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Top Wall Street Forecasters Revamp Coinbase Price Expectations Ahead Of Q4 Earnings - Coinbase Glb (NASDAQ:COIN)

1. Coinbase expects Q4 earnings of $2.13, up from $1.04 last year. 2. Projected revenue is $1.84 billion, a significant increase from $953.79 million. 3. Analysts have varied price targets; HC Wainwright raised it to $330. 4. Coinbase shares increased 3%, closing at $274.90 before earnings release. 5. Missed Q3 revenue estimates, but generally has beaten estimates in past quarters.

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FAQ

Why Bullish?

The strong earning projections and positive analyst sentiment suggest potential price appreciation, similar to past earnings beats leading to stock price rallies.

How important is it?

The earnings expectations and analyst ratings are crucial indicators that can directly affect COIN's valuation and market sentiment.

Why Short Term?

The imminent earnings report is likely to influence COIN's short-term price, akin to historical trends where quarterly results yield immediate market reactions.

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