Why Coinbase's Upside Could Be Immense, With A Price Target Of $500

Benzinga2021-04-16

One of most anticipated IPOs of 2021 took place Wednesday with Coinbase Global hitting the public markets. The cryptocurrency exchange companyopenedfor trading at $381 a share. An analyst believes shares can go much higher than Wednesday’s opening price.

The Coinbase Analyst:BTIG analyst Mark Palmer initiated shares of Coinbase with a Buy rating and $500 price target.

The Analyst Takeaways: Palmer called Coinbase the gold standard among digital asset exchanges.

Coinbase is seeing rapid growth as the crypto ecosystem expands and its increased use is a tailwind for the company going forward.

“We believe COIN, the most popular consumer-facing cryptocurrency exchange in the U.S., is positioned to be a primary beneficiary of the increased adoption of Bitcoin and other digital assets as it continues to scale in the U.S. and internationally,” Palmer said.

Coinbase reported revenue of $1.8 billion for the first quarter, which was more than its entire fiscal 2020. One concern was the company’s cautious tone that the first-quarter results shouldn’t be viewed as a representation of its run rate.

“We believe they demonstrated the platform’s ability to generate explosive growth,” the analyst noted.

Another concern for Coinbase is its dependence on transaction fees (96% of 2020 revenue), which could make the company volatile to the crypto markets. The analyst said Coinbase is diversifying its revenue stream.

Coinbase reported an 11.3% market share for the amount of the world’s crypto assets held in the first quarter. “This market share is at the core of our bullish thesis on COIN, the company’s upside could be immense,” Palmer said

The $500 price target is based on a multiple of 16x estimated fiscal 2024 revenue of $8.2 billion. The analyst estimates Coinbase to report revenue of $6.1 billion in fiscal 2021 and $6.3 billion in fiscal 2022.

“We believe COIN should be regarded as a market leader in a category characterized by rapid and apparently sustainable growth driven by significant changes in consumers’ behaviors and their adoption of new technology,” the analyst said, adding that there are other comparable category leaders such as Zoom Video Communications Inc,Tesla Inc and Snowflake Inc.

COIN Price Action:Shares of Coinbase are down 1.68% to $322.75 on Thursday.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

joechill
2021-04-16
joechill
Great
TradeOptions
2021-04-16
TradeOptions
Will this stock have options?
Kalllll
2021-04-16
Kalllll
Nice
Wangal
2021-04-16
Wangal
?
Edithlo
2021-04-16
Edithlo
Will hold till then
Fujisan
2021-04-16
Fujisan
Time to buy some coinbase

