COIN Stock Today: December 26 — Coinbase Buys Prediction Market Startup
COIN stock today is in focus after Coinbase said it will acquire prediction markets startup The Clearing Company. CEO Brian Armstrong hinted at a broader push following last week’s product launch. We explain what this means for growth, risk, and valuation. At a recent quote of $239.73, the stock trades at a 19.6x P/E with a $61.34 billion market cap. Analyst consensus sits at Buy with a $356.34 target, but sentiment is split, setting up possible near-term swings.
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