Professional
Added to YB: 2024-10-30
Pitch date: 2024-10-28
COIN [bullish]
Coinbase Global, Inc.
+13.36%
current return
Author Info
No bio for this author
Company Info
Coinbase Global, Inc. operates platform for crypto assets in the United States and internationally. It offers the primary financial account in the crypto economy for consumers; a brokerage platform with a pool of liquidity across the crypto marketplace for institutions; and a suite of products granting access to build onchain for developers.
Market Cap
$80.9B
Pitch Price
$220.91
Price Target
245.00 (-8%)
Dividend
N/A
EV/EBITDA
44.69
P/E
30.34
EV/Sales
11.63
Sector
Capital Markets
Category
growth
Monness Initiates Coinbase at Buy with $245 Target
COIN: Monness initiates Buy, PT $245. Leader in crypto exchange/custody. Base project, 110M users, 8.2M MTUs. Expanding into new geographies, assets, services. Replicating TradFi profit centers. Compliance focus. SEC lawsuit overhang, but could create entry points. Long-term winner in growing crypto ecosystem.
Read full article (2 min)