AI predicts Coinbase (COIN) stock price after Q2 earnings
Coinbase Global Inc (NASDAQ: COIN) reported its Q2 2024 earnings with above-expectation results, although with lower profits than Q1. Finbold turned to OpenAI‘s leading artificial intelligence (AI) model, ChatGPT-4o, for insights on the stock ‘s projected price for next year. The company reported $1.45 billion in revenue, of which $780.90 million was transaction revenue. Notably, both were above the $1.39 billion and $745.10 million estimated by analysts. On the other hand, Coinbase’s adjusted EBITDA came at $596 million, positive for the sixth consecutive quarter, although lower than the projected $607.7 million. These results are all worse than what the company presented in the first quarter, showing a decline, although still positive. Picks for you Is the U.S. economy about to crash? Markets sound the alarm ...