COIN Stock Recent News
COIN LATEST HEADLINES
Coinbase's stock surged as the “crypto winter” ended. MicroStrategy's big bet on Bitcoin is paying off.
Coinbase's Q1 earnings easily beat analysts' estimates. It plans to gradually ramp up its spending again this year.
Meme stocks have become a popular and controversial topic in the world of investing. Often associated with struggling companies, they gain sudden, massive popularity due to social media hype, online forums and a shared sense of rebellion against traditional Wall Street institutions.
As earnings season begins to wind down, the standout performers are easier to identify. While some stocks posted adequate quarterly earnings, others really wowed Wall Street.
In our Exits post over the weekend, I wrote about using Chartmill's Setup Rating, a measure of technical consolidation, to time entries into post-earnings trades;
Bitcoin still has a lot of potential and stocks like NVIDIA Corporation (NVDA), Interactive Brokers Group, Inc. (IBKR), Coinbase Global, Inc. (COIN) and Robinhood Markets, Inc. (HOOD) are poised to benefit once the rally resumes.
The outlook for cryptocurrencies seems to change like the weather. Only a month ago, the whole world was bullish on crypto as a Bitcoin ( BTC-USD ) halving event approached, when the available supply of BTC that can be mined is reduced by 50%.
Crypto is back, but it's growth on the blockchain that's most impressive.
We have narrowed our search to five bitcoin-oriented stocks that have strong potential for 2024. These are: COIN, HOOD, IBKR, CLSK, NVDA.
The boost in the price target is an ambitious prediction, as it implies more than 40% upside to the current share price. Confidence is in the air following the crypto exchange operator's blowout first quarter.