The TipRanks All-star Analyst of the Day title goes to analyst Mike Colonnese of H.C. Wainwright. Remarkably, Colonnese ranks #235 out of the 9,653 Wall Street analysts tracked by TipRanks. One of the key stocks in his coverage is Coinbase Global (COIN), for which he is the Best analyst over a one-year time frame.
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Coinbase Global is a U.S.-based cryptocurrency exchange and financial services platform that offers secure buying, selling, and storing cryptocurrencies. For a thorough assessment of the stock, go to TipRanks’ Stock Analysis page.
Best Analyst on COIN Stock over One Year
When we look at Colonnese’s recommendation for Coinbase Global stock, we see that over the past year, Colonnese has had a 85% success rate on the stock. Plus, he has earned an average return of 114.45% in the said period.
On an overall basis, copying Colonnese’s trades and holding them for a year would give you an average return of 37.4%, with 54% of your trades generating a profit.
Not Just COIN
Colonnese primarily focuses on covering the General sector in the U.S. and Canadian markets. Importantly, his most profitable rating to date was a Buy on Cleanspark, Inc. (CLSK). This is a pure‑play Bitcoin mining company that builds and runs its own low-cost, low-carbon mining facilities across North America. The analyst earned a massive 460% return on the call between December 15, 2022 and December 15, 2023.
Following phenomenally successful analysts’ ratings can add profit to your portfolio. Find the best analyst to follow for any stock by scrolling down to the “Best Analyst Covering” feature on its Analyst Forecast page.
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