Why Coinbase stock could rise another 36%, according to Goldman Sachs

Fortune2021-05-25

You can add [hotlink]Goldman Sachs[/hotlink] to the list of Coinbase bulls. The firm initiated coverage of the newly public cryptocurrency exchange on Monday with a "buy" rating, assigning it a 12-...

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Comments

BK_001
2021-05-25
BK_001
Like and comment pls
phily
2021-05-25
phily
Can go in now ?
kst
2021-05-25
kst
Coinbase maeket value is higher than nasdaq
- GabrielOr:
  damn son
jo88
2021-05-25
jo88
Like and comment
- BK_001:
  Like pls
phtan68
2021-05-25
phtan68
Is Goldman Sachs going nuts高盛是瘋了吧
DesmondChin
2021-05-25
DesmondChin
you assume that platform going to enjoy explosive growth like ecommerce?

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D.A. Davidson analyst Gil Luria recently told Fortune on an especially rough day for crypto last week that, \"The level of volatility is what really drives results for Coinbase—people buying and selling Bitcoin... not Bitcoin going up or down.\"\nLike others on the Street, Goldman doesn't see trading fees as the only name of the game for the longer term: The firm notes that \"While just 4% of [Coinbase’s] revenue now comes from non-trading activities, we believe subscription and services revenue has the potential to see outsized growth relative to the core run rate of the business as [Coinbase] rolls out additional ancillary services over time,\" including collateralized lending (which they describe as similar to margin lending) and the further growth of the firm's institutional business. 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Davidson's Luria noted, \"long term, Coinbase's price and value is going to be tied to the overall success of the crypto economy, which is tied to crypto prices.\"","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":138171609,"gmtCreate":1621921337901,"gmtModify":1704364488872,"author":{"id":"3575029530877311","authorId":"3575029530877311","name":"BK_001","avatar":"https://static.tigerbbs.com/ae6c60f25dc2e498b6aa2bcc99405def","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3575029530877311","idStr":"3575029530877311"},"htmlText":"Like and comment pls&nbsp;","listText":"Like and comment pls&nbsp;","text":"Like and comment pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/138171609","repostId":2138937151,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":138141468,"gmtCreate":1621920581454,"gmtModify":1704364474731,"author":{"id":"3580784569082011","authorId":"3580784569082011","name":"phily","avatar":"https://static.tigerbbs.com/aca5719ffbb6da30fa7f147236e6bec7","vip":1,"crmLevel":6,"crmLevelSwitch":0,"authorIdStr":"3580784569082011","idStr":"3580784569082011"},"htmlText":"Can go in now ?","listText":"Can go in now ?","text":"Can go in now ?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/138141468","repostId":2138937151,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":138154863,"gmtCreate":1621920053952,"gmtModify":1704364467786,"author":{"id":"3561344303096142","authorId":"3561344303096142","name":"kst","avatar":"https://static.tigerbbs.com/043e8352bd7ab92ad2245d0abd1cfd4f","vip":1,"crmLevel":5,"crmLevelSwitch":1,"authorIdStr":"3561344303096142","idStr":"3561344303096142"},"htmlText":"Coinbase maeket value is higher than nasdaq&nbsp;","listText":"Coinbase maeket value is higher than nasdaq&nbsp;","text":"Coinbase maeket value is higher than nasdaq","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/138154863","repostId":2138937151,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4441287,"gmtCreate":1621920358969,"gmtModify":1680790819745,"authorId":3570241401388332,"author":{"id":3570241401388332,"idStr":"3570241401388332","authorId":3570241401388332,"name":"GabrielOr","avatar":"https://static.tigerbbs.com/95dd3c0f7679a76d0310824220d86489","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":138154863,"type":1,"supId":0,"prevId":0,"content":"damn <u>son</u>","text":"damn <u>son</u>","html":"damn <u>son</u>"}],"langContent":"EN"},{"id":138156057,"gmtCreate":1621919751679,"gmtModify":1704364462859,"author":{"id":"3555382377663213","authorId":"3555382377663213","name":"jo88","avatar":"https://static.tigerbbs.com/3f3f7cfe71e85f286a9274876c16ebf2","vip":1,"crmLevel":5,"crmLevelSwitch":0,"authorIdStr":"3555382377663213","idStr":"3555382377663213"},"htmlText":"Like and comment","listText":"Like and comment","text":"Like and 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pls"}],"langContent":"EN"},{"id":138151659,"gmtCreate":1621919562471,"gmtModify":1704364460878,"author":{"id":"3574739732742262","authorId":"3574739732742262","name":"phtan68","avatar":"https://static.tigerbbs.com/6e3f25ca6f0628d3425ae8bb0e944aab","vip":1,"crmLevel":2,"crmLevelSwitch":1,"authorIdStr":"3574739732742262","idStr":"3574739732742262"},"htmlText":"Is Goldman Sachs going nuts高盛是瘋了吧","listText":"Is Goldman Sachs going nuts高盛是瘋了吧","text":"Is Goldman Sachs going nuts高盛是瘋了吧","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/138151659","repostId":2138937151,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":138153833,"gmtCreate":1621919468922,"gmtModify":1704364458711,"author":{"id":"3578983795474363","authorId":"3578983795474363","name":"DesmondChin","avatar":"https://static.tigerbbs.com/b90cb6b6a6c328ac8d02a829e5e7c835","vip":1,"hat":"https://static.tigerbbs.com/46b6808e1ba3716fb9c53339adffa3c5","crmLevel":3,"crmLevelSwitch":1,"authorIdStr":"3578983795474363","idStr":"3578983795474363"},"htmlText":"you assume that platform going to enjoy explosive growth like ecommerce?","listText":"you assume that platform going to enjoy explosive growth like ecommerce?","text":"you assume that platform going to enjoy explosive growth like ecommerce?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/138153833","repostId":2138937151,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":89,"commentSize":33,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; 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