![]() ![]() However, the recent waves of layoffs seen by Coinbase and others in this space may not be enough to combat what could be a sustained bear market for longer than many think is possible. ![]() Yes, Coinbase has slimmed down its operations and will work toward producing consistent profitability in this difficult market. For Coinbase stock, it's a tough time to forecast earnings and cash flows, given the uncertainty around these key variables. and stocks reacted positively to the rescue of Credit Suisse and regional banks in the United States. Personally, my view aligns with most of the analysts on Wall Street right now, who see lower trading volumes and declining transaction fees as the likely trajectory for the sector. Check the Bitcoin technical analysis and forecasts. The adjusted Ebitda loss, its headline earnings measure, is expected to come in at 198 million compared to a 1.2 billion profit the year before. The average price target of 63. Coinbase Stock Analysis: Despite the recent surge in Coinbase stock price, Wall Street analysts are largely cautious about the company’s prospects, with a Buy consensus rating. Investors in Coinbase must now face the question of whether this is a sustainable bear market bounce, or if it's just another bottom on the way to lower lows. Coinbase is forecast to report a 77 year-on-year drop in net revenue in the fourth quarter to 572 million. Coinbase has promised investors it anticipates recovering their funds. ![]() However, as a longer-term hold, some strong unfavorable secular headwinds could keep the company's valuation pinned at even lower levels from here. As a near-term trade, there's clearly a case to be made that this stock is poised for some sort of rally off these lows. In June, 18.4 of Coinbase shares had been sold short that figure reached 20. ![]() Thus, whether investors want to step into the stock at these levels may be more of a question of time horizon than anything. This is great news for those who bet on a drop in Coinbase’s stock price. ![]()
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