The TipRanks All-star Analyst of the Day title goes to analyst Mike Colonnese of research firm H.C. Wainwright. Remarkably, Colonnese ranks #74 out of the 10,014 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 cryptocurrency exchange that generates revenue from trading fees, subscriptions, and custody services. For a thorough assessment of the stock, go to TipRanks’ Stock Analysis page.
Most Profitable and Accurate Analyst on Coinbase Stock
When we look at Colonnese’s recommendation for Coinbase stock, we see that he has had an 87% success rate by holding the stock for one year. Plus, he has earned an average return of 106.51% during that period.
On an overall basis, copying Colonnese’s trades and holding them for a year would give you an average return of 50.90%, with 64% 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 (CLSK), a bitcoin mining company. 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.
To follow the best Wall Street analysts, take a look at the list of Top Analysts on TipRanks.