#6 - Coinbase (NASDAQ:COIN)
Coinbase Global Inc. (NASDAQ: COIN) is another stock that is rocketing higher on the coattails of Donald Trump’s election. The story here is cryptocurrency—specifically Bitcoin. The incoming administration is pledging to be a crypto-friendly administration. Granted, that’s a low bar to climb over, but the possibility of a national Bitcoin reserve has many cryptocurrency enthusiasts giddy and is creating FOMO (fear of missing out) among many investors who have been on the sideline.
That’s where Coinbase, the world’s largest cryptocurrency exchange, can help investors. Owning COIN stock means you can ride the current tailwinds without needing to own any specific crypto token.
Of all the stocks on this list, Coinbase presents investors with the most binary risk-reward scenario. If Bitcoin performs as many bulls expect, 2025 will be a blockbuster year. However, if the economy weakens, it could cause some selling in Bitcoin which would be a drag on crypto-adjacent stocks like COIN.
About Coinbase Global
Coinbase Global, Inc provides financial infrastructure and technology for the crypto economy in the United States and internationally. The company offers the primary financial account in the crypto economy for consumers; and a marketplace with a pool of liquidity for transacting in crypto assets for institutions.
Read More - Current Price
- $270.65
- Consensus Rating
- Hold
- Ratings Breakdown
- 10 Buy Ratings, 9 Hold Ratings, 1 Sell Ratings.
- Consensus Price Target
- $286.22 (5.8% Upside)
