Coinbase Global Coin可以顯示該公司在加密貨幣生態系統中的領導

輸入：Coinbase Global Coin可以顯示公司在加密貨幣生態系統中的領導

Coinbase Global (NASDAQ:COIN) stock could show the company's leadership in the cryptocurrency ecosystem with first-quarter financial results.

Coinbase Global（NASDAQ：COIN）股票可以以第一季度財務業績顯示公司在加密貨幣生態系統中的領導。

What Happened: Analysts at Benzinga Pro expect Coinbase to report first-quarter revenue of $2.13 billion, up from $1.64 billion in last year's first quarter.

發生了什麼：Benzinga Pro的分析師預計Coinbase將報告第一季度收入為21.3億美元，高於去年第一季度的16.4億美元。

The company beat analyst estimates for revenue in the last reported quarter, while beating estimates in eight of the last 10 quarters overall.

該公司擊敗了分析師在上一個報告的季度估計收入的估計，同時在過去10個季度中的八個中擊敗了估計。

Analysts, on average, anticipate earnings per share of $2.12 for the quarter, compared to $1.65 from last year's first quarter.

分析師平均預計該季度的每股收益為2.12美元，而去年的第一季度為1.65美元。

The company has a strong track record of beating expectations, having exceeded analyst estimates for earnings per share in the last eight straight quarters and eight of the last 10 quarters overall.

該公司在超過期望的良好記錄中，已經超過了最近八個季度的每股收益的分析師估計，而過去10個季度中的八個。

Recently, Rosenblatt analyst Chris Brendler said he expects "crypto winter" to continue and could hurt momentum for Coinbase stock.

最近，羅森布拉特分析師克里斯·布倫德勒（Chris Brendler）表示，他希望“加密冬季”將繼續，並可能傷害Coinbase Stock的動力。

The analyst said sentiment on crypto has reversed with sharply rising macro concerns.

分析師說，對加密貨幣的情緒扭轉了宏觀的疑慮。

Brendler rates the stock a Buy and lowered the price target from $305 to $290.

布倫德勒（Brendler）對股票的買入進行了評級，並將價格目標從305美元降低到290美元。

The analyst said he believes Coinbase's trading volumes in March were likely lower than expected. Brendler sees a rebound in crypto-related trading activity in the second half of 2025.

這位分析師說，他認為Coinbase在3月的交易量可能低於預期。布倫德勒（Brendler）看到2025年下半年與加密相關的交易活動反彈。

"In our view, legislative clarity will accelerate blockchain technology adoption and COIN will be a primary beneficiary," Brendler said.

布倫德勒說：“我們認為，立法清晰度將加速區塊鏈技術的採用，硬幣將成為主要受益人。”

Goldman Sachs analyst James Yaro sees a balanced risk/reward for Coinbase heading into the earnings report.

高盛分析師詹姆斯·雅羅（James Yaro）認為，進入收益報告的coinbase有平衡的風險/回報。

Yaro took over coverage of Coinbase at Goldman Sachs after the stock was previously covered by Will Nance.

在威爾·南斯（Will Nance）涵蓋該股票後，Yaro接管了高盛（Goldman Sachs）的Coinbase。

Yaro gave Coinbase a Neutral rating and a $195 price target.

Yaro給Coinbase的評級為中性，目標價為195美元。

With pure-play exposure to the cryptocurrency sector, Yaro sees long-term growth for Coinbase as the crypto ecosystem expands.

隨著對加密貨幣部門的純遊戲暴露，隨著加密生態系統的擴展，Yaro認為共同群的長期增長。

“We are cautiously optimistic on COIN, but see a balance of upside and downside risks,” Yaro said.

Yaro說：“我們對硬幣持謹慎樂觀的態度，但要看到上行和下行風險的平衡。”

Yaro highlights a positive regulatory environment for crypto that could support Coinbase’s growth, but also be a negative.

Yaro強調了可以支持Coinbase增長的積極調節環境，但也是負面的。

“Longer-term, regulatory reform could increase the crypto TAM, but also bring in competitors from across financial services. Competition could pressure COIN’s market share and pricing over time.”

“長期，監管改革可能會增加加密TAM，但也會吸引來自跨金融服務的競爭對手。競爭可能會隨著時間的流逝而施加巨大的壓力。”

Here are other recent analyst ratings on Coinbase and their price targets:

以下是Coinbase及其價格目標的其他最近分析師評級：

Key Items to Watch: Analysts and investors will be looking at many items in Coinbase's earnings report with the price of Bitcoin (BTC) trading strong in January before falling in March.

要觀看的關鍵項目：分析師和投資者將在Coinbase的收益報告中查看許多項目，而比特幣（BTC）在1月份進行了強勁交易的價格，然後在3月跌倒。

Transaction revenue was up 172% quarter-over-quarter in the fourth quarter. This could be a key item to show whether Coinbase continues its leadership in the cryptocurrency ecosystem and also if traders were active in the first quarter with Donald Trump being inaugurated and high volatility during the quarter.

交易收入在第四季度上升了四分之一季度的172％。這可能是表明Coinbase是否在加密貨幣生態系統中繼續領導的關鍵項目，以及第一季度交易者是否活躍，唐納德·特朗普（Donald Trump）在本季度開幕和高波動性。

Subscription and services has been a bright spot for Coinbase in recent quarters, bringing the company high-margin recurring revenue. Subscription and services revenue of $641 million in the fourth quarter was up 15% quarter-over-quarter and came in ahead of company guidance. The company is guiding for first-quarter subscription and services revenue in a range of $685 million to $765 million.

訂閱和服務一直是最近幾個季度Coinbase的亮點，使該公司高利潤經常性收入。第四季度的訂閱和服務收入為6.41億美元，四分之一季度上漲了15％，並在公司指導之前獲得了。該公司正在指導第一季度訂閱和服務收入的6.85億至7.65億美元。

Bitcoin made up 27% of both trading volume and transaction revenue in the fourth quarter. This was down from 37% and 35% respectively, in the third quarter. The new quarterly results will show if Bitcoin regained its dominance or saw lower activity due to other cryptocurrencies.

第四季度比特幣佔交易量和交易收入的27％。這是第三季度分別從37％和35％下降。新的季度結果將表明，由於其他加密貨幣，比特幣是否恢復了其優勢或較低的活動。

XRP Token (XRP) could be another item to watch after making up 14% of transaction revenue in the fourth quarter and seeing strong demand from Coinbase users.

XRP令牌（XRP）在第四季度彌補了交易收入的14％並看到Coinbase用戶的需求強勁後，可能是另一個值得關注的項目。

COIN Price Action: Coinbase stock is down 0.7% to $195.47 on Wednesday versus a 52-week trading range of $142.58 to $349.75.

硬幣價格行動：週三的Coinbase股票下跌0.7％至195.47美元，而52週的交易範圍為142.58美元至349.75美元。

Coinbase stock is down 21.4% year-to-date in 2025 and down 8.9% over the last year.

在2025年，Coinbase股票年滿21.4％，比去年下降了8.9％。

The drop in Coinbase's stock price comes with Bitcoin up 3.1% year-to-date and up 54.5% over the last year.

Coinbase的股價下跌，比特幣年初至今增長了3.1％，比去年增長了54.5％。

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