Today in Markets

Coinbase's Bull Run Rip

COIN stock continues its 2024 tear.
Jack Inabinet Jack Inabinet Feb 16, 20242 min read
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market analysis Coinbase's Bull Run Rip

Coinbase released its Q4 2023 earnings report yesterday, crushing analyst expectations and sending COIN ripping upwards by over 12% in after-hours trading. What did the earnings call reveal?

Just prior to the earnings release yesterday, investment bank JPMorgan upgraded COIN from underweight to neutral with a price target of $80. The bullish ratings adjustments have continued to trickle in today, with a host of financial services companies raising their price targets after Coinbase’s $1.04 in earnings per share outperformed Wall Street’s estimates by 290%!

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Jack Inabinet

Written by Jack Inabinet

245 Articles View all      

Jack Inabinet is a Senior Analyst with a passion for exploring the bleeding edge of crypto and finance. Prior to joining Bankless, Jack worked as an analyst at HAL Real Estate where he conducted market research and financial analysis for commercial apartment development and acquisition activities in the Seattle region. He graduated from the University of Washington’s Michael G. Foster School of Business and remains based out of the Seattle area.

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