10 Worst Performing Fintech Stocks to Buy According to Analysts

2. Coinbase Global, Inc. (NASDAQ:COIN)

Year-to-Date Performance: -16.16%

Average Price Target Upside Potential According to Analysts: 56.29%

Number of Hedge Fund Holders: 69

Coinbase Global, Inc. (NASDAQ:COIN) is an American company that provides a platform for individuals and institutions to buy, sell, transfer, trade, stake, and safekeep crypto assets. Through one of the world’s biggest cryptocurrency exchange platforms, it serves customers in more than 100 countries. Coinbase Global, Inc. (NASDAQ:COIN) is one of the worst-performing stocks to buy in the fintech industry.

On February 19, Compass Point analyst Chase White increased the price target for Coinbase Global, Inc. (NASDAQ:COIN) to $365 from $295 and reiterated a “Buy” rating. The analyst expects the company to grow thanks to its strong retail market share and growing subscription and service revenues. The firm’s analyst also pointed out near-term opportunities for Coinbase Global, Inc. (NASDAQ:COIN), including the potential of Stablecoin and Base L2, a Layer 2 blockchain solution developed by the company to enhance Ethereum’s scalability. White pointed out that the USDC market cap is approaching all-time highs and that Coinbase Global, Inc. (NASDAQ:COIN) has an edge over its competitors like Tether in on-chain transfer volumes. Furthermore, the analyst believes that financial institutions will adopt these platforms, particularly after potential legislative developments. White expects these developments to take place in 2025.