Better Cathie Wood Stock: Coinbase vs. UiPath
Many investors follow Cathie Wood's latest trades for her ARK Innovation ETF (NYSEMKT: ARKK), but it's been a wild ride over the past two years. The famed growth investor's flagship exchange-traded fund suffered a 67% drawdown in 2022 as rising interest rates pummeled growth stocks -- but it's rallied 36% this year as many of her top holdings bounced back.
Two of those top holdings are Coinbase Global (NASDAQ: COIN) and UiPath (NYSE: PATH), which saw their shares rise 50% and 35%, respectively, since the beginning of 2023. Coinbase is currently Ark Innovation's sixth largest holding, with a weight of 5.7%, while UiPath is its fourth largest position and accounts for 6.6% of its portfolio. Should investors buy either of these Cathie Wood-approved growth stocks right now?
Image source: Getty Images.
Source Fool.com
Coinbase Global Inc. Stock
Currently there is a rather positive sentiment for Coinbase Global Inc. with 26 Buy predictions and 14 Sell predictions.
With a target price of 173 € there is a slightly positive potential of 11.1% for Coinbase Global Inc. compared to the current price of 155.72 €.
