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Analysts have raised Coinbase's stock price target to $200 from $80, with expectations of strong performance based on Q1 earnings. Despite being considered undervalued, analysts predict a decline in profitability after a successful first quarter. Revenue estimates for Coinbase are deemed too low due to overlooked sequencer revenue, potentially leading to an EPS of around $3.20.
NGL. $COIN is one of the risk adjusted bets on the LTF. Revenue estimates are TOO LOW bc tradfi analysts arent taking into account @base sequencer revenue which has $744M in annualized transaction profit (after 15% commitment to Op collective) . 💰💰💰I expect around $3.20 EPS. https://t.co/cJp9JIyiyG https://t.co/ZOfJYyBjIt
Analysts revised Coinbase's $COIN GAAP EPS estimates for 2024 from $1.86 to $2.41. Analysts still believe that Q1 was the company's most profitable quarter this year, and it's all downhill from here. https://t.co/OJaIwm8cup https://t.co/NeaWWPtCnh
Coinbase $COIN EPS preview - BofA https://t.co/GBKEqQf1UU https://t.co/1xdUvMhAfG