First, we provide paid placements to advertisers to present their offers. This compensation comes from two main sources. To help support our reporting work, and to continue our ability to provide this content for free to our readers, we receive compensation from the companies that advertise on the Forbes Advisor site. The Forbes Advisor editorial team is independent and objective. The 25 analysts covering Coinbase have an average price target of $75. Morningstar has a “buy” rating and $90 fair value estimate for Coinbase. “As the leading U.S.-based cryptocurrency exchange, Coinbase has positioned itself as a reliable on-ramp to the cryptocurrency space for new and experienced cryptocurrency traders alike,” Miller says. Fortunately for Coinbase investors, Morningstar equity analyst Michael Miller says the company’s long-term outlook remains bright. In addition, the company said it has lost roughly 700,000 monthly transacting users (MTUs) in the past two quarters.Ĭoinbase laid off about 18% of its workforce in June 2022, and the stock is down 77% year to date, making it the worst performer on this list. In November, Coinbase reported its revenue dropped more than 50% from a year earlier. The 2022 crypto market sell-off has been particularly harsh on Coinbase. It also holds roughly $153 million in Bitcoin, according to CoinGecko. The company’s exchange allows retail and institutional investors to buy, sell, store and send cryptocurrency. The 42 analysts covering PayPal have an average price target of $104.50.Ĭoinbase is the largest pure-play cryptocurrency exchange stock. “PYPL is demonstrating very strong margin performance and cost discipline, raising the 2022 EPS outlook despite top-line macro pressures impacting discretionary consumer spending,” Kupferberg says.īank of America has a “buy” rating and $112 price target for PayPal, and plenty of other analysts are bullish on the stock as well. However, Bank of America analyst Jason Kupferberg says PayPal’s third-quarter earnings report demonstrates its underlying business remains strong, and he says long-term investors should be buying the dip. Like many other tech stocks, PayPal has taken a big hit in 2022. PayPal’s mobile wallet Venmo also allows users to buy and sell cryptocurrency. PayPal users can check out and pay using crypto at millions of online merchants. PayPal operates its own digital wallets and allows users to buy, transfer and sell cryptocurrencies, including Bitcoin, Ethereum, Bitcoin Cash (BCH) and Litecoin (LTC). PayPal is a leading technology platform that facilitates digital and mobile payments for both consumers and merchants. “Long term, Visa’s competitive position and scale should also lead to incremental operating leverage and high returns on capital, with additional growth from adjacent payment verticals and use cases, as the recent foray into tech-focused solutions around analytics, security, and cryptos also add to future volume growth and enhanced transaction yield potential,” CFRA analyst David Holt says.ĬFRA has a “buy” rating and $255 price target for Visa shares, and other Wall Street analysts agree that Visa is an excellent long-term investment. Visa offers investors diversified exposure to the crypto market without the extreme volatility and risk associated with smaller, less-established pure-play crypto companies. In addition, Visa recently filed trademark applications related to digital wallets and non-fungible tokens ( NFTs). Visa has partnered with several crypto exchanges, including and Coinbase, to offer crypto debit cards and crypto credit cards. Visa is the world’s largest electronic payment network and is a market leader in credit cards and digital and mobile payments.
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