Coinbase stock has more than doubled off its lows, rallying 163% from its June 30 low to the recent high. That said, Coinbase is a hard one for me to buy. That’s thanks to SEC investigations, a brutal bear market in cryptocurrencies and growth stocks, slashes tolong-term estimatesand no profitability in sight.
With the push higher, Coinbase stock recovered almost one-quarter of its peak-to-trough losses. Can it go higher still? Of course. But amid the current environment, bulls can find better selections elsewhere.$Coinbase Global, Inc.(COIN)$
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