Leave a comment

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An analyst believes shares can go much higher than Wednesday’s opening price.</p>\n<p><b>The Coinbase Analyst:</b>BTIG analyst Mark Palmer initiated&nbsp;shares of Coinbase with a Buy rating and $500 price target.</p>\n<p><b>The Analyst Takeaways:</b>&nbsp;Palmer called Coinbase&nbsp;the gold standard among digital asset exchanges.</p>\n<p>Coinbase is seeing rapid growth as the crypto ecosystem expands and its increased use is a tailwind for the company going forward.</p>\n<p>“We believe COIN, the most popular consumer-facing cryptocurrency exchange in the U.S., is positioned to be a primary beneficiary of the increased adoption of Bitcoin and other digital assets as it continues to scale in the U.S. and internationally,” Palmer said.</p>\n<p>Coinbase reported revenue of $1.8 billion for the first quarter, which was more than its entire fiscal 2020. One concern was the company’s cautious tone that the first-quarter results shouldn’t be viewed as a representation of its run rate.</p>\n<p>“We believe they demonstrated the platform’s ability to generate explosive growth,” the analyst noted.</p>\n<p>Another concern for Coinbase is its dependence on transaction fees (96% of 2020 revenue), which could make the company volatile to the crypto markets. The analyst said Coinbase is diversifying its revenue stream.</p>\n<p>Coinbase reported an 11.3% market share for the amount of the world’s crypto assets held in the first quarter. “This market share is at the core of our bullish thesis on COIN, the company’s upside could be immense,” Palmer said</p>\n<p>The $500 price target is based on a multiple of 16x estimated fiscal 2024 revenue of $8.2 billion. 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The cryptocurrency exchange companyopenedfor trading at $381 a share. An analyst believes ...</p>\n\n<a href=\"None\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"COIN","symbol_name":"Coinbase Global, Inc.","start_time":0,"source_url":null,"article_id":"1160288453","we_media_id":"1052270027","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1160288453","pubTimestamp":1618540779,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Benzinga","introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"summary":"One of most anticipated IPOs of 2021 took place Wednesday with Coinbase Global hitting the public ma","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"COIN":"Coinbase Global, Inc."},"translate_title":"为什么Coinbase的上涨空间是巨大的，目标价格是500美元","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"COIN":0.9},"content_text":"One of most anticipated IPOs of 2021 took place Wednesday with Coinbase Global hitting the public markets. The cryptocurrency exchange companyopenedfor trading at $381 a share. An analyst believes shares can go much higher than Wednesday’s opening price.\nThe Coinbase Analyst:BTIG analyst Mark Palmer initiated shares of Coinbase with a Buy rating and $500 price target.\nThe Analyst Takeaways: Palmer called Coinbase the gold standard among digital asset exchanges.\nCoinbase is seeing rapid growth as the crypto ecosystem expands and its increased use is a tailwind for the company going forward.\n“We believe COIN, the most popular consumer-facing cryptocurrency exchange in the U.S., is positioned to be a primary beneficiary of the increased adoption of Bitcoin and other digital assets as it continues to scale in the U.S. and internationally,” Palmer said.\nCoinbase reported revenue of $1.8 billion for the first quarter, which was more than its entire fiscal 2020. 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The cryptocurrency exchange companyopenedfor trading at $381 a share. An analyst believes shares can go much higher than Wednesday’s opening price.</p>\n<p><b>The Coinbase Analyst:</b>BTIG analyst Mark Palmer initiated&nbsp;shares of Coinbase with a Buy rating and $500 price target.</p>\n<p><b>The Analyst Takeaways:</b>&nbsp;Palmer called Coinbase&nbsp;the gold standard among digital asset exchanges.</p>\n<p>Coinbase is seeing rapid growth as the crypto ecosystem expands and its increased use is a tailwind for the company going forward.</p>\n<p>“We believe COIN, the most popular consumer-facing cryptocurrency exchange in the U.S., is positioned to be a primary beneficiary of the increased adoption of Bitcoin and other digital assets as it continues to scale in the U.S. and internationally,” Palmer said.</p>\n<p>Coinbase reported revenue of $1.8 billion for the first quarter, which was more than its entire fiscal 2020. One concern was the company’s cautious tone that the first-quarter results shouldn’t be viewed as a representation of its run rate.</p>\n<p>“We believe they demonstrated the platform’s ability to generate explosive growth,” the analyst noted.</p>\n<p>Another concern for Coinbase is its dependence on transaction fees (96% of 2020 revenue), which could make the company volatile to the crypto markets. The analyst said Coinbase is diversifying its revenue stream.</p>\n<p>Coinbase reported an 11.3% market share for the amount of the world’s crypto assets held in the first quarter. “This market share is at the core of our bullish thesis on COIN, the company’s upside could be immense,” Palmer said</p>\n<p>The $500 price target is based on a multiple of 16x estimated fiscal 2024 revenue of $8.2 billion. The analyst estimates Coinbase to report revenue of $6.1 billion in fiscal 2021 and $6.3 billion in fiscal 2022.</p>\n<p>“We believe COIN should be regarded as a market leader in a category characterized by rapid and apparently sustainable growth driven by significant changes in consumers’ behaviors and their adoption of new technology,” the analyst said, adding that there are other comparable category leaders such as&nbsp;<b>Zoom Video Communications Inc</b>,<b>Tesla Inc</b>&nbsp;and&nbsp;<b>Snowflake Inc</b>.</p>\n<p><b>COIN Price Action:</b>Shares of Coinbase are down 1.68% to $322.75 on&nbsp;Thursday.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why Coinbase's Upside Could Be Immense, With A Price Target Of $500</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy Coinbase's Upside Could Be Immense, With A Price Target Of $500\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2021-04-16 10:39</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p>One of most anticipated IPOs of 2021 took place Wednesday with&nbsp;<b>Coinbase Global</b>&nbsp;hitting the public markets. The cryptocurrency exchange companyopenedfor trading at $381 a share. An analyst believes shares can go much higher than Wednesday’s opening price.</p>\n<p><b>The Coinbase Analyst:</b>BTIG analyst Mark Palmer initiated&nbsp;shares of Coinbase with a Buy rating and $500 price target.</p>\n<p><b>The Analyst Takeaways:</b>&nbsp;Palmer called Coinbase&nbsp;the gold standard among digital asset exchanges.</p>\n<p>Coinbase is seeing rapid growth as the crypto ecosystem expands and its increased use is a tailwind for the company going forward.</p>\n<p>“We believe COIN, the most popular consumer-facing cryptocurrency exchange in the U.S., is positioned to be a primary beneficiary of the increased adoption of Bitcoin and other digital assets as it continues to scale in the U.S. and internationally,” Palmer said.</p>\n<p>Coinbase reported revenue of $1.8 billion for the first quarter, which was more than its entire fiscal 2020. One concern was the company’s cautious tone that the first-quarter results shouldn’t be viewed as a representation of its run rate.</p>\n<p>“We believe they demonstrated the platform’s ability to generate explosive growth,” the analyst noted.</p>\n<p>Another concern for Coinbase is its dependence on transaction fees (96% of 2020 revenue), which could make the company volatile to the crypto markets. The analyst said Coinbase is diversifying its revenue stream.