Coinbase Stock Could Sink, Short-Seller Takes Aim

215
Comment
Favorite

Coinbase Stock Could Sink, Short-Seller Takes Aim

TipRanks2022-04-01

Shares of popular cryptocurrency exchange platform Coinbase (COIN) have been under more selling pressure. With the broader tech sell-off and renowned short-seller Jim Chanos taking aim at the company,...

Source Link

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.

215

Report

Comment

Yannick
·2022-04-02
Thanks
Reply
Like
Report
h20
·2022-04-02
Sell on May and go away ?
Reply
2
Report
nananan
·2022-04-02
Famed...for shorting TSLA?
Reply
1
Report
Tee
·2022-04-02
Ok
Reply
2
Report
MamaLee
·2022-04-02
Ok
Reply
2
Report
SPOT_ON
·2022-04-02
Noted
Reply
2
Report
Aloynty
·2022-04-02
And like crypto, it will bounce. In for a volatile ride
Reply
2
Report
Mindthink
·2022-04-02
Ok
Reply
2
Report
Gackky
·2022-04-02
a shortist come out to support his short play
Reply
3
Report
andrew123
·2022-04-02
Like
Reply
2
Report
vic78
·2022-04-02
👍👍
Reply
1
Report
weekendnote
·2022-04-02
Ok
Reply
1
Report
Sunday128
·2022-04-02
Like pls
Reply
4
Report
fhho32
·2022-04-02
Wow
Reply
1
Report
EY12
·2022-04-01
Like
Reply
3
Report
nelson21
·2022-04-01
Please like
Reply
4
Report
wine18
·2022-04-01
Ok
Reply
1
Report
Ezumu
·2022-04-01
Xjxjzzjza
Reply
2
Report
SteadyDoesIt
·2022-04-01
Crypto itself is volatile
Reply
3
Report
Cloud7
·2022-04-01
Ok
Reply
2
Report

