Summary:
- Coinbase Global Inc (COIN, Financial) enhances its onchain business capabilities by acquiring LiquiFi.
- Analysts' average price target for COIN is $295.69, indicating a potential downside.
- GF Value suggests a significant reduction from the current stock price.
Coinbase Expands with LiquiFi Acquisition
Coinbase Global Inc (COIN) has taken a strategic step forward by acquiring the token management platform LiquiFi. While the acquisition's financial specifics remain undisclosed, this move is poised to boost Coinbase's ability to offer a richer onchain business experience. Following the announcement, COIN shares rose 0.74% in pre-market trading, achieving a price of $337.82.
Wall Street Analysts' Price Outlook
In a detailed analysis by 28 financial experts, the average one-year target price for Coinbase Global Inc (COIN, Financial) stands at $295.69. The forecasts range from a high of $510.00 to a low of $172.32. This average target suggests a potential decline of 11.82% from the current market price of $335.33. For further insights into COIN's price projections, visit the Coinbase Global Inc (COIN) Forecast page.
Brokerage Recommendations
The consensus among 34 brokerage firms places Coinbase Global Inc (COIN, Financial) at an average recommendation of 2.3, indicating an "Outperform" status. The recommendation system ranges from 1, signaling a Strong Buy, to 5, indicating a Sell.
GuruFocus GF Value Estimation
According to GuruFocus metrics, the estimated GF Value for Coinbase Global Inc (COIN, Financial) over the next year is projected at $213.05. This suggests a potential downside of 36.47% from the current trading price of $335.33. The GF Value represents GuruFocus's assessment of the fair market value, derived from the stock's historical trading multiples, past growth trajectories, and anticipated future performance. To explore more in-depth data, navigate to the Coinbase Global Inc (COIN) Summary page.