</p>\n<p>Coinbase reported an 11.3% market share for the amount of the world’s crypto assets held in the first quarter. “This market share is at the core of our bullish thesis on COIN, the company’s upside could be immense,” Palmer said</p>\n<p>The $500 price target is based on a multiple of 16x estimated fiscal 2024 revenue of $8.2 billion. The analyst estimates Coinbase to report revenue of $6.1 billion in fiscal 2021 and $6.3 billion in fiscal 2022.</p>\n<p>“We believe COIN should be regarded as a market leader in a category characterized by rapid and apparently sustainable growth driven by significant changes in consumers’ behaviors and their adoption of new technology,” the analyst said, adding that there are other comparable category leaders such as&nbsp;<b>Zoom Video Communications Inc</b>,<b>Tesla Inc</b>&nbsp;and&nbsp;<b>Snowflake Inc</b>.</p>\n<p><b>COIN Price Action:</b>Shares of Coinbase are down 1.68% to $322.75 on&nbsp;Thursday.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1160288453","content_text":"One of most anticipated IPOs of 2021 took place Wednesday with Coinbase Global hitting the public markets. The cryptocurrency exchange companyopenedfor trading at $381 a share. An analyst believes shares can go much higher than Wednesday’s opening price.\nThe Coinbase Analyst:BTIG analyst Mark Palmer initiated shares of Coinbase with a Buy rating and $500 price target.\nThe Analyst Takeaways: Palmer called Coinbase the gold standard among digital asset exchanges.\nCoinbase is seeing rapid growth as the crypto ecosystem expands and its increased use is a tailwind for the company going forward.\n“We believe COIN, the most popular consumer-facing cryptocurrency exchange in the U.S., is positioned to be a primary beneficiary of the increased adoption of Bitcoin and other digital assets as it continues to scale in the U.S. and internationally,” Palmer said.\nCoinbase reported revenue of $1.8 billion for the first quarter, which was more than its entire fiscal 2020. One concern was the company’s cautious tone that the first-quarter results shouldn’t be viewed as a representation of its run rate.\n“We believe they demonstrated the platform’s ability to generate explosive growth,” the analyst noted.\nAnother concern for Coinbase is its dependence on transaction fees (96% of 2020 revenue), which could make the company volatile to the crypto markets. The analyst said Coinbase is diversifying its revenue stream.\nCoinbase reported an 11.3% market share for the amount of the world’s crypto assets held in the first quarter. “This market share is at the core of our bullish thesis on COIN, the company’s upside could be immense,” Palmer said\nThe $500 price target is based on a multiple of 16x estimated fiscal 2024 revenue of $8.2 billion. The analyst estimates Coinbase to report revenue of $6.1 billion in fiscal 2021 and $6.3 billion in fiscal 2022.\n“We believe COIN should be regarded as a market leader in a category characterized by rapid and apparently sustainable growth driven by significant changes in consumers’ behaviors and their adoption of new technology,” the analyst said, adding that there are other comparable category leaders such as Zoom Video Communications Inc,Tesla Inc and Snowflake Inc.\nCOIN Price Action:Shares of Coinbase are down 1.68% to $322.75 on Thursday.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":370320837,"gmtCreate":1618554019729,"gmtModify":1704712654303,"author":{"id":"3575180527964069","authorId":"3575180527964069","name":"TradeOptions","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3575180527964069","authorIdStr":"3575180527964069"},"htmlText":"Will this stock have options?","listText":"Will this stock have options?","text":"Will this stock have options?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/370320837","repostId":1160288453,"repostType":2,"repost":{"id":"1160288453","kind":"news","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1618540779,"share":"https://ttm.financial/m/news/1160288453?lang=&edition=fundamental","pubTime":"2021-04-16 10:39","market":"us","language":"en","title":"Why Coinbase's Upside Could Be Immense, With A Price Target Of $500","url":"https://stock-news.laohu8.com/highlight/detail?id=1160288453","media":"Benzinga","summary":"One of most anticipated IPOs of 2021 took place Wednesday with Coinbase Global hitting the public ma","content":"<p>One of most anticipated IPOs of 2021 took place Wednesday with&nbsp;<b>Coinbase Global</b>&nbsp;hitting the public markets. The cryptocurrency exchange companyopenedfor trading at $381 a share. An analyst believes shares can go much higher than Wednesday’s opening price.</p>\n<p><b>The Coinbase Analyst:</b>BTIG analyst Mark Palmer initiated&nbsp;shares of Coinbase with a Buy rating and $500 price target.</p>\n<p><b>The Analyst Takeaways:</b>&nbsp;Palmer called Coinbase&nbsp;the gold standard among digital asset exchanges.</p>\n<p>Coinbase is seeing rapid growth as the crypto ecosystem expands and its increased use is a tailwind for the company going forward.</p>\n<p>“We believe COIN, the most popular consumer-facing cryptocurrency exchange in the U.S., is positioned to be a primary beneficiary of the increased adoption of Bitcoin and other digital assets as it continues to scale in the U.S. and internationally,” Palmer said.</p>\n<p>Coinbase reported revenue of $1.8 billion for the first quarter, which was more than its entire fiscal 2020. One concern was the company’s cautious tone that the first-quarter results shouldn’t be viewed as a representation of its run rate.</p>\n<p>“We believe they demonstrated the platform’s ability to generate explosive growth,” the analyst noted.</p>\n<p>Another concern for Coinbase is its dependence on transaction fees (96% of 2020 revenue), which could make the company volatile to the crypto markets. The analyst said Coinbase is diversifying its revenue stream.</p>\n<p>Coinbase reported an 11.3% market share for the amount of the world’s crypto assets held in the first quarter. “This market share is at the core of our bullish thesis on COIN, the company’s upside could be immense,” Palmer said</p>\n<p>The $500 price target is based on a multiple of 16x estimated fiscal 2024 revenue of $8.2 billion. The analyst estimates Coinbase to report revenue of $6.1 billion in fiscal 2021 and $6.3 billion in fiscal 2022.</p>\n<p>“We believe COIN should be regarded as a market leader in a category characterized by rapid and apparently sustainable growth driven by significant changes in consumers’ behaviors and their adoption of new technology,” the analyst said, adding that there are other comparable category leaders such as&nbsp;<b>Zoom Video Communications Inc</b>,<b>Tesla Inc</b>&nbsp;and&nbsp;<b>Snowflake Inc</b>.</p>\n<p><b>COIN Price Action:</b>Shares of Coinbase are down 1.68% to $322.75 on&nbsp;Thursday.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why Coinbase's Upside Could Be Immense, With A Price Target Of $500</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy Coinbase's Upside Could Be Immense, With A Price Target Of $500\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2021-04-16 10:39</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p>One of most anticipated IPOs of 2021 took place Wednesday with&nbsp;<b>Coinbase Global</b>&nbsp;hitting the public markets. The cryptocurrency exchange companyopenedfor trading at $381 a share. An analyst believes shares can go much higher than Wednesday’s opening price.</p>\n<p><b>The Coinbase Analyst:</b>BTIG analyst Mark Palmer initiated&nbsp;shares of Coinbase with a Buy rating and $500 price target.</p>\n<p><b>The Analyst Takeaways:</b>&nbsp;Palmer called Coinbase&nbsp;the gold standard among digital asset exchanges.</p>\n<p>Coinbase is seeing rapid growth as the crypto ecosystem expands and its increased use is a tailwind for the company going forward.