12 Best Up and Coming Stocks to Buy According to Wall Street Analysts

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8. Coinbase Global Inc. (NASDAQ:COIN)

Average Upside Potential as of March 21: 63.36%

Number of Hedge Fund Holders: 69

Coinbase Global Inc. (NASDAQ:COIN) operates a leading crypto asset platform. It provides services for consumers, institutions, and developers. It acts as a primary financial gateway to the crypto economy by offering brokerage services and tools for building on blockchain technology.

The company’s subscription and services revenue showcased a diversification beyond trading. In 2024, this segment surged by 64% year-over-year and reached $2.3 billion. This was primarily driven by USDC, staking, and Coinbase One. Specifically, Coinbase One surpassed 600,000 paid subscribers by December. The company reported $6.6 billion in total revenue in 2024. The international revenue share reached 19% in Q4 2024.

For 2025, Coinbase Global Inc. (NASDAQ:COIN) aims to increase USDC’s market cap through new partnerships and payment integrations. The company also plans to grow staking services for both retail and institutional clients, and expand Coinbase One’s reach, especially in international markets. For Q1 2025, Coinbase projects subscription and services revenue to be between $685 million and $765 million, driven by stablecoin growth and subscriber increases.

Patient Capital Management stated the following regarding Coinbase Global, Inc. (NASDAQ:COIN) in its Q4 2024 investor letter:

“The top performers in the fourth quarter were once again Financials and Travel names. We’ve been over-indexed to them since the pandemic, which has served us well. We strategically added to certain financial names like Sofi Technologies (SOFI) and Coinbase Global, Inc. (NASDAQ:COIN) during the year. Both companies rebounded strongly in the fourth quarter. We believe Coinbase is building the platform for the crypto ecosystem. Certain recent advances (wallet, base improvements, USD Coin) could cause an adoption tipping point. We like that Coinbase continues to widen its moat by persistently investing in innovation.”

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