIN)—the original publicly traded crypto giant and arguably still the most recognized name in the space. Its direct listing on the NASDAQ in 2021 marked a milestone moment, lending newfound legitimacy to the broader crypto industry. Coinbase is best known as a go-to exchange and brokerage platform for both retail and institutional investors. But its offerings extend well beyond trading: the company provides secure crypto custody, staking services, crypto-reward credit cards, and even direct deposit options that allow users to receive paychecks in cryptocurrency. With a platform holding $328 billion in assets, quarterly trading volume of $393 billion, and a market cap nearing $100 billion (as of the latest earnings report), Coinbase sits at the intersection of crypto's mainstream adoption and its market upside. It's not only facilitating the growth of the ecosystem, it's one of the biggest beneficiaries of it. For investors bullish on the long-term future of crypto, Coinbase is a cornerstone stock. That said, valuation is the one caveat. After surging 65% over the past year, the stock is trading at about 67x projected 2025 earnings, rich by most standards. However, on a price-to-sales basis, it looks more grounded at roughly 13x 2025 revenue estimates. Even so, for those with a long-term view on crypto, Coinbase remains a compelling bet. Is COIN a Good Stock to Buy? Turning to Wall Street, COIN earns a Moderate Buy consensus rating based on 13 Buys, 11 Holds, and one Sell rating assigned in the past three months. The average COIN stock price target of $326.40 implies ~21% downside potential. Circle Internet Group (NYSE:CRCL) If Coinbase is the 'tried and true' heavyweight in crypto, then newly public Circle Internet Group (CRCL) is the shiny new breakout, drawing massive attention right out of the gate. Since its IPO at $31 in June, Circle's stock has skyrocketed nearly 1,000%, peaking just under $300 before settling at a recent price of $233.20. That meteoric rise in less than two months has pushed the company's market cap to nearly $45 billion—not a bad debut by any standard. For those less familiar, Circle is the issuer of USDC, a dollar-pegged stablecoin designed to maintain a 1:1 value with the U.S. dollar and fully backed by dollar reserves held by the company. Unlike volatile cryptocurrencies like Bitcoin or Ethereum, USDC offers price stability, making it an attractive option for crypto traders seeking a safe, dollar-backed asset, as well as international users looking for a reliable store of value or a fast, low-cost method for cross-border transactions. The stablecoin has become a powerhouse, reaching a $63.5 billion market cap and facilitating over $25 trillion in on-chain transactions. Circle's revenue model is deceptively simple and highly effective: it earns interest on the reserves backing USDC. In Q1 alone, that model generated $578.6 million in revenue and $122.4 million in adjusted EBITDA. Looking ahead, the company has also hinted at monetizing its network through new fee-based transaction services, potentially opening up another lucrative revenue stream. While Circle's fundamentals are strong, the near-term concern is valuation. After its explosive rally, the stock is now trading at a lofty 147x projected 2025 earnings—more than double Coinbase's forward P/E. On a price-to-sales basis, it also looks stretched at 17x 2025 revenue estimates. I like the company and the model, but after such a dramatic run, the valuation gives me pause in the short term. What is the CRCL Target Price? CRCL carries a Hold consensus rating based on five Buys, five Holds, and two Sell ratings assigned in the past three months. The average CRCL stock price target of $185.73 implies almost 21% downside potential over the next 12 months. Strategy (NASDAQ:MSTR) Finally, let's turn to Strategy (MSTR), the company formerly known as MicroStrategy before a recent rebrand. Originally a business intelligence software firm that went public in 1998—well before Bitcoin even existed—Strategy has completely reinvented itself. Under the leadership of founder and now Bitcoin evangelist Michael Saylor, the company pivoted to a bold new direction: using Bitcoin as a corporate treasury asset. It all began with a $250 million purchase of 21,545 BTC. Since then, the company has aggressively expanded its holdings to an astonishing 601,550 BTC —by far the most significant corporate stash in existence. The strategy has paid off handsomely. As Bitcoin's value surged, so did Strategy's market cap and share price. In fact, the stock has skyrocketed 3,748% over the past five years, essentially tracking the company's accumulation of Bitcoin. Saylor deserves credit for his vision and conviction—buying Bitcoin early and in size has delivered major gains for shareholders. But despite that success, I'm hesitant to buy the stock at current levels. The vast majority of Strategy's value is tied directly to its Bitcoin holdings, making traditional metrics like price-to-earnings largely irrelevant. Instead, the more meaningful comparison is the market cap versus the value of its Bitcoin. Currently, there's a disconnect: Strategy's market cap stands at $123.5 billion, while its Bitcoin holdings are valued at approximately $71.2 billion. That's a hefty premium. Moreover, Strategy no longer holds a monopoly on this approach. As noted by short seller Jim Chanos, over 100 public companies now hold Bitcoin on their balance sheets, meaning Strategy's once-unique position is becoming increasingly common—and that could erode its