</p>\n<p>“We believe COIN, the most popular consumer-facing cryptocurrency exchange in the U.S., is positioned to be a primary beneficiary of the increased adoption of Bitcoin and other digital assets as it continues to scale in the U.S. and internationally,” Palmer said.</p>\n<p>Coinbase reported revenue of $1.8 billion for the first quarter, which was more than its entire fiscal 2020. One concern was the company’s cautious tone that the first-quarter results shouldn’t be viewed as a representation of its run rate.</p>\n<p>“We believe they demonstrated the platform’s ability to generate explosive growth,” the analyst noted.</p>\n<p>Another concern for Coinbase is its dependence on transaction fees (96% of 2020 revenue), which could make the company volatile to the crypto markets. The analyst said Coinbase is diversifying its revenue stream.</p>\n<p>Coinbase reported an 11.3% market share for the amount of the world’s crypto assets held in the first quarter. “This market share is at the core of our bullish thesis on COIN, the company’s upside could be immense,” Palmer said</p>\n<p>The $500 price target is based on a multiple of 16x estimated fiscal 2024 revenue of $8.2 billion. The analyst estimates Coinbase to report revenue of $6.1 billion in fiscal 2021 and $6.3 billion in fiscal 2022.</p>\n<p>“We believe COIN should be regarded as a market leader in a category characterized by rapid and apparently sustainable growth driven by significant changes in consumers’ behaviors and their adoption of new technology,” the analyst said, adding that there are other comparable category leaders such as&nbsp;<b>Zoom Video Communications Inc</b>,<b>Tesla Inc</b>&nbsp;and&nbsp;<b>Snowflake Inc</b>.</p>\n<p><b>COIN Price Action:</b>Shares of Coinbase are down 1.68% to $322.75 on&nbsp;Thursday.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1160288453","content_text":"One of most anticipated IPOs of 2021 took place Wednesday with Coinbase Global hitting the public markets. The cryptocurrency exchange companyopenedfor trading at $381 a share. An analyst believes shares can go much higher than Wednesday’s opening price.\nThe Coinbase Analyst:BTIG analyst Mark Palmer initiated shares of Coinbase with a Buy rating and $500 price target.\nThe Analyst Takeaways: Palmer called Coinbase the gold standard among digital asset exchanges.\nCoinbase is seeing rapid growth as the crypto ecosystem expands and its increased use is a tailwind for the company going forward.\n“We believe COIN, the most popular consumer-facing cryptocurrency exchange in the U.S., is positioned to be a primary beneficiary of the increased adoption of Bitcoin and other digital assets as it continues to scale in the U.S. and internationally,” Palmer said.\nCoinbase reported revenue of $1.8 billion for the first quarter, which was more than its entire fiscal 2020. One concern was the company’s cautious tone that the first-quarter results shouldn’t be viewed as a representation of its run rate.\n“We believe they demonstrated the platform’s ability to generate explosive growth,” the analyst noted.\nAnother concern for Coinbase is its dependence on transaction fees (96% of 2020 revenue), which could make the company volatile to the crypto markets. The analyst said Coinbase is diversifying its revenue stream.\nCoinbase reported an 11.3% market share for the amount of the world’s crypto assets held in the first quarter. “This market share is at the core of our bullish thesis on COIN, the company’s upside could be immense,” Palmer said\nThe $500 price target is based on a multiple of 16x estimated fiscal 2024 revenue of $8.2 billion. The analyst estimates Coinbase to report revenue of $6.1 billion in fiscal 2021 and $6.3 billion in fiscal 2022.\n“We believe COIN should be regarded as a market leader in a category characterized by rapid and apparently sustainable growth driven by significant changes in consumers’ behaviors and their adoption of new technology,” the analyst said, adding that there are other comparable category leaders such as Zoom Video Communications Inc,Tesla Inc and Snowflake Inc.\nCOIN Price Action:Shares of Coinbase are down 1.68% to $322.75 on Thursday.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":370389577,"gmtCreate":1618552102599,"gmtModify":1704712628731,"author":{"id":"3575187662973652","authorId":"3575187662973652","name":"Kalllll","avatar":"https://static.tigerbbs.com/79cdea0e5b00873b55af6be3c8af95c9","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3575187662973652","authorIdStr":"3575187662973652"},"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/370389577","repostId":1160288453,"repostType":2,"repost":{"id":"1160288453","kind":"news","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1618540779,"share":"https://ttm.financial/m/news/1160288453?lang=&edition=fundamental","pubTime":"2021-04-16 10:39","market":"us","language":"en","title":"Why Coinbase's Upside Could Be Immense, With A Price Target Of $500","url":"https://stock-news.laohu8.com/highlight/detail?id=1160288453","media":"Benzinga","summary":"One of most anticipated IPOs of 2021 took place Wednesday with Coinbase Global hitting the public ma","content":"<p>One of most anticipated IPOs of 2021 took place Wednesday with&nbsp;<b>Coinbase Global</b>&nbsp;hitting the public markets. The cryptocurrency exchange companyopenedfor trading at $381 a share. An analyst believes shares can go much higher than Wednesday’s opening price.</p>\n<p><b>The Coinbase Analyst:</b>BTIG analyst Mark Palmer initiated&nbsp;shares of Coinbase with a Buy rating and $500 price target.</p>\n<p><b>The Analyst Takeaways:</b>&nbsp;Palmer called Coinbase&nbsp;the gold standard among digital asset exchanges.</p>\n<p>Coinbase is seeing rapid growth as the crypto ecosystem expands and its increased use is a tailwind for the company going forward.</p>\n<p>“We believe COIN, the most popular consumer-facing cryptocurrency exchange in the U.S., is positioned to be a primary beneficiary of the increased adoption of Bitcoin and other digital assets as it continues to scale in the U.S. and internationally,” Palmer said.</p>\n<p>Coinbase reported revenue of $1.8 billion for the first quarter, which was more than its entire fiscal 2020. One concern was the company’s cautious tone that the first-quarter results shouldn’t be viewed as a representation of its run rate.</p>\n<p>“We believe they demonstrated the platform’s ability to generate explosive growth,” the analyst noted.</p>\n<p>Another concern for Coinbase is its dependence on transaction fees (96% of 2020 revenue), which could make the company volatile to the crypto markets. The analyst said Coinbase is diversifying its revenue stream.</p>\n<p>Coinbase reported an 11.3% market share for the amount of the world’s crypto assets held in the first quarter. “This market share is at the core of our bullish thesis on COIN, the company’s upside could be immense,” Palmer said</p>\n<p>The $500 price target is based on a multiple of 16x estimated fiscal 2024 revenue of $8.2 billion. The analyst estimates Coinbase to report revenue of $6.1 billion in fiscal 2021 and $6.3 billion in fiscal 2022.</p>\n<p>“We believe COIN should be regarded as a market leader in a category characterized by rapid and apparently sustainable growth driven by significant changes in consumers’ behaviors and their adoption of new technology,” the analyst said, adding that there are other comparable category leaders such as&nbsp;<b>Zoom Video Communications Inc</b>,<b>Tesla Inc</b>&nbsp;and&nbsp;<b>Snowflake Inc</b>.</p>\n<p><b>COIN Price Action:</b>Shares of Coinbase are down 1.68% to $322.75 on&nbsp;Thursday.