HC Vnerite analysts have raised their price target for the coinbase after a strong fourth quarter earnings report, citing the company’s market share profit and rapid management approach.
Coinbase reported $ 2.27 billion in revenue for Q4 2024, with 88% growth quarter-over-quarter and 138% growth year-to-year. According to an analyst note shared with Crypto, the results were more than estimated estimates of about $ 1.8 billion.
CEO Brian Armstrong It has been told The current market environment as “a golden age for Crypto”, emphasizing that the increased regulator has been a major driver of the development of the election industry following clarity.
The trading volume increased 132% quarter-over-quarter to $ 439 billion, with a growth of retail business quantity by 176% and institutional trading volume increased by 128% to $ 345 billion.
HC Venrite analyst Mike Kolonnis argued that the company is well deployed to take advantage of favorable trends, and despite about 75% profit in the last one year, the stock is still underwelled relative to its proper assessment.
“All said, we remain buyers here and are increasing our price targets from $ 330 to $ 350,” read the note.
The price target of analyzer is based on 11.5 times EV/Revenue several which applies to their 2025 revenue estimates that was removed from $ 7.34 billion to $ 8.4 billion.
New customers and profitable membership
The company’s monthly transactions rose 24% to 9.7 million, with their half -business customers either new or re -activated after more than a year.
The revenue of membership and services also exceeded the expectations, coming in $ 641.1 million, fuel by blockchain rewards and increased coinbase One subscription.
For Q1 2025, coinbase is estimating membership and revenue between $ 685 million and $ 765 million, crossing the unanimous estimates of $ 648 million. The company also expects continuous power in USDC and high marketing expenses.
Analysts believe that the coinbase has been deployed to avail the developed regulatory landscape and increasing crypto adoption, which has increased 28% revenue growth to $ 8.4 billion in 2025.
Coinbase’s shares last traded at $ 276.50 on Nasdaq.