valuation premium over time. If the company's market cap were to dip below the value of its Bitcoin holdings, I'd reconsider. But for now, I see little justification for buying Strategy at this elevated valuation. What is the Target Price for MSTR? MSTR stock carries a Strong Buy consensus rating based on 11 Buys, zero Holds, and one Sell rating assigned in the past three months. The average MSTR stock price target of $541 implies almost 20% upside potential over the next 12 months. Coinbase Leads the Crypto Pack Bitcoin and the broader crypto ecosystem have firmly established themselves as part of the mainstream financial landscape. For equity investors seeking to capitalize on this growth, crypto-related stocks provide a compelling means of gaining exposure. Among the major players, I'm most bullish on Coinbase. Its comprehensive suite of products—spanning everything from trading and custody to staking and crypto-reward cards—gives investors broad exposure across the entire digital asset spectrum, including Bitcoin, Ethereum, altcoins, and stablecoins. Coinbase also enjoys strong brand recognition and a long-standing reputation in the industry. While the stock has had a strong run and is trading at a premium, its valuation still appears reasonable, especially when compared to the much more richly priced Circle. Speaking of Circle, I appreciate the company's long-term outlook and its core business model, centered around USDC, one of the most widely used stablecoins globally. However, after its post-IPO surge, the stock now looks significantly overvalued. I'd prefer to wait for a meaningful pullback before considering a position. As for Strategy (formerly MicroStrategy), there's no denying that CEO Michael Saylor made a bold and savvy move by pivoting early into Bitcoin. But at this point, the stock's value is almost entirely tied to its Bitcoin holdings, and it trades at a significant premium to the actual value of those assets. With other public companies now following a similar playbook, Strategy's unique edge has diminished. Of the three, it's the least compelling buy at current levels. In short, for investors bullish on the long-term future of crypto, Coinbase remains the most balanced and attractive equity play in the space today.
Yahoo
3 days ago
- Business
- Yahoo
Coinbase Stock Just Hit a New 52-Week High. How Much Higher Can Crypto Week Take COIN?
Bitcoin's (BTCUSD) march to new heights has entered a remarkable phase. Trading above $122,000 on July 14, the cryptocurrency has more than doubled annually, marking an explosive run that has drawn global attention. Indeed, the digital currency's steep ascent speaks volumes about the current political and financial climate. In what is being called 'Crypto Week,' the U.S. House of Representatives is preparing to debate legislation aimed at turning the U.S. into a regulatory haven for crypto innovation. U.S.-listed Bitcoin exchange-traded funds (ETFs) recorded over $2.7 billion in inflows last week alone, one of their strongest stretches since inception in 2024. More News from Barchart Insider Trading Alert: Here's Who Bought Nvidia and AMD Stock Before the U.S. Chip Deal with China Dear Tesla Stock Fans, Mark Your Calendars for July 23 Robinhood Keeps Hitting New Highs. How Should You Play HOOD Stock Here? Markets move fast. Keep up by reading our FREE midday Barchart Brief newsletter for exclusive charts, analysis, and headlines. While the crypto industry's bets on President Donald Trump and the Republican party are clearly paying off, many analysts believe this is just the beginning. According to Nansen's Nicolai Sondergaard, an expanding fiscal stance and loosening monetary policy have laid the groundwork for sustained crypto growth. Amid this momentum, Coinbase Global (COIN) — a leading crypto trading powerhouse — hit a fresh 52-week high of $415.96 on July 17. That has set the stage for what could be an even steeper climb as the Crypto Week unfolds. About Coinbase Stock Coinbase stands as the largest cryptocurrency exchange in the United States. The company holds a market capitalization of $101 billion and serves as a primary financial gateway into the crypto economy for customers. Over the past 52 weeks, COIN stock has surged 65%, with an even more impressive leap of 135% in just the last three months. Amid the current Bitcoin-driven rally, the stock has gained nearly 6% over the past five trading days. In terms of valuation, Coinbase trades at 79 times forward adjusted earnings and 15 times sales, both figures placing it above industry norms. The valuation premium is supported by the company's solid operational performance, reflecting market confidence in Coinbase's growth prospects and leading position within the crypto ecosystem. A Closer Look at Coinbase's Q1 Earnings Coinbase released its first-quarter 2025 results on May 8, reporting total revenue of $2.03 billion, a 24% year-over-year (YOY) increase driven by higher transaction volumes and growing demand for products such as Coinbase One. While revenue expanded, the figure came in just shy of Wall Street's projection of $2.11 billion. Transaction revenue climbed 17.2% to $1.3 billion, supported by notable growth across both consumer and institutional channels. Consumer trading volume surged 39% YOY to reach $78 billion. Institutional activity was also robust, rising 23% annually to $315 billion. Revenue from subscriptions and services grew nearly 37% to $698.1 million, thanks to strong interest in stablecoins and wider adoption of Coinbase One. Adjusted EPS came in at $1.94, slightly ahead of analyst estimates of $1.93 but down 23% YOY. Despite operating gains, rising costs tempered some of the upside. Adjusted EBITDA for the quarter was $929.9 million, down 8.3% YOY. The company exited the quarter with $8.1 billion in cash and cash equivalents as of March 31. Some challenges remain. However, the company's recent $2.9 billion acquisition of Deribit, a leading crypto options exchange, has shifted the narrative. With over $30 billion in open interest and more than $1 trillion in non-U.S. trading volume in 2024, Deribit puts Coinbase firmly at the top of the global crypto derivatives market. Looking ahead, Coinbase expects Q2 subscription and services revenue between $600 million and $680 million. Meanwhile, analysts anticipate a 21% YOY decline in EPS to $0.84 for the quarter, with full-year EPS forecast at $4.90, down 35% YOY. However, a rebound is expected in the next fiscal year, with EPS projected to rise 26% to $6.18. What Do Analysts Expect for Coinbase Stock? Wall Street remains optimistic about COIN stock's future, reflected in a 'Moderate Buy' consensus among analysts. Oppenheimer analyst Owen Lau set a $395 price target on shares, closely matched by Devin Ryan of JMP Securities at $400. Benchmark analyst Mark Palmer sees further upside with a $421 target. Among the 30 analysts covering the stock, 13 recommend a 'Strong Buy,' one favors a 'Moderate Buy,' 14 suggest a 'Hold,' and two advise a 'Strong Sell" rating. The average price target for COIN stock rests at $309.16, although shares currently trade above this mark. At the upper end, Bernstein holds a Street-high target of $510, indicating potential upside of 24%. Highlighting the gap between market perception and reality, Bernstein believes Coinbase is 'the most misunderstood company" in the crypto coverage universe. On the date of publication, Aanchal Sugandh did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
3 days ago
- Business
- Yahoo
Coinbase Global, Inc. (COIN) Is All About Market Share, Says Jim Cramer
We recently published . Coinbase Global, Inc. (NASDAQ:COIN) is one of the stocks Jim Cramer recently discussed. Coinbase Global, Inc. (NASDAQ:COIN) is a cryptocurrency exchange that has managed to command a dominant position in the hot Bitcoin market. The firm's shares have gained 54% year-to-date, particularly due to the Trump administration's focus on the cryptocurrency market. Over the past month, Coinbase Global, Inc. (NASDAQ:COIN)'s stock has gained 56% as the firm benefits from record-setting Bitcoin prices and legislation surrounding stablecoins. Cramer discussed Coinbase Global, Inc. (NASDAQ:COIN)'s market share and stablecoins: '[On stablecoins and market share] This is about market share. And the race to have market share. And why is Coinbase at the price that it's at? Well because they play the game. And when I say play the game, they're now in the place that you think, oh I should be with Coinbase. They think it's great.' A shot of someone securely accepting crypto assets as payment, showcasing the company's payment solutions. Previously, the CNBC host commented on Coinbase Global, Inc. (NASDAQ:COIN)'s resilience in the stock market: 'Next, Coinbase. Alright, the cryptocurrency stocks, they just never want to quit. And this is a group that matters, even if older portfolio managers don't care [and] look the other way. I think this one's going higher, to who knows where.' While we acknowledge the potential of COIN as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey.
Business Insider
3 days ago
- Business
- Business Insider
Crypto Exchange Coinbase (COIN) Launches Super App
Cryptocurrency exchange Coinbase Global (COIN) has launched what it calls an 'everything app' designed to bring more people into the crypto sphere. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. The 'Base App,' as it is being called, replaces the Coinbase Wallet and combines wallet, trading, and payment functions as well as social media, messaging, and support for mini-apps. Coinbase says the new app runs on the company's public blockchain network called 'Base,' which is built on the Ethereum (ETH) ledger. The crypto exchange is the first U.S.-based company to launch what are known as super apps. Popular versions of super apps, such as Alipay, already exist in China. Typically, these everything apps bundle several different services and functionalities into a single mobile app. They have long been viewed as the ultimate goal of financial technology companies and mega-cap tech concerns. Reaching Consumers Meta Platforms (META) has attempted to integrate payments, messaging, and social content into a single app, and Elon Musk has mused about creating a super app for social media platform X. However, Coinbase Global appears to be the first U.S. company to launch such an app for consumer use. In a news release, Coinbase said that it is aiming to reach consumers who aren't necessarily interested in trading cryptocurrencies, which remains the company's core business. The new super app arrives as the crypto industry embraces a boom in product launches thanks to the pro-crypto policies of U.S. President Donald Trump, who is himself invested in digital assets. COIN stock is up 64% this year. Is COIN Stock a Buy? The stock of Coinbase Global has a consensus Moderate Buy rating among 25 Wall Street analysts. That rating is based on 13 Buy, 11 Hold, and one Sell recommendations issued in the last three months. The average COIN price target of $319.01 implies 21.62% downside from current levels.