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why Coinbase's Upside Could Be Immense, With A Price Target Of $500</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy Coinbase's Upside Could Be Immense, With A Price Target Of $500\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2021-04-16 10:39</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p>One of most anticipated IPOs of 2021 took place Wednesday with&nbsp;<b>Coinbase Global</b>&nbsp;hitting the public markets. The cryptocurrency exchange companyopenedfor trading at $381 a share. An analyst believes shares can go much higher than Wednesday’s opening price.</p>\n<p><b>The Coinbase Analyst:</b>BTIG analyst Mark Palmer initiated&nbsp;shares of Coinbase with a Buy rating and $500 price target.</p>\n<p><b>The Analyst Takeaways:</b>&nbsp;Palmer called Coinbase&nbsp;the gold standard among digital asset exchanges.</p>\n<p>Coinbase is seeing rapid growth as the crypto ecosystem expands and its increased use is a tailwind for the company going forward.</p>\n<p>“We believe COIN, the most popular consumer-facing cryptocurrency exchange in the U.S., is positioned to be a primary beneficiary of the increased adoption of Bitcoin and other digital assets as it continues to scale in the U.S. and internationally,” Palmer said.</p>\n<p>Coinbase reported revenue of $1.8 billion for the first quarter, which was more than its entire fiscal 2020. One concern was the company’s cautious tone that the first-quarter results shouldn’t be viewed as a representation of its run rate.</p>\n<p>“We believe they demonstrated the platform’s ability to generate explosive growth,” the analyst noted.</p>\n<p>Another concern for Coinbase is its dependence on transaction fees (96% of 2020 revenue), which could make the company volatile to the crypto markets. The analyst said Coinbase is diversifying its revenue stream.</p>\n<p>Coinbase reported an 11.3% market share for the amount of the world’s crypto assets held in the first quarter. “This market share is at the core of our bullish thesis on COIN, the company’s upside could be immense,” Palmer said</p>\n<p>The $500 price target is based on a multiple of 16x estimated fiscal 2024 revenue of $8.2 billion. The analyst estimates Coinbase to report revenue of $6.1 billion in fiscal 2021 and $6.3 billion in fiscal 2022.</p>\n<p>“We believe COIN should be regarded as a market leader in a category characterized by rapid and apparently sustainable growth driven by significant changes in consumers’ behaviors and their adoption of new technology,” the analyst said, adding that there are other comparable category leaders such as&nbsp;<b>Zoom Video Communications Inc</b>,<b>Tesla Inc</b>&nbsp;and&nbsp;<b>Snowflake Inc</b>.</p>\n<p><b>COIN Price Action:</b>Shares of Coinbase are down 1.68% to $322.75 on&nbsp;Thursday.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1160288453","content_text":"One of most anticipated IPOs of 2021 took place Wednesday with Coinbase Global hitting the public markets. The cryptocurrency exchange companyopenedfor trading at $381 a share. An analyst believes shares can go much higher than Wednesday’s opening price.\nThe Coinbase Analyst:BTIG analyst Mark Palmer initiated shares of Coinbase with a Buy rating and $500 price target.\nThe Analyst Takeaways: Palmer called Coinbase the gold standard among digital asset exchanges.\nCoinbase is seeing rapid growth as the crypto ecosystem expands and its increased use is a tailwind for the company going forward.\n“We believe COIN, the most popular consumer-facing cryptocurrency exchange in the U.S., is positioned to be a primary beneficiary of the increased adoption of Bitcoin and other digital assets as it continues to scale in the U.S. and internationally,” Palmer said.\nCoinbase reported revenue of $1.8 billion for the first quarter, which was more than its entire fiscal 2020. One concern was the company’s cautious tone that the first-quarter results shouldn’t be viewed as a representation of its run rate.\n“We believe they demonstrated the platform’s ability to generate explosive growth,” the analyst noted.\nAnother concern for Coinbase is its dependence on transaction fees (96% of 2020 revenue), which could make the company volatile to the crypto markets. The analyst said Coinbase is diversifying its revenue stream.\nCoinbase reported an 11.3% market share for the amount of the world’s crypto assets held in the first quarter. “This market share is at the core of our bullish thesis on COIN, the company’s upside could be immense,” Palmer said\nThe $500 price target is based on a multiple of 16x estimated fiscal 2024 revenue of $8.2 billion. The analyst estimates Coinbase to report revenue of $6.1 billion in fiscal 2021 and $6.3 billion in fiscal 2022.\n“We believe COIN should be regarded as a market leader in a category characterized by rapid and apparently sustainable growth driven by significant changes in consumers’ behaviors and their adoption of new technology,” the analyst said, adding that there are other comparable category leaders such as Zoom Video Communications Inc,Tesla Inc and Snowflake Inc.\nCOIN Price Action:Shares of Coinbase are down 1.68% to $322.75 on Thursday.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":370311516,"gmtCreate":1618551311335,"gmtModify":1704712617867,"author":{"id":"3575580168546148","authorId":"3575580168546148","name":"Wangal","avatar":"https://static.tigerbbs.com/800f70a7feba8b3bc44da842ec3567a6","vip":1,"crmLevel":4,"crmLevelSwitch":1,"idStr":"3575580168546148","authorIdStr":"3575580168546148"},"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/370311516","repostId":1160288453,"repostType":4,"repost":{"id":"1160288453","kind":"news","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1618540779,"share":"https://ttm.financial/m/news/1160288453?lang=&edition=fundamental","pubTime":"2021-04-16 10:39","market":"us","language":"en","title":"Why Coinbase's Upside Could Be Immense, With A Price Target Of $500","url":"https://stock-news.laohu8.com/highlight/detail?id=1160288453","media":"Benzinga","summary":"One of most anticipated IPOs of 2021 took place Wednesday with Coinbase Global hitting the public ma","content":"<p>One of most anticipated IPOs of 2021 took place Wednesday with&nbsp;<b>Coinbase Global</b>&nbsp;hitting the public markets. The cryptocurrency exchange companyopenedfor trading at $381 a share. An analyst believes shares can go much higher than Wednesday’s opening price.</p>\n<p><b>The Coinbase Analyst:</b>BTIG analyst Mark Palmer initiated&nbsp;shares of Coinbase with a Buy rating and $500 price target.</p>\n<p><b>The Analyst Takeaways:</b>&nbsp;Palmer called Coinbase&nbsp;the gold standard among digital asset exchanges.</p>\n<p>Coinbase is seeing rapid growth as the crypto ecosystem expands and its increased use is a tailwind for the company going forward.</p>\n<p>“We believe COIN, the most popular consumer-facing cryptocurrency exchange in the U.S., is positioned to be a primary beneficiary of the increased adoption of Bitcoin and other digital assets as it continues to scale in the U.S. and internationally,” Palmer said.</p>\n<p>Coinbase reported revenue of $1.8 billion for the first quarter, which was more than its entire fiscal 2020. One concern was the company’s cautious tone that the first-quarter results shouldn’t be viewed as a representation of its run rate.</p>\n<p>“We believe they demonstrated the platform’s ability to generate explosive growth,” the analyst noted.</p>\n<p>Another concern for Coinbase is its dependence on transaction fees (96% of 2020 revenue), which could make the company volatile to the crypto markets. The analyst said Coinbase is diversifying its revenue stream.</p>\n<p>Coinbase reported an 11.3% market share for the amount of the world’s crypto assets held in the first quarter. “This market share is at the core of our bullish thesis on COIN, the company’s upside could be immense,” Palmer said</p>\n<p>The $500 price target is based on a multiple of 16x estimated fiscal 2024 revenue of $8.2 billion. The analyst estimates Coinbase to report revenue of $6.1 billion in fiscal 2021 and $6.3 billion in fiscal 2022.