| Stock | Price | 52 Week Range | Marketcap | EPS | Dividend Yield | Chart (24H) | Sector | Employees | Last Updated |
|---|---|---|---|---|---|---|---|---|---|
| $302.07 | 77.61B | 10.39 | 0.00% | Financial Services | 3,772 | 16 hours ago | |||
 UiPath, Inc. PATH | $10.99 | 5.88B | 0.12 | 0.00% | Technology | 3,868 | 16 hours ago | ||
| $336.57 | 95.44B | 14.27 | 0.00% | Technology | 1,483 | 16 hours ago |
Editor's Note: Analysis and insight for this article were originally sourced from our friends at Investor Place.
Coinbase Global (COIN): Riding the Crypto Wave to Highs
Volatility is the Game – Can You Handle It?
Let’s kick things off with Coinbase Global (COIN). If there’s one market synonymous with volatility, it’s the cryptocurrency market. And standing at the forefront of this digital age is Coinbase, one of the largest crypto exchanges globally. The stock has seen its fair share of ups and downs since its IPO, reflective of the broader rollercoaster that is the cryptocurrency market.
Bitcoin Leads the Charge
The resurgence of Bitcoin has played a significant role in Coinbase’s uptick this year. The stock is up 31% year-to-date, fueled by a broader resurgence in crypto prices, particularly in the first quarter. Despite this impressive gain, COIN stock still trades 34% lower than its post-IPO high in 2021. This discrepancy presents both a challenge and an opportunity, making Coinbase a quintessential high-risk, high-reward pick.
A Rallying Financial Outlook
Coinbase’s recent financials are a testament to its potential. The company swung from a $78.9 million loss to a blockbuster $1.18 billion profit in Q1, driven by a surge in trading activity. Transaction revenue tripled, hitting $1.08 billion. Further bolstering this narrative is the wave of new Bitcoin ETFs that have chosen Coinbase as their custodial partner, which promises to drive additional trading volume and revenue growth.
Analyst Ratings and Forecasts
| Category | Value |
|---|---|
| Consensus Rating | Buy |
| Average Price Target | $256.26 |
| Current Price | $237.65 |
| Potential Gain | 7.27% (from last closing price) |
| Number of Ratings | 28 |
Summary of Analyst Outlook
The analysts are optimistic about Coinbase Global, Inc. The current price of $237.65 is expected to reach a higher price target of $256.26, indicating a potential gain of 7.27%. The consensus rating from 28 analysts is a “buy,” indicating that they believe the stock has a higher potential for growth.
UiPath (PATH): Can the Co-Founder Revive the Cinderella Story?
A Turning Point in Leadership?
Next up is UiPath (PATH), a company specializing in robotic process automation software. The stock has faced significant headwinds, dropping 47% this year and over 80% since its 2023 IPO. These figures might deter some, but savvy investors will recognize the potential in this volatility, particularly with the recent leadership change.
New Leadership Brings New Hope
Co-founder Daniel Dines has returned to the CEO seat, sparking hopes of a turnaround. Dines’ intimate knowledge of the company and his visionary leadership could be just what UiPath needs to steer back onto a growth trajectory. Despite missed financial targets in the past, the first quarter of this year presented a glimmer of hope: UiPath reported an EPS of 13 cents, narrowly beating analysts’ consensus forecasts of 12 cents, and revenue reached $335 million, up 16% year-over-year.
Potential for a Strategic Rebound
While the company’s decision to lower its full-year revenue guidance to $1.40-$1.41 billion from the previous $1.55-$1.56 billion range has dampened investor confidence, it underscores the strategic recalibration underway. If Dines can successfully leverage his leadership to drive growth, the stock could potentially see substantial recovery and growth.
Analyst Ratings and Forecasts for PATH
| Category | Value |
|---|---|
| Consensus Rating | Hold |
| Average Price Target | $15.49 |
| Current Price | $12.03 |
| Potential Gain | 25.9% |
| Number of Ratings | 24 |
Summary of Analyst Outlook
Analysts have a mixed view of UiPath, with the consensus rating being a “Hold.” The average price target is slightly underwhelming, indicating that analysts do not expect significant growth or milestones in the stock’s value. The current price is $12.03, and analysts expect a potential gain of 25.9% based on their 12-month forecasts. This forecast period includes assessments for 2024 and 2025.
MicroStrategy (MSTR): Betting Big on Bitcoin
The Largest Corporate Crypto Holder’s Gambit
Lastly, we turn to MicroStrategy (MSTR), another company deeply entrenched in the world of cryptocurrency. Led by executive chairman Michael Saylor, MicroStrategy has taken an aggressive approach to Bitcoin, becoming the largest corporate holder of the digital currency. This strategy comes with high risk due to the inherent volatility of Bitcoin, but it also holds significant promise for substantial returns.
All-In on Bitcoin
MicroStrategy’s Bitcoin holdings are nothing short of monumental. With 226,331 bitcoins purchased at an average price of $36,798, the company’s stake totals approximately $15 billion at current prices. Recent acquisitions include 11,931 Bitcoin for $786 million, underscoring Saylor’s unwavering commitment to this high-stakes strategy. Each price pullback in Bitcoin presents an opportunity for MicroStrategy to bolster its holdings at favorable rates.
A Dual Value Proposition
Despite its heavy focus on Bitcoin, MicroStrategy remains fundamentally a software business. This segment of the company’s operations provides additional value that often goes unnoticed due to the overwhelming focus on its cryptocurrency holdings. Year-to-date, MSTR stock has climbed 91%, a testament to the effectiveness of its Bitcoin strategy and the potential for even greater returns as Bitcoin prices rise.
Analyst Ratings and Forecasts for MSTR
| Consensus Rating | Average Price Target | Current Price | Potential Gain | Number of Ratings |
|---|---|---|---|---|
| Buy | $1,959.82 | $1,469.43 | 33.4% | 8 |
Summary of Analyst Outlook
Analysts are generally optimistic about MicroStrategy Inc., with a consensus buy rating and an average price target indicating a significant upside potential of 33.4% from the current price. The most recent price target set by Bernstein on June 14, 2024, predicts a rise to $2,890 within a year, implying a potential gain of 95.80%.