{"id":22194,"date":"2023-05-10T16:34:39","date_gmt":"2023-05-10T16:34:39","guid":{"rendered":"https:\/\/coingrafter.com\/index.php\/2023\/05\/10\/hcw-analyst-raises-price-target-on-coinbase-stock-after-strong-q1\/"},"modified":"2023-05-10T16:34:39","modified_gmt":"2023-05-10T16:34:39","slug":"hcw-analyst-raises-price-target-on-coinbase-stock-after-strong-q1","status":"publish","type":"post","link":"https:\/\/coingrafter.com\/index.php\/2023\/05\/10\/hcw-analyst-raises-price-target-on-coinbase-stock-after-strong-q1\/","title":{"rendered":"HCW analyst raises price target on Coinbase stock after strong Q1"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/05\/167658504_m_normal_none-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/05\/167658504_m_normal_none-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/05\/167658504_m_normal_none-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/05\/167658504_m_normal_none-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/2023\/05\/167658504_m_normal_none.jpg\" alt=\"buy coinbase stock on q1 earnings report\" width=\"100%\" height=\"100%\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li>Coinbase reported strong outcomes for its first monetary quarter final week.<\/li>\n<li>HCW analyst Mike Colonnese now sees upside in \u201cCOIN\u201d to $77.<\/li>\n<li>Coinbase stock is already up about 85% versus the beginning of the yr.<\/li>\n<\/ul>\n<p><a href=\"https:\/\/coinjournal.net\/exchanges\/coinbase\/\">Coinbase Global Inc<\/a> is buying and selling up this morning after an H.C. Wainwright analyst raised his price goal on the biggest U.S. primarily based crypto trade.<\/p>\n<h2>Coinbase stock has upside to $77<\/h2>\n<p>Mike Colonnese now sees upside within the Coinbase stock to $77 that implies it may climb one other 25% from right here.<\/p>\n<p>The bullish name arrives solely days after the crypto firm reported stable outcomes for its <a href=\"https:\/\/finance.yahoo.com\/news\/coinbase-global-inc-coin-q1-231511193.html\" target=\"_blank\" rel=\"noopener\">first financial quarter<\/a>. What thrilled this analyst particularly was enchancment by way of the retail take charge.<\/p>\n<blockquote>\n<p>Coinbase elevated spreads to drive over a 13-bps sequential improve in blended common retail take charge to 1.68%. So, we view its pricing energy as very encouraging.<\/p>\n<\/blockquote>\n<p>Colonnese is bullish on <a href=\"https:\/\/www.coinbase.com\/prime\" target=\"_blank\" rel=\"noopener\">Coinbase Prime<\/a> as properly that noticed document volumes within the first quarter. Shares of Coinbase Global Inc are already up 85% for the yr at writing.<\/p>\n<h2>Coinbase shares have optimistic risk-reward<\/h2>\n<p>The H.C. Wainwright analyst now expects the Nasdaq-listed agency to generate $3.04 billion in income this yr.<\/p>\n<p>Earlier this yr, Coinbase obtained a \u201c<a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-03-22\/coinbase-coin-gets-sec-wells-notice-over-crypto-offerings\" target=\"_blank\" rel=\"noopener\">Wells Notice<\/a>\u201d from the U.S. Securities and Exchange Commission. But Colonnese stays constructive primarily based on what executives mentioned on the earnings name.<\/p>\n<blockquote>\n<p>Management mentioned the corporate is 100% dedicated to U.S. and is optimistic on U.S. getting crypto regulation proper, citing strong bipartisan assist to introduce new laws.<\/p>\n<\/blockquote>\n<p>All in all, he sees optimistic risk-reward within the Coinbase stock particularly contemplating the continued restoration in crypto costs at massive and the <a href=\"https:\/\/www.forbes.com\/sites\/digital-assets\/2023\/05\/02\/coinbase-sets-up-shop-in-bermuda-as-it-battles-sec-at-home\/\" target=\"_blank\" rel=\"noopener\">international exchange<\/a> this firm launched earlier this month in Bermuda.