</p>\n<p>“We believe COIN should be regarded as a market leader in a category characterized by rapid and apparently sustainable growth driven by significant changes in consumers’ behaviors and their adoption of new technology,” the analyst said, adding that there are other comparable category leaders such as&nbsp;<b>Zoom Video Communications Inc</b>,<b>Tesla Inc</b>&nbsp;and&nbsp;<b>Snowflake Inc</b>.</p>\n<p><b>COIN Price Action:</b>Shares of Coinbase are down 1.68% to $322.75 on&nbsp;Thursday.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why Coinbase's Upside Could Be Immense, With A Price Target Of $500</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy Coinbase's Upside Could Be Immense, With A Price Target Of $500\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2021-04-16 10:39</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p>One of most anticipated IPOs of 2021 took place Wednesday with&nbsp;<b>Coinbase Global</b>&nbsp;hitting the public markets. The cryptocurrency exchange companyopenedfor trading at $381 a share. An analyst believes shares can go much higher than Wednesday’s opening price.</p>\n<p><b>The Coinbase Analyst:</b>BTIG analyst Mark Palmer initiated&nbsp;shares of Coinbase with a Buy rating and $500 price target.</p>\n<p><b>The Analyst Takeaways:</b>&nbsp;Palmer called Coinbase&nbsp;the gold standard among digital asset exchanges.</p>\n<p>Coinbase is seeing rapid growth as the crypto ecosystem expands and its increased use is a tailwind for the company going forward.</p>\n<p>“We believe COIN, the most popular consumer-facing cryptocurrency exchange in the U.S., is positioned to be a primary beneficiary of the increased adoption of Bitcoin and other digital assets as it continues to scale in the U.S. and internationally,” Palmer said.</p>\n<p>Coinbase reported revenue of $1.8 billion for the first quarter, which was more than its entire fiscal 2020. One concern was the company’s cautious tone that the first-quarter results shouldn’t be viewed as a representation of its run rate.</p>\n<p>“We believe they demonstrated the platform’s ability to generate explosive growth,” the analyst noted.</p>\n<p>Another concern for Coinbase is its dependence on transaction fees (96% of 2020 revenue), which could make the company volatile to the crypto markets. The analyst said Coinbase is diversifying its revenue stream.</p>\n<p>Coinbase reported an 11.3% market share for the amount of the world’s crypto assets held in the first quarter. “This market share is at the core of our bullish thesis on COIN, the company’s upside could be immense,” Palmer said</p>\n<p>The $500 price target is based on a multiple of 16x estimated fiscal 2024 revenue of $8.2 billion. The analyst estimates Coinbase to report revenue of $6.1 billion in fiscal 2021 and $6.3 billion in fiscal 2022.</p>\n<p>“We believe COIN should be regarded as a market leader in a category characterized by rapid and apparently sustainable growth driven by significant changes in consumers’ behaviors and their adoption of new technology,” the analyst said, adding that there are other comparable category leaders such as&nbsp;<b>Zoom Video Communications Inc</b>,<b>Tesla Inc</b>&nbsp;and&nbsp;<b>Snowflake Inc</b>.</p>\n<p><b>COIN Price Action:</b>Shares of Coinbase are down 1.68% to $322.75 on&nbsp;Thursday.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1160288453","content_text":"One of most anticipated IPOs of 2021 took place Wednesday with Coinbase Global hitting the public markets. The cryptocurrency exchange companyopenedfor trading at $381 a share. An analyst believes shares can go much higher than Wednesday’s opening price.\nThe Coinbase Analyst:BTIG analyst Mark Palmer initiated shares of Coinbase with a Buy rating and $500 price target.\nThe Analyst Takeaways: Palmer called Coinbase the gold standard among digital asset exchanges.\nCoinbase is seeing rapid growth as the crypto ecosystem expands and its increased use is a tailwind for the company going forward.\n“We believe COIN, the most popular consumer-facing cryptocurrency exchange in the U.S., is positioned to be a primary beneficiary of the increased adoption of Bitcoin and other digital assets as it continues to scale in the U.S. and internationally,” Palmer said.\nCoinbase reported revenue of $1.8 billion for the first quarter, which was more than its entire fiscal 2020. One concern was the company’s cautious tone that the first-quarter results shouldn’t be viewed as a representation of its run rate.\n“We believe they demonstrated the platform’s ability to generate explosive growth,” the analyst noted.\nAnother concern for Coinbase is its dependence on transaction fees (96% of 2020 revenue), which could make the company volatile to the crypto markets. The analyst said Coinbase is diversifying its revenue stream.\nCoinbase reported an 11.3% market share for the amount of the world’s crypto assets held in the first quarter. “This market share is at the core of our bullish thesis on COIN, the company’s upside could be immense,” Palmer said\nThe $500 price target is based on a multiple of 16x estimated fiscal 2024 revenue of $8.2 billion. The analyst estimates Coinbase to report revenue of $6.1 billion in fiscal 2021 and $6.3 billion in fiscal 2022.\n“We believe COIN should be regarded as a market leader in a category characterized by rapid and apparently sustainable growth driven by significant changes in consumers’ behaviors and their adoption of new technology,” the analyst said, adding that there are other comparable category leaders such as Zoom Video Communications Inc,Tesla Inc and Snowflake Inc.\nCOIN Price Action:Shares of Coinbase are down 1.68% to $322.75 on Thursday.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":370335446,"gmtCreate":1618550725785,"gmtModify":1704712609282,"author":{"id":"3581246235306838","authorId":"3581246235306838","name":"Edithlo","avatar":"https://static.tigerbbs.com/2541a903057e589f03a02d51926b17e3","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3581246235306838","authorIdStr":"3581246235306838"},"htmlText":"Will hold till then","listText":"Will hold till then","text":"Will hold till then","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/370335446","repostId":1160288453,"repostType":2,"repost":{"id":"1160288453","kind":"news","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1618540779,"share":"https://ttm.financial/m/news/1160288453?lang=&edition=fundamental","pubTime":"2021-04-16 10:39","market":"us","language":"en","title":"Why Coinbase's Upside Could Be Immense, With A Price Target Of $500","url":"https://stock-news.laohu8.com/highlight/detail?id=1160288453","media":"Benzinga","summary":"One of most anticipated IPOs of 2021 took place Wednesday with Coinbase Global hitting the public ma","content":"<p>One of most anticipated IPOs of 2021 took place Wednesday with&nbsp;<b>Coinbase Global</b>&nbsp;hitting the public markets. The cryptocurrency exchange companyopenedfor trading at $381 a share. An analyst believes shares can go much higher than Wednesday’s opening price.</p>\n<p><b>The Coinbase Analyst:</b>BTIG analyst Mark Palmer initiated&nbsp;shares of Coinbase with a Buy rating and $500 price target.</p>\n<p><b>The Analyst Takeaways:</b>&nbsp;Palmer called Coinbase&nbsp;the gold standard among digital asset exchanges.</p>\n<p>Coinbase is seeing rapid growth as the crypto ecosystem expands and its increased use is a tailwind for the company going forward.</p>\n<p>“We believe COIN, the most popular consumer-facing cryptocurrency exchange in the U.S., is positioned to be a primary beneficiary of the increased adoption of Bitcoin and other digital assets as it continues to scale in the U.S. and internationally,” Palmer said.