The Coinbase stock price prediction, a US-based cryptocurrency exchange, fell after the business underperformed analyst expectations for the second quarter and disclosed a $1 billion loss owing to a decline in bitcoin trading. Coinbase announced a net loss in the first half of the year after earning a profit in 2021, as consumers fled plummeting cryptocurrency markets and trade activity dropped on the site.
Despite this, the COIN stock price is still 60% higher than in early May and 90% higher than its bottom in June, thanks to the positive emotion around the BlackRock partnership announcement. As of August 9, the stock had fallen 65.07% year to date and 74.36% since Coinbase went public during the April 2021 crypto market spike.
Can the stock recoup its losses, and what is the most recent Coinbase stock forecast? This article will look at the elements influencing the Coinbase stock price prediction in the present market climate.
Company Information About Coinbase Global Inc.
Coinbase, an American publicly listed firm, operates a cryptocurrency trading platform. It is the country’s largest cryptocurrency exchange in terms of the trading volume. Brian Armstrong and Fred Ehrsam founded this business in 2012. The headquarters are in San Francisco, California, USA.
Trading, purchasing, and selling digital currencies is made more accessible by online services such as Coinbase. Users can set up their wallets and buy and sell bitcoins by connecting to their bank accounts. It also provides various merchant payment processing tools and systems to several incredibly prominent websites on the internet.
On April 14, 2021, Coinbase listed its shares directly on the Nasdaq market as NasdaqCoin, becoming a publicly traded firm. Before the sale, Nasdaq set a reference price of $250 per share. It gives the company an estimated value of $47 billion. Coinbase’s shares closed at $328.28 per share on its first trading day. Coinbase employs over 4900 people and has a quarterly trading volume of $309 billion and assets of $256 billion.
Coinbase Stock Price Prediction For 2022 And Beyond
We provide stock forecast/prediction by evaluating the data using Fundamental data, technical analysis, Elliott wave analysis, and AI of Coinbase Stock’s previous price data, as well as what Experts are saying about its future Stock Forecast.
Please remember that this prognosis, prediction, or aim is merely a proposal made by experts or based on analysis. It is tough to make a precise prognosis or prediction. Errors are inevitable in any analysis, but we strive to provide accurate price stock forecasts/predictions.
Coinbase Price Prediction 2022
Continue to monitor stock market trends and attitudes; Coinbase Stock appears to be a smart buy for 2022. According to technical analysis of Coin Stock Forecast 2022, Coin Stock Price Prediction 2022, the stock is anticipated to reach the lower range of $84.25 and the upper range of $96.50, with a medium range of $90.00.
Coinbase Price Prediction 2023
Coin Stock Price Prediction 2023, the stock price will reach the lower range of $107.00, the upper range of $123.50, and the medium range of $115.75.
Coinbase Price Prediction 2024
The stock will hit a low of $135.75, a high of $155.25, and a medium of $145.50.
Coinbase Price Prediction 2025
According to our analysis, the Coinbase stock price will reach a lower range of $169.50, a higher range of $194.25, and a medium range of $181.50 by 2025.
Coinbase Price Prediction 2026
Because of the strong volatility in the cryptocurrency market, Coinbase Stock Forecast 2026, Coinbase Stock Price Prediction 2026, Stock Price will reach a lower range of $214.00, a higher range of $244.75, and a medium range of $228.50.
Coinbase Price Prediction 2027
Coin Stock Price Prediction 2027, Price to Touch the Lower Range at $267.25, Higher Range at $306.25, and Medium Range at $286.00
Coinbase Price Prediction 2028
Coin Stock Price Forecast 2028, according to Technical Analysis, the price will hit the lower range of $334.25, a higher level of $382.50, and a medium range of $357.50.
Coinbase Price Prediction 2029
The Coinbase stock price will be $414.25 in 2029, with a higher range of $474.50 and a medium range of $443.25.
Coinbase Price Prediction 2030
According to analysts and experts, Coin Stock Forecast 2030, Coin Stock Price Prediction 2030, Coinbase stock price will reach a low level of $513.75. Higher Range is $588.00, while the Medium Range is $549.75.
Coinbase Price Prediction 2040
According to our analysis, AI, and expert advice, Coin Stock Forecast 2040, Coin Stock Price Prediction 2040, Coin stock will hit a low of $3,180, a high of $3,640, and a medium of $3,400.
Is Coinbase Stock A Smart Buy?
The most recent quarter of June 2022 earnings data was not favorable for any short-term investments. However, with a strong demand for equities and solid underlying data for future returns, Coinbase Stock may be an excellent long-term investment. Every stock carries some risk, so conduct your research before investing.