Coinbase Global Stock Forecast

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Coinbase Global Stock Forecast

Coinbase Global (Coin) Stock Forecast

The shutdown of the US Federal Government is no longer a surprise for anyone. That's a thing that repeats every few years until Congress sets a new debt limit.

However, this shutdown affects all the US stock indices, like the Dow Jones, S&P 500, and so on. One particular area that remains unaffected by the government shutdowns is the crypto market.

In fact, the crypto market actually moves higher in times of uncertainty. But not everyone can put their money into Bitcoin (BTC) and other coins.

Coinbase Global: Price Target Is $510

So, for those who want exposure to the crypto market without buying a coin, the answer is Coinbase Global stock.

Coinbase Global is a major crypto exchange in the USA that allows people to trade cryptocurrencies. The exchange is available in 100+ countries and has more than $425 billion in assets on the platform.

Also, just the quarterly trading volume of Coinbase Global was around $237 billion. This alone shows that Coinbase Global stock is a big deal.

During Q2, the net revenue of Coinbase Global was around $1.42 billion. Now, that's a big jump from the revenue of $1.38 billion last year.

The bottom line is that the income and revenue of Coinbase Global are growing massively! Just the revenue alone has increased by 3000% in the last 3 years. Similarly, the net income of Coinbase Global has increased by 200% during the same period.

Around 50% of the top analysts are also bullish on Coinbase Global and have issued a strong buy rating. As for the price target, most are of the view that Coinbase Global stock will touch $371.

However, some are more bullish on the Coinbase Global stock and have set a price target of $510. This means they are expecting the stock to secure an upside of almost 43%.

So, if you want a stock that will not tank on the US government shutdowns and will give you exposure to crypto, go for Coinbase Global.

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