Bitcoin is currently rallying and so is Coinbase (COIN, Financial). Year-to-date this cryptocurrency exchange company grows an impressive 76.8% to $305.85 per share.
Based on the consensus recommendation from 30 brokerage firms, Coinbase Global Inc's (COIN, Financial) average brokerage recommendation is currently 2.3, indicating an "Outperform" status, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on the one-year price targets offered by 26 analysts, the average target price for Coinbase Global Inc between $256.38 and $400.00. The latest buy rating was from Needham that maintains Coinbase as a Buy and raises the price target from $290 to $375.
The election result just gave a 10% jump on the share price as people believe that Trump has positive view towards crypto market. His winning gives hope to loosen regulation to crypto transactions. Plus, the Bitcoin rally gives more fuel to Coinbase as investors flock to digital assets that will surely boost Coinbase's revenues which derived from trading volume and commissions.
The fundamental itself is not so much favorable with last quarter's revenue and earnings miss the consensus expectations. Here is the summary of Coinbase's fundamental.
The GFscore of Coinbase is 52 out of 100 that marks poor future performance potential. The chart above shows that Coinbase has poor profitability, modest growth with strong momentum.
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