</p>\n<p>Coinbase reported revenue of $1.8 billion for the first quarter, which was more than its entire fiscal 2020. One concern was the company’s cautious tone that the first-quarter results shouldn’t be viewed as a representation of its run rate.</p>\n<p>“We believe they demonstrated the platform’s ability to generate explosive growth,” the analyst noted.</p>\n<p>Another concern for Coinbase is its dependence on transaction fees (96% of 2020 revenue), which could make the company volatile to the crypto markets. The analyst said Coinbase is diversifying its revenue stream.</p>\n<p>Coinbase reported an 11.3% market share for the amount of the world’s crypto assets held in the first quarter. “This market share is at the core of our bullish thesis on COIN, the company’s upside could be immense,” Palmer said</p>\n<p>The $500 price target is based on a multiple of 16x estimated fiscal 2024 revenue of $8.2 billion. The analyst estimates Coinbase to report revenue of $6.1 billion in fiscal 2021 and $6.3 billion in fiscal 2022.</p>\n<p>“We believe COIN should be regarded as a market leader in a category characterized by rapid and apparently sustainable growth driven by significant changes in consumers’ behaviors and their adoption of new technology,” the analyst said, adding that there are other comparable category leaders such as&nbsp;<b>Zoom Video Communications Inc</b>,<b>Tesla Inc</b>&nbsp;and&nbsp;<b>Snowflake Inc</b>.</p>\n<p><b>COIN Price Action:</b>Shares of Coinbase are down 1.68% to $322.75 on&nbsp;Thursday.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why Coinbase's Upside Could Be Immense, With A Price Target Of $500</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy Coinbase's Upside Could Be Immense, With A Price Target Of $500\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2021-04-16 10:39</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p>One of most anticipated IPOs of 2021 took place Wednesday with&nbsp;<b>Coinbase Global</b>&nbsp;hitting the public markets. The cryptocurrency exchange companyopenedfor trading at $381 a share. An analyst believes shares can go much higher than Wednesday’s opening price.</p>\n<p><b>The Coinbase Analyst:</b>BTIG analyst Mark Palmer initiated&nbsp;shares of Coinbase with a Buy rating and $500 price target.</p>\n<p><b>The Analyst Takeaways:</b>&nbsp;Palmer called Coinbase&nbsp;the gold standard among digital asset exchanges.</p>\n<p>Coinbase is seeing rapid growth as the crypto ecosystem expands and its increased use is a tailwind for the company going forward.</p>\n<p>“We believe COIN, the most popular consumer-facing cryptocurrency exchange in the U.S., is positioned to be a primary beneficiary of the increased adoption of Bitcoin and other digital assets as it continues to scale in the U.S. and internationally,” Palmer said.</p>\n<p>Coinbase reported revenue of $1.8 billion for the first quarter, which was more than its entire fiscal 2020. One concern was the company’s cautious tone that the first-quarter results shouldn’t be viewed as a representation of its run rate.</p>\n<p>“We believe they demonstrated the platform’s ability to generate explosive growth,” the analyst noted.</p>\n<p>Another concern for Coinbase is its dependence on transaction fees (96% of 2020 revenue), which could make the company volatile to the crypto markets. The analyst said Coinbase is diversifying its revenue stream.</p>\n<p>Coinbase reported an 11.3% market share for the amount of the world’s crypto assets held in the first quarter. “This market share is at the core of our bullish thesis on COIN, the company’s upside could be immense,” Palmer said</p>\n<p>The $500 price target is based on a multiple of 16x estimated fiscal 2024 revenue of $8.2 billion. The analyst estimates Coinbase to report revenue of $6.1 billion in fiscal 2021 and $6.3 billion in fiscal 2022.</p>\n<p>“We believe COIN should be regarded as a market leader in a category characterized by rapid and apparently sustainable growth driven by significant changes in consumers’ behaviors and their adoption of new technology,” the analyst said, adding that there are other comparable category leaders such as&nbsp;<b>Zoom Video Communications Inc</b>,<b>Tesla Inc</b>&nbsp;and&nbsp;<b>Snowflake Inc</b>.</p>\n<p><b>COIN Price Action:</b>Shares of Coinbase are down 1.68% to $322.75 on&nbsp;Thursday.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1160288453","content_text":"One of most anticipated IPOs of 2021 took place Wednesday with Coinbase Global hitting the public markets. The cryptocurrency exchange companyopenedfor trading at $381 a share. An analyst believes shares can go much higher than Wednesday’s opening price.\nThe Coinbase Analyst:BTIG analyst Mark Palmer initiated shares of Coinbase with a Buy rating and $500 price target.\nThe Analyst Takeaways: Palmer called Coinbase the gold standard among digital asset exchanges.\nCoinbase is seeing rapid growth as the crypto ecosystem expands and its increased use is a tailwind for the company going forward.\n“We believe COIN, the most popular consumer-facing cryptocurrency exchange in the U.S., is positioned to be a primary beneficiary of the increased adoption of Bitcoin and other digital assets as it continues to scale in the U.S. and internationally,” Palmer said.\nCoinbase reported revenue of $1.8 billion for the first quarter, which was more than its entire fiscal 2020. One concern was the company’s cautious tone that the first-quarter results shouldn’t be viewed as a representation of its run rate.\n“We believe they demonstrated the platform’s ability to generate explosive growth,” the analyst noted.\nAnother concern for Coinbase is its dependence on transaction fees (96% of 2020 revenue), which could make the company volatile to the crypto markets. The analyst said Coinbase is diversifying its revenue stream.\nCoinbase reported an 11.3% market share for the amount of the world’s crypto assets held in the first quarter. “This market share is at the core of our bullish thesis on COIN, the company’s upside could be immense,” Palmer said\nThe $500 price target is based on a multiple of 16x estimated fiscal 2024 revenue of $8.2 billion. The analyst estimates Coinbase to report revenue of $6.1 billion in fiscal 2021 and $6.3 billion in fiscal 2022.\n“We believe COIN should be regarded as a market leader in a category characterized by rapid and apparently sustainable growth driven by significant changes in consumers’ behaviors and their adoption of new technology,” the analyst said, adding that there are other comparable category leaders such as Zoom Video Communications Inc,Tesla Inc and Snowflake Inc.\nCOIN Price Action:Shares of Coinbase are down 1.68% to $322.75 on Thursday.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":370336627,"gmtCreate":1618550550069,"gmtModify":1704712606036,"author":{"id":"3563012974056528","authorId":"3563012974056528","name":"Fujisan","avatar":"https://static.tigerbbs.com/fb9443cbf3c8d884ee1ee858260ed819","vip":1,"crmLevel":2,"crmLevelSwitch":1,"idStr":"3563012974056528","authorIdStr":"3563012974056528"},"htmlText":"Time to buy some coinbase","listText":"Time to buy some coinbase","text":"Time to buy some coinbase","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/370336627","repostId":1160288453,"repostType":4,"repost":{"id":"1160288453","kind":"news","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1618540779,"share":"https://ttm.financial/m/news/1160288453?lang=&edition=fundamental","pubTime":"2021-04-16 10:39","market":"us","language":"en","title":"Why Coinbase's Upside Could Be Immense, With A Price Target Of $500","url":"https://stock-news.laohu8.com/highlight/detail?id=1160288453","media":"Benzinga","summary":"One of most anticipated IPOs of 2021 took place Wednesday with Coinbase Global hitting the public ma","content":"<p>One of most anticipated IPOs of 2021 took place Wednesday with&nbsp;<b>Coinbase Global</b>&nbsp;hitting the public markets. The cryptocurrency exchange companyopenedfor trading at $381 a share. An analyst believes shares can go much higher than Wednesday’s opening price.