Most Discussed

7x24

All

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"share":"https://ttm.financial/m/news/1189350738?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2022-04-01 22:48","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1189350738","market":"us","top_or_hot":-1,"title":"Coinbase Stock Could Sink, Short-Seller Takes Aim","media":"TipRanks","content":"<div>\n<p>Shares of popular cryptocurrency exchange platform Coinbase (COIN) have been under more selling pressure. With the broader tech sell-off and renowned short-seller Jim Chanos taking aim at the company,...</p>\n\n<a href=\"https://www.tipranks.com/news/article/coinbase-stock-could-sink-short-seller-takes-aim/\">Source Link</a>\n\n</div>\n","source":"lsy1606183248679","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>Coinbase Stock Could Sink, Short-Seller Takes Aim</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\">\nCoinbase Stock Could Sink, Short-Seller Takes Aim\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-04-01 22:48 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.tipranks.com/news/article/coinbase-stock-could-sink-short-seller-takes-aim/><strong>TipRanks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Shares of popular cryptocurrency exchange platform Coinbase (COIN) have been under more selling pressure. With the broader tech sell-off and renowned short-seller Jim Chanos taking aim at the company,...</p>\n\n<a href=\"https://www.tipranks.com/news/article/coinbase-stock-could-sink-short-seller-takes-aim/\">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":"https://www.tipranks.com/news/article/coinbase-stock-could-sink-short-seller-takes-aim/","article_id":"1189350738","we_media_id":null,"thumbnails":[],"rights":{"source":"lsy1606183248679","url":"https://www.tipranks.com/news/article/coinbase-stock-could-sink-short-seller-takes-aim/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=1189350738","pubTimestamp":1648824506,"sourceInfo":{"source_id":"lsy1606183248679","name":"TipRanks"},"weMediaInfo":null,"summary":"Shares of popular cryptocurrency exchange platform Coinbase (COIN) have been under more selling pres","collect":0,"end_time":0,"defaultTopTitle":"tipranks.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"COIN":"Coinbase Global, Inc."},"translate_title":"Coinbase股票可能下跌，卖空者瞄准了目标","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"COIN":0.9},"content_text":"Shares of popular cryptocurrency exchange platform Coinbase (COIN) have been under more selling pressure. With the broader tech sell-off and renowned short-seller Jim Chanos taking aim at the company, the perfect storm could be in the works as the stock looks to bottom out and regain its footing.Coinbase stock shed around 58% of its value from peak to trough and is now attempting to move on from its brief plunge just north of $150 per share. Now, it’s never a good idea to be on the receiving end of a short-seller, especially one as famed as Jim Chanos.Although the shorts may be inclined to talk up their book after there’s already a considerable amount of negative momentum behind it, there are potential pitfalls of catching the falling knife that is Coinbase. I am bearish.Jim Chanos Refers to Coinbase as a ‘Bubble Stock‘A few weeks ago, Chanos referred to Coinbase as a “bubble stock.” Indeed, Chanos’ track record speaks for itself. Although Chanos’ alarming statements shouldn’t be taken as gospel, they should cause one to re-evaluate their theses to ensure that the narrative still holds.In prior pieces, I outlined the high risks involved with a name like Coinbase. Although the firm stood out as one of the more intriguing publicly traded ways to play a bet on the crypto markets, the price-to-earnings (P/E) multiple is so depressed for a reason.At 13 times trailing earnings, COIN stock seems like more of a bargain to take advantage of amid the tech-driven sell-off. With a trading frenzy in the rear-view mirror, though, it will be tough to stack up against past quarters now that the risk appetite has plunged.Chanos thinks Coinbase is “overearning” and that increased competition will weigh on the platform’s above-average margins. Just how much fee compression could be in the cards at the hands of rivals? Chanos thinks enough such that the firm “will probably not be profitable this year,”Indeed, I remarked on Coinbase’s loftier fees relative to competitors in past pieces but thought they were somewhat justified, given Coinbase was a more established and trusted presence in the crypto exchange scene.Competition Coming?Relative to the current slate of rivals, I’d argue Coinbase can still justify its loftier fees.That said, Coinbase’s days of being able to command higher fees may be numbered if a trusted behemoth like PayPal (PYPL) were to make a deeper dive into the crypto waters. Given PayPal’s recent embrace of cryptocurrencies, a case could be made that the crypto brokerages could be headed for the same “race to zero” faced by stock brokerages many years ago.In any case, I agree with Chanos in that Coinbase’s road ahead doesn’t look half as bright as the road behind it.Cyclical Nature of BitcoinInterest in cryptocurrencies still seems high, given numerous issues at the macro level. The server-breaking popularity of Coinbase’s Super Bowl advertisement was nothing short of remarkable. With Bitcoin and other cryptocurrencies warming up in the latter half of the first quarter, Coinbase stock may have the stage set for a larger relief rally.However, it is important to note that sentiment in the crypto space can change at the drop of a hat. For that reason, it’s tough to value a company like Coinbase, given how heavily its stock can be influenced by external factors that move the broader basket of cryptocurrencies.Bitcoin’s boom and bust nature