Coinbase Seeing ‘Landmark Month’ In December, Notes Optimistic Analyst Report
Needham & Company has raised Coinbase‘s (NASDAQ:COIN) price target to $420 from $375, citing record-breaking December trading volumes and heightened altcoin activity.
What Happened: “Elevated volatility and a retail-driven surge have made December a landmark month for the platform,” Needham analysts noted, according to The Block.
Bitcoin‘s (CRYPTO: BTC) surge past $100,000 and increased altcoin trading have fueled this momentum.
The firm’s Q4 projections include $435 billion in trading volume and $2.1 billion in revenue.
For 2025, Coinbase is forecast to generate $8.9 billion in revenue, with earnings per share of $9.61.
Despite these achievements, Coinbase’s stock dipped 8% on Monday, trading at $316.01 as of 12:28 p.m. ET, reflecting broader market …
About The Author