</p>\n<p><b>The Coinbase Analyst:</b>BTIG analyst Mark Palmer initiated&nbsp;shares of Coinbase with a Buy rating and $500 price target.</p>\n<p><b>The Analyst Takeaways:</b>&nbsp;Palmer called Coinbase&nbsp;the gold standard among digital asset exchanges.</p>\n<p>Coinbase is seeing rapid growth as the crypto ecosystem expands and its increased use is a tailwind for the company going forward.</p>\n<p>“We believe COIN, the most popular consumer-facing cryptocurrency exchange in the U.S., is positioned to be a primary beneficiary of the increased adoption of Bitcoin and other digital assets as it continues to scale in the U.S. and internationally,” Palmer said.</p>\n<p>Coinbase reported revenue of $1.8 billion for the first quarter, which was more than its entire fiscal 2020. One concern was the company’s cautious tone that the first-quarter results shouldn’t be viewed as a representation of its run rate.</p>\n<p>“We believe they demonstrated the platform’s ability to generate explosive growth,” the analyst noted.</p>\n<p>Another concern for Coinbase is its dependence on transaction fees (96% of 2020 revenue), which could make the company volatile to the crypto markets. The analyst said Coinbase is diversifying its revenue stream.</p>\n<p>Coinbase reported an 11.3% market share for the amount of the world’s crypto assets held in the first quarter. “This market share is at the core of our bullish thesis on COIN, the company’s upside could be immense,” Palmer said</p>\n<p>The $500 price target is based on a multiple of 16x estimated fiscal 2024 revenue of $8.2 billion. The analyst estimates Coinbase to report revenue of $6.1 billion in fiscal 2021 and $6.3 billion in fiscal 2022.</p>\n<p>“We believe COIN should be regarded as a market leader in a category characterized by rapid and apparently sustainable growth driven by significant changes in consumers’ behaviors and their adoption of new technology,” the analyst said, adding that there are other comparable category leaders such as&nbsp;<b>Zoom Video Communications Inc</b>,<b>Tesla Inc</b>&nbsp;and&nbsp;<b>Snowflake Inc</b>.</p>\n<p><b>COIN Price Action:</b>Shares of Coinbase are down 1.68% to $322.75 on&nbsp;Thursday.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why Coinbase's Upside Could Be Immense, With A Price Target Of $500</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy Coinbase's Upside Could Be Immense, With A Price Target Of $500\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2021-04-16 10:39</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p>One of most anticipated IPOs of 2021 took place Wednesday with&nbsp;<b>Coinbase Global</b>&nbsp;hitting the public markets. The cryptocurrency exchange companyopenedfor trading at $381 a share. An analyst believes shares can go much higher than Wednesday’s opening price.</p>\n<p><b>The Coinbase Analyst:</b>BTIG analyst Mark Palmer initiated&nbsp;shares of Coinbase with a Buy rating and $500 price target.</p>\n<p><b>The Analyst Takeaways:</b>&nbsp;Palmer called Coinbase&nbsp;the gold standard among digital asset exchanges.</p>\n<p>Coinbase is seeing rapid growth as the crypto ecosystem expands and its increased use is a tailwind for the company going forward.</p>\n<p>“We believe COIN, the most popular consumer-facing cryptocurrency exchange in the U.S., is positioned to be a primary beneficiary of the increased adoption of Bitcoin and other digital assets as it continues to scale in the U.S. and internationally,” Palmer said.</p>\n<p>Coinbase reported revenue of $1.8 billion for the first quarter, which was more than its entire fiscal 2020. One concern was the company’s cautious tone that the first-quarter results shouldn’t be viewed as a representation of its run rate.</p>\n<p>“We believe they demonstrated the platform’s ability to generate explosive growth,” the analyst noted.</p>\n<p>Another concern for Coinbase is its dependence on transaction fees (96% of 2020 revenue), which could make the company volatile to the crypto markets. The analyst said Coinbase is diversifying its revenue stream.</p>\n<p>Coinbase reported an 11.3% market share for the amount of the world’s crypto assets held in the first quarter. “This market share is at the core of our bullish thesis on COIN, the company’s upside could be immense,” Palmer said</p>\n<p>The $500 price target is based on a multiple of 16x estimated fiscal 2024 revenue of $8.2 billion. The analyst estimates Coinbase to report revenue of $6.1 billion in fiscal 2021 and $6.3 billion in fiscal 2022.</p>\n<p>“We believe COIN should be regarded as a market leader in a category characterized by rapid and apparently sustainable growth driven by significant changes in consumers’ behaviors and their adoption of new technology,” the analyst said, adding that there are other comparable category leaders such as&nbsp;<b>Zoom Video Communications Inc</b>,<b>Tesla Inc</b>&nbsp;and&nbsp;<b>Snowflake Inc</b>.</p>\n<p><b>COIN Price Action:</b>Shares of Coinbase are down 1.68% to $322.75 on&nbsp;Thursday.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1160288453","content_text":"One of most anticipated IPOs of 2021 took place Wednesday with Coinbase Global hitting the public markets. The cryptocurrency exchange companyopenedfor trading at $381 a share. An analyst believes shares can go much higher than Wednesday’s opening price.\nThe Coinbase Analyst:BTIG analyst Mark Palmer initiated shares of Coinbase with a Buy rating and $500 price target.\nThe Analyst Takeaways: Palmer called Coinbase the gold standard among digital asset exchanges.\nCoinbase is seeing rapid growth as the crypto ecosystem expands and its increased use is a tailwind for the company going forward.\n“We believe COIN, the most popular consumer-facing cryptocurrency exchange in the U.S., is positioned to be a primary beneficiary of the increased adoption of Bitcoin and other digital assets as it continues to scale in the U.S. and internationally,” Palmer said.\nCoinbase reported revenue of $1.8 billion for the first quarter, which was more than its entire fiscal 2020. One concern was the company’s cautious tone that the first-quarter results shouldn’t be viewed as a representation of its run rate.\n“We believe they demonstrated the platform’s ability to generate explosive growth,” the analyst noted.\nAnother concern for Coinbase is its dependence on transaction fees (96% of 2020 revenue), which could make the company volatile to the crypto markets. The analyst said Coinbase is diversifying its revenue stream.\nCoinbase reported an 11.3% market share for the amount of the world’s crypto assets held in the first quarter. “This market share is at the core of our bullish thesis on COIN, the company’s upside could be immense,” Palmer said\nThe $500 price target is based on a multiple of 16x estimated fiscal 2024 revenue of $8.2 billion. The analyst estimates Coinbase to report revenue of $6.1 billion in fiscal 2021 and $6.3 billion in fiscal 2022.\n“We believe COIN should be regarded as a market leader in a category characterized by rapid and apparently sustainable growth driven by significant changes in consumers’ behaviors and their adoption of new technology,” the analyst said, adding that there are other comparable category leaders such as Zoom Video Communications Inc,Tesla Inc and Snowflake Inc.\nCOIN Price Action:Shares of Coinbase are down 1.68% to $322.75 on Thursday.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":51,"commentSize":27,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1160288453"}