is nothing new. The next bust is inevitable, and it could be just as violent as past downturns that saw crypto exchange commercials vanish for many months at a time. If the broader crypto markets were to go bust, it would be nearly impossible for Coinbase to avoid a plunge of similar magnitude.Wall Street’s TakeAccording to TipRanks’ analyst rating consensus, COIN stock comes in as a Moderate Buy. Out of 17 analyst ratings, there are 13 Buy recommendations, two Hold recommendations, and two Sell recommendations.The average Coinbase price target is $304.94, implying 62.7% upside potential. Analyst price targets range from a low of $135 per share to a high of $500 per share.Bottom Line on Coinbase StockCoinbase is coming off an incredible year, and Chanos may be right in that the company is “overearning.” Indeed, the low P/E multiple may already reflect such. Though Coinbase may face an uphill battle this year, it remains impossible to gauge how the crypto markets will fare this year, given the crisis unfolding in Ukraine.Further, I wouldn’t discount Coinbase’s ability to resist the fee pressure as rivals loom.Arguably, it already has. My biggest concern is what happens once big-tech fintech rivals with big crypto ambitions begin to move in.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[{"id":9011466413,"gmtCreate":1648909709921,"gmtModify":1676534420871,"author":{"id":"3575024004895861","authorId":"3575024004895861","name":"Yannick","avatar":"https://static.tigerbbs.com/b8bcd137597d0a92ada6ef564b84dd48","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Thanks&nbsp;","listText":"Thanks&nbsp;","text":"Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9011466413","repostId":1189350738,"repostType":4,"repost":{"id":"1189350738","pubTimestamp":1648824506,"share":"https://www.laohu8.com/m/news/1189350738?lang=&edition=full","pubTime":"2022-04-01 22:48","market":"us","language":"en","title":"Coinbase Stock Could Sink, Short-Seller Takes Aim","url":"https://stock-news.laohu8.com/highlight/detail?id=1189350738","media":"TipRanks","summary":"Shares of popular cryptocurrency exchange platform Coinbase (COIN) have been under more selling pres","content":"<div>\n<p>Shares of popular cryptocurrency exchange platform Coinbase (COIN) have been under more selling pressure. With the broader tech sell-off and renowned short-seller Jim Chanos taking aim at the company,...</p>\n\n<a href=\"https://www.tipranks.com/news/article/coinbase-stock-could-sink-short-seller-takes-aim/\">Web Link</a>\n\n</div>\n","source":"lsy1606183248679","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>Coinbase Stock Could Sink, Short-Seller Takes Aim</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\">\nCoinbase Stock Could Sink, Short-Seller Takes Aim\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-04-01 22:48 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.tipranks.com/news/article/coinbase-stock-could-sink-short-seller-takes-aim/><strong>TipRanks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Shares of popular cryptocurrency exchange platform Coinbase (COIN) have been under more selling pressure. With the broader tech sell-off and renowned short-seller Jim Chanos taking aim at the company,...</p>\n\n<a href=\"https://www.tipranks.com/news/article/coinbase-stock-could-sink-short-seller-takes-aim/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"source_url":"https://www.tipranks.com/news/article/coinbase-stock-could-sink-short-seller-takes-aim/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1189350738","content_text":"Shares of popular cryptocurrency exchange platform Coinbase (COIN) have been under more selling pressure. With the broader tech sell-off and renowned short-seller Jim Chanos taking aim at the company, the perfect storm could be in the works as the stock looks to bottom out and regain its footing.Coinbase stock shed around 58% of its value from peak to trough and is now attempting to move on from its brief plunge just north of $150 per share. Now, it’s never a good idea to be on the receiving end of a short-seller, especially one as famed as Jim Chanos.Although the shorts may be inclined to talk up their book after there’s already a considerable amount of negative momentum behind it, there are potential pitfalls of catching the falling knife that is Coinbase. I am bearish.Jim Chanos Refers to Coinbase as a ‘Bubble Stock‘A few weeks ago, Chanos referred to Coinbase as a “bubble stock.” Indeed, Chanos’ track record speaks for itself. Although Chanos’ alarming statements shouldn’t be taken as gospel, they should cause one to re-evaluate their theses to ensure that the narrative still holds.In prior pieces, I outlined the high risks involved with a name like Coinbase. Although the firm stood out as one of the more intriguing publicly traded ways to play a bet on the crypto markets, the price-to-earnings (P/E) multiple is so depressed for a reason.At 13 times trailing earnings, COIN stock seems like more of a bargain to take advantage of amid the tech-driven sell-off. With a trading frenzy in the rear-view mirror, though, it will be tough to stack up against past quarters now that the risk appetite has plunged.Chanos thinks Coinbase is “overearning” and that increased competition will weigh on the platform’s above-average margins. Just how much fee compression could be in the cards at the hands of rivals? Chanos thinks enough such that the firm “will probably not be profitable this year,”Indeed, I remarked on Coinbase’s loftier fees relative to competitors in past pieces but thought they were somewhat justified, given Coinbase was a more established and trusted presence in the crypto exchange scene.Competition Coming?Relative to the current slate of rivals, I’d argue Coinbase can still justify its loftier