Crypto
Coinbase Stock Gets Boost from Rosenblatt Ahead of Earnings Report
Rosenblatt Securities has reaffirmed its Buy rating on Coinbase Global Inc. (NASDAQ:COIN) stock ahead of its second-quarter earnings report.
The firm's price target remains at $240, based on 25 times its estimated 2027 adjusted EBITDA for the company.
Rosenblatt notes that derivatives and prediction markets are becoming significant revenue contributors for Coinbase, despite continued weakness in core cryptocurrency trading.
Seven analysts have revised their earnings estimates downwards for the upcoming period, according to InvestingPro Tips, which also offers six additional exclusive tips for COIN investors.