Coinbase Stock May Be Above Fair Value Despite 103% Rebound

Coinbase Global has seen its share price surge by 102.9% over the past three years, more than doubling investors' money.

However, despite this impressive gain, the stock is currently under pressure and screens as expensive on valuation checks, with only one of six metrics suggesting it may be fairly valued.

The company's recent approvals to build tokenization and trading infrastructure in Abu Dhabi and the UK can support its long-term business ambitions, but ongoing regulatory scrutiny in the US may weigh on investors' willingness to pay a premium for Coinbase Global stock.