Coinbase Global, Inc.’s stock price rose to 254.96 USD, gaining 7.79% in today’s session with a trading volume of 12.46 million. The move leaves Coinbase with a year-to-date gain of 4.59%, signaling renewed momentum for cryptocurrency exchanges. The rally came after Goldman Sachs upgraded Coinbase, framing its strategy as a shift from trading to crypto infrastructure.
Investors also tracked Bitcoin’s price action as the company paused operations in Argentina, focusing on longer-term advantages in the crypto market. CEO Brian Armstrong outlined plans for an ‘everything exchange’ by 2026, underscoring Coinbase’s expansion ambitions. Analysts from Baptista Research and αsk have issued bullish coverage, highlighting Coinbase’s leadership in the crypto exchange space and the importance of diversifying revenue streams.
Smartkarma’s Smart Scores point to a constructive long-term outlook. Growth and Resilience each score 5, Value 2, Momentum 2, and Dividend 1, with an overall Smart Score of 3.0. Despite lower Value and Momentum, the strong Growth and Resilience suggest a favorable long-term trajectory for Coinbase in the evolving crypto industry.
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