InvestorsObserver is giving Coinbase Global Inc (COIN) an Analyst Rating Rank of 32, meaning COIN is ranked higher by analysts than 32% of stocks. The average price target for COIN is $122.2 and analyst’s rate the stock as a Buy.
Why are Analyst Ratings Important?
You can learn a lot about a company from looking at it’s financial statements and comparing them to other companies. Analysts who cover an industry in depth can add even more to your research though. They typically follow a particular sector or industry very closely. They also pay attention to and ask questions on earnings conference calls and other events where they might learn information that does show up in the numbers.
InvestorsObserver takes the average rating from these analysts, and then percentile ranks those averages. This lets you compare stocks in a much more granular way than just seeing the typical five-tiered rating system used on most of Wall Street.
What’s Happening With Coinbase Global Inc Stock Today?
Coinbase Global Inc (COIN) stock is down -1.32% while the S&P 500 has gained 1% as of 10:49 AM on Thursday, Aug 25. COIN is down -$0.94 from the previous closing price of $71.48 on volume of 2,802,030 shares. Over the past year the S&P 500 is down -6.98% while COIN is down -72.53%. COIN lost -$1.56 per share the over the last 12 months.
Click Here to get the full Stock Report for Coinbase Global Inc stock.
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