fees.That said, Coinbase’s days of being able to command higher fees may be numbered if a trusted behemoth like PayPal (PYPL) were to make a deeper dive into the crypto waters. Given PayPal’s recent embrace of cryptocurrencies, a case could be made that the crypto brokerages could be headed for the same “race to zero” faced by stock brokerages many years ago.In any case, I agree with Chanos in that Coinbase’s road ahead doesn’t look half as bright as the road behind it.Cyclical Nature of BitcoinInterest in cryptocurrencies still seems high, given numerous issues at the macro level. The server-breaking popularity of Coinbase’s Super Bowl advertisement was nothing short of remarkable. With Bitcoin and other cryptocurrencies warming up in the latter half of the first quarter, Coinbase stock may have the stage set for a larger relief rally.However, it is important to note that sentiment in the crypto space can change at the drop of a hat. For that reason, it’s tough to value a company like Coinbase, given how heavily its stock can be influenced by external factors that move the broader basket of cryptocurrencies.Bitcoin’s boom and bust nature is nothing new. The next bust is inevitable, and it could be just as violent as past downturns that saw crypto exchange commercials vanish for many months at a time. If the broader crypto markets were to go bust, it would be nearly impossible for Coinbase to avoid a plunge of similar magnitude.Wall Street’s TakeAccording to TipRanks’ analyst rating consensus, COIN stock comes in as a Moderate Buy. Out of 17 analyst ratings, there are 13 Buy recommendations, two Hold recommendations, and two Sell recommendations.The average Coinbase price target is $304.94, implying 62.7% upside potential. Analyst price targets range from a low of $135 per share to a high of $500 per share.Bottom Line on Coinbase StockCoinbase is coming off an incredible year, and Chanos may be right in that the company is “overearning.” Indeed, the low P/E multiple may already reflect such. Though Coinbase may face an uphill battle this year, it remains impossible to gauge how the crypto markets will fare this year, given the crisis unfolding in Ukraine.Further, I wouldn’t discount Coinbase’s ability to resist the fee pressure as rivals loom.Arguably, it already has. My biggest concern is what happens once big-tech fintech rivals with big crypto ambitions begin to move in.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9011432836,"gmtCreate":1648904183033,"gmtModify":1676534419976,"author":{"id":"4110241041570032","authorId":"4110241041570032","name":"h20","avatar":"https://community-static.tradeup.com/news/d0de0c62fb00f65c0a18afe7f2d9ed17","vip":1,"hat":"https://static.tigerbbs.com/a3dee1aa3a3a3c1814833a4d3f8a5669","crmLevel":2,"crmLevelSwitch":0},"htmlText":"Sell on May and go away ?","listText":"Sell on May and go away ?","text":"Sell on May and go away ?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9011432836","repostId":1189350738,"repostType":4,"repost":{"id":"1189350738","pubTimestamp":1648824506,"share":"https://www.laohu8.com/m/news/1189350738?lang=&edition=full","pubTime":"2022-04-01 22:48","market":"us","language":"en","title":"Coinbase Stock Could Sink, Short-Seller Takes Aim","url":"https://stock-news.laohu8.com/highlight/detail?id=1189350738","media":"TipRanks","summary":"Shares of popular cryptocurrency exchange platform Coinbase (COIN) have been under more selling pres","content":"<div>\n<p>Shares of popular cryptocurrency exchange platform Coinbase (COIN) have been under more selling pressure. With the broader tech sell-off and renowned short-seller Jim Chanos taking aim at the company,...</p>\n\n<a href=\"https://www.tipranks.com/news/article/coinbase-stock-could-sink-short-seller-takes-aim/\">Web Link</a>\n\n</div>\n","source":"lsy1606183248679","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>Coinbase Stock Could Sink, Short-Seller Takes Aim</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\">\nCoinbase Stock Could Sink, Short-Seller Takes Aim\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-04-01 22:48 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.tipranks.com/news/article/coinbase-stock-could-sink-short-seller-takes-aim/><strong>TipRanks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Shares of popular cryptocurrency exchange platform Coinbase (COIN) have been under more selling pressure. With the broader tech sell-off and renowned short-seller Jim Chanos taking aim at the company,...</p>\n\n<a href=\"https://www.tipranks.com/news/article/coinbase-stock-could-sink-short-seller-takes-aim/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"source_url":"https://www.tipranks.com/news/article/coinbase-stock-could-sink-short-seller-takes-aim/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1189350738","content_text":"Shares of popular cryptocurrency exchange platform Coinbase (COIN) have been under more selling pressure. With the broader tech sell-off and renowned short-seller Jim Chanos taking aim at the company, the perfect storm could be in the works as the stock looks to bottom out and regain its footing.Coinbase stock shed around 58% of its value from peak to trough and is now attempting to move on from its brief plunge just north of $150 per share. Now, it’s never a good idea to be on the receiving end of a short-seller, especially one as famed as Jim Chanos.Although the shorts may be inclined to talk up their book after there’s already a considerable amount of negative momentum behind it, there are potential pitfalls of catching the falling knife that is Coinbase. I am bearish.Jim Chanos Refers to Coinbase as a ‘Bubble Stock‘A few weeks ago, Chanos referred to Coinbase as a “bubble stock.” Indeed, Chanos’ track record speaks for itself. Although Chanos’ alarming