Coinbase Global, Inc. (NASDAQ:COIN) is one of Jim Cramer’s Biggest Cryptocurrency and Blockchain Stock Hits & Misses.

Coinbase Global, Inc. (NASDAQ:COIN) is one of the largest cryptocurrency exchanges in the world. Its shares are down by 6.4% over the past year and are up by 2.45% since Cramer discussed the firm on Mad Money. Coinbase Global, Inc. (NASDAQ:COIN)’s shares closed 4.7% higher on October 31st after the firm reported its third quarter earnings. The results saw it post $1.9 billion in revenue and $1.50 in adjusted earnings per share to beat analyst estimates of $1.8 billion and $1.10. However, more recently, Coinbase Global, Inc. (NASDAQ:COIN)’s shares closed 9.8% lower on March 24th. On that day, reports surfaced that a draft of the legislation called the CLARITY Act could restrict rewards on stablecoin holdings. This development affects Coinbase Global, Inc. (NASDAQ:COIN)’s customer base due to its presence in the stablecoin industry. The shares closed another 4% lower on the 26th, on the day banking giant Goldman Sachs cut the share price target to $235 from $270 and kept a Buy rating on the shares. Here’s what Cramer had said about Coinbase Global, Inc. (NASDAQ:COIN) on April 7th:

“Not a bad idea, Bitcoin’s down a lot, but why don’t you do this, why don’t you buy Bitcoin? Why buy Coinbase? You can just go buy Bitcoin. And I think that’s a good idea all the way down here. I prefer that to actually buying Coinbase.”

While we acknowledge the potential of COIN as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy. 

Disclosure: None. Follow Insider Monkey on Google News.