{"id":13061,"date":"2025-02-14T10:16:47","date_gmt":"2025-02-14T10:16:47","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=13061"},"modified":"2025-02-14T10:16:47","modified_gmt":"2025-02-14T10:16:47","slug":"coinbase-benefits-from-strong-near-term-momentum-2025-is-off-to-a-good-start-jmp","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=13061","title":{"rendered":"Coinbase Benefits From Strong Near-Term Momentum, 2025 Is Off to a Good Start: JMP"},"content":{"rendered":"<div>\n<p>Coinbase (COIN) finished 2024 with very strong business momentum as sentiment about the wider digital asset industry improved, broker JMP said in a research report on Thursday after the crypto exchange&#8217;s fourth quarter <a href=\"https:\/\/s27.q4cdn.com\/397450999\/files\/doc_financials\/2024\/q4\/Q4-24-Shareholder-Letter.pdf\" target=\"_blank\">results<\/a>.<\/p>\n<p>JMP raised its Coinbase price target to $475 from $400 and reiterated its market outperform rating. The shares dropped 1.3% to $294.30 in early trading, after rising 8.4% on Thursday.<\/p>\n<p>Wall Street may be underestimating the company&#8217;s prospects, JMP said. <\/p>\n<p>&#8220;You ain&#8217;t seen nothing yet,&#8221; analysts led by Devin Ryan wrote, and if the &#8220;transaction pace continues, 1Q25 revenues would exceed current Street consensus by nearly 30%.&#8221; <\/p>\n<p>There is a &#8220;seismic shift&#8221; happening in the industry, the report said, and the crypto exchange&#8217;s positive momentum doesn&#8217;t reflect some of the changes that are still yet to come.<\/p>\n<p>JMP expects huge growth for Coinbase and estimates that the company will be multiples of its current size in the coming five years.<\/p>\n<p>&#8220;The regulatory and legislative backdrop is now supportive for the next chapter of crypto,&#8221; the report added.<\/p>\n<p>Read more: <a href=\"https:\/\/www.coindesk.com\/markets\/2025\/02\/13\/template-coinbase-reports-q4-earnings-as-trading-volume-hits-highest-level-since-2021\" target=\"_blank\">Coinbase Posts $2.27B in Q4 Revenue, Blowing Through $1.84B Estimate<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Coinbase (COIN) finished 2024 with very strong business momentum as sentiment about the wider digital asset industry improved, broker JMP said in a research report on Thursday after the crypto exchange&#8217;s fourth quarter results. JMP raised its Coinbase price target to $475 from $400 and reiterated its market outperform rating. The shares dropped 1.3% to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-13061","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/13061","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=13061"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/13061\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13061"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=13061"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=13061"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}