HC Wainwright & Co. According to Analyst Mike Cololanse, Coinbase has been scheduled to report a top and bottom line beat in its Q4 results on Thursday.
The Crypto Exchange Coinbase is expected to report Q4 revenue of $ 1.911 billion in the first quarter, in a research note. This would be a probable compared to the $ 1.8 billion road consistent estimate. The coinbase is also expected to earn $ 2.21 per share in the quarter that is ahead of the road $ 2.16 per share.
‘Strong tailwinds’
Colonel said that in the fourth quarter, “strong tailwind” contributed better than the expected results.
The analyst wrote that Bitcoin (BTC) first crossed the $ 90,000 after Donald Trump’s election victory in history, “the $ 90,000 for the Crypto industry proved to be a shot in hand,” the analyst wrote. BTC worked hard and hit a new all-time high of $ 106,000 in mid-December, highlighting the strong investor demand. Ethereum (Eth) also recorded a strong profit during the fourth quarter, which increased to 28% Q/Q to $ 3,330.
Spot trading volumes on centralized exchanges were away from the roof, as well as recorded with a net income of over 16 billion dollars recorded in the US Spot BTC ETF. In addition, Agrigate Spot Trading Volume among centralized exchanges increased the 104% quarter-over-quarters $ 8.7 trillion in the fourth quarter of 2024. Spot volumes were accounted for approximately $ 3.7 trillion in December, assumed the last all -time high in May 2021.
Coinbase to benefit from ongoing speed
According to the analyst, the coinbase has been deployed for profit from the ongoing speed. The company now expects an estimate of $ 5.3 billion to generate a total revenue of $ 7.3 billion in 2025.
Cololanse is also modeling for earning $ 8.29 per share for 2025 per year for 2025, which is from a pre -estimated estimate of $ 2.77 per share.
Given the favorable tailwind, the research firm is listing its coinbase price target from $ 255 to $ 330, based on 11.5 times EV/revenue at 2025 revenue estimates of $ 7.3 billion.
