Seeking Alpha 2022-01-06 22:54:55

Coinbase: Crypto Is Here To Stay

On April 14, 2021, the cryptocurrency exchange platform Coinbase went public on the Nasdaq with a price of $328.28 per share, giving it a whopping valuation of ​​$85.7 billion.Although the crypto market has seen high uncertainty in the past year, Coinbase stands out as an undervalued stock pick due to strong financials and product growth opportunities.It is clear that crypto is here to stay and Coinbase will benefit tremendously from the rising popularity and acceptance.We rate Coinbase Global, Inc. as a buy with a price target of $399.56, which is a 59.7% upside from the current price of $250.15.

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.
Helpful Resources: | | |