Mizuho Securities Stick to Their Hold Rating for Coinbase Global By Investing.com

Mizuho Securities analyst Dan Dolev maintained a Hold rating on Coinbase (NASDAQ:) Global on Wednesday, setting a price target of $220, which is approximately 12.28% below the present share price of $250.8.

Dolev expects Coinbase Global to post earnings per share (EPS) of $7.77 for the third quarter of 2021.

The current consensus among 14 TipRanks analysts is for a Moderate Buy rating of shares in Coinbase Global, with an average price target of $350.17.
The analysts price targets range from a high of $500 to a low of $220.

In its latest earnings report, released on 06/30/2021, the company reported a quarterly revenue of $2.23 billion and a net profit of $874.73 million. The company’s market cap is $52.9 billion.

According to TipRanks.com, Mizuho Securities analyst Dan Dolev is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 11.0% and a 61.54% success rate.

Coinbase Global Inc is a provider of end-to-end financial infrastructure and technology for the crypto-economy. It generates substantially all its net revenue from transaction fees from trades that occur on its platform. Geographically, it derives a vast majority of its revenues from the US followed by the rest of the world.

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