Coinbase Stock Rises Slightly But Continues to Underperform Broader Market Despite Positive Analyst Sentiment
• Coinbase Global (COIN) stock rose 0.33% but lagged behind broader market gains of 1-2% • COIN stock has fallen 26% over the past month, underperforming its sector and the S&P 500 • Coinbase is expected to report earnings per share of -$0.12 and revenue of $710.83 million for its next quarterly report • Analysts have increased EPS estimates for Coinbase by 13.07% over the past 30 days • Coinbase holds a Zacks Rank #2 (Buy), positioning it in the top 7% of all stocks in the Finance sector