"Coinbase's Surprising Earnings Report Amid Bitcoin's Soaring Price"
TL;DR Summary
Coinbase stock receives an upgrade from JPMorgan ahead of its Q4 earnings report, with expectations of improved earnings and revenue. The company's stock has been surging due to the rising prices of bitcoin and other cryptocurrencies, with Bitcoin hitting two-year highs and trading above $52,000. The launch of spot bitcoin ETFs has contributed to this surge, with Coinbase serving as a custodian for eight of these ETFs. Despite some outflows, the spot bitcoin ETFs have seen significant inflows since their launch. Coinbase stock jumped more than 6% early Thursday and is working up the right side of a cup base toward a 187.39 buy point.
- Coinbase Stock Upgraded Ahead Of Earnings As Bitcoin Price Clears $52000 Investor's Business Daily
- Coinbase Global Reports Earnings Today. Here’s What to Expect. Barron's
- Coinbase upgraded to Neutral while bitcoin rises above $52K Yahoo Finance
- Coinbase to Report Strong Earnings, ETF Benefits May Surprise Wall Street, Analysts Say CoinDesk
- Coinbase Is on the Verge of Surprising Wall Street With a Return to Profitability Bloomberg
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