- The SEC is investigating Coinbase for potential inaccuracies in user metrics.
- Wall Street analysts provide an average price target of $264.33, suggesting a moderate upside.
- GuruFocus estimates forecast a GF Value downside of 12.81% for Coinbase.
The U.S. Securities and Exchange Commission (SEC) has launched a comprehensive investigation into Coinbase (COIN, Financial), focusing on potential misstatements concerning user metrics in previous financial reports. This inquiry, which predates the current administration, is scrutinizing the "verified users" metric prominently featured during Coinbase's 2021 Initial Public Offering (IPO). The announcement of this probe has led to a 6.0% decline in the company's stock value.
Wall Street Analysts' Forecast
In the realm of Wall Street projections, 27 analysts have provided a one-year price target for Coinbase Global Inc (COIN, Financial), with an average target of $264.33. Estimates range from a high of $400.00 to a low of $185.00, indicating a potential upside of 7.21% from its current trading price of $246.54. To delve deeper into these projections, visit the Coinbase Global Inc (COIN) Forecast page.
Reflecting a consensus across 31 brokerage firms, Coinbase enjoys an "Outperform" rating, with an average recommendation score of 2.3. This scoring system ranges from 1 to 5, where 1 denotes a Strong Buy and 5 implies a Sell.
GuruFocus GF Value Assessment
According to GuruFocus evaluations, the estimated GF Value for Coinbase Global Inc (COIN, Financial) stands at $214.97 over the next year. This valuation suggests a potential downside of 12.81% from its current price of $246.54. The GF Value metric represents GuruFocus' assessment of the fair trading value, derived from historical trading multiples, past growth trajectories, and future business performance projections. For more intricate details, visit the Coinbase Global Inc (COIN) Summary page.
