Wedbush: Brilliant quarterly results but regulatory uncertainty still exists, raising Coinbase (COIN.US) target price to $300

智通财经网2021-08-12

Zhitong Finance APP learned that Wedbush Securities analyst Moshe Katri released a research report, reiterating the "buy" rating of Coinbase (COIN.US) and raising the target price from $275 to $300. Katri said that Coinbase's second-quarter performance was outstanding. Its revenue, adjusted EBITDA, and EBITDA margin all beat Wall Street consensus estimates. However, as the cryptocurrency fell sharply at the end of the second quarter, Coinbase's platform trading volume also saw...

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MajorJackpot
2021-08-13
MajorJackpot
Agreed

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Katri said that Coinbase's second-quarter performance was outstanding. Its revenue, adjusted EBITDA, and EBITDA margin all beat Wall Street consensus estimates. 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