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this text<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/buy-coinbase-stock-on-q1-earnings-report\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] Coinbase reported strong outcomes for its first monetary quarter final week. HCW analyst Mike Colonnese now sees upside in \u201cCOIN\u201d to $77. Coinbase stock is already up about 85% versus the beginning of the yr. Coinbase Global Inc is buying and selling up this morning after an H.C. Wainwright analyst raised his price goal [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":22196,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ocean_post_layout":"","ocean_both_sidebars_style":"","ocean_both_sidebars_content_width":0,"ocean_both_sidebars_sidebars_width":0,"ocean_sidebar":"","ocean_second_sidebar":"","ocean_disable_margins":"enable","ocean_add_body_class":"","ocean_shortcode_before_top_bar":"","ocean_shortcode_after_top_bar":"","ocean_shortcode_before_header":"","ocean_shortcode_after_header":"","ocean_has_shortcode":"","ocean_shortcode_after_title":"","ocean_shortcode_before_footer_widgets":"","ocean_shortcode_after_footer_widgets":"","ocean_shortcode_before_footer_bottom":"","ocean_shortcode_after_footer_bottom":"","ocean_display_top_bar":"default","ocean_display_header":"default","ocean_header_style":"","ocean_center_header_left_menu":"","ocean_custom_header_template":"","ocean_custom_logo":0,"ocean_custom_retina_logo":0,"ocean_custom_logo_max_width":0,"ocean_custom_logo_tablet_max_width":0,"ocean_custom_logo_mobile_max_width":0,"ocean_custom_logo_max_height":0,"ocean_custom_logo_tablet_max_height":0,"ocean_custom_logo_mobile_max_height":0,"ocean_header_custom_menu":"","ocean_menu_typo_font_family":"","ocean_menu_typo_font_subset":"","ocean_menu_typo_font_size":0,"ocean_menu_typo_font_size_tablet":0,"ocean_menu_typo_font_size_mobile":0,"ocean_menu_typo_font_size_unit":"px","ocean_menu_typo_font_weight":"","ocean_menu_typo_font_weight_tablet":"","ocean_menu_typo_font_weight_mobile":"","ocean_menu_typo_transform":"","ocean_menu_typo_transform_tablet":"","ocean_menu_typo_transform_mobile":"","ocean_menu_typo_line_height":0,"ocean_menu_typo_line_height_tablet":0,"ocean_menu_typo_line_height_mobile":0,"ocean_menu_typo_line_height_unit":"","ocean_menu_typo_spacing":0,"ocean_menu_typo_spacing_tablet":0,"ocean_menu_typo_spacing_mobile":0,"ocean_menu_typo_spacing_unit":"","ocean_menu_link_color":"","ocean_menu_link_color_hover":"","ocean_menu_link_color_active":"","ocean_menu_link_background":"","ocean_menu_link_hover_background":"","ocean_menu_link_active_background":"","ocean_menu_social_links_bg":"","ocean_menu_social_hover_links_bg":"","ocean_menu_social_links_color":"","ocean_menu_social_hover_links_color":"","ocean_disable_title":"default","ocean_disable_heading":"default","ocean_post_title":"","ocean_post_subheading":"","ocean_post_title_style":"","ocean_post_title_background_color":"","ocean_post_title_background":0,"ocean_post_title_bg_image_position":"","ocean_post_title_bg_image_attachment":"","ocean_post_title_bg_image_repeat":"","ocean_post_title_bg_image_size":"","ocean_post_title_height":0,"ocean_post_title_bg_overlay":0.5,"ocean_post_title_bg_overlay_color":"","ocean_disable_breadcrumbs":"default","ocean_breadcrumbs_color":"","ocean_breadcrumbs_separator_color":"","ocean_breadcrumbs_links_color":"","ocean_breadcrumbs_links_hover_color":"","ocean_display_footer_widgets":"default","ocean_display_footer_bottom":"default","ocean_custom_footer_template":"","ocean_post_oembed":"","ocean_post_self_hosted_media":"","ocean_post_video_embed":"","ocean_link_format":"","ocean_link_format_target":"self","ocean_quote_format":"","ocean_quote_format_link":"post","ocean_gallery_link_images":"on","ocean_gallery_id":[],"footnotes":""},"categories":[4],"tags":[551,465,6881,110,429,1388,347,1585],"class_list":["post-22194","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market","tag-analyst","tag-coinbase","tag-hcw","tag-price","tag-raises","tag-stock","tag-strong","tag-target","entry","has-media","owp-thumbs-layout-horizontal","owp-btn-normal","owp-tabs-layout-horizontal","has-no-thumbnails","has-product-nav"],"_links":{"self":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/22194","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/comments?post=22194"}],"version-history":[{"count":1,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/22194\/revisions"}],"predecessor-version":[{"id":22195,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/22194\/revisions\/22195"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/media\/22196"}],"wp:attachment":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/media?parent=22194"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/categories?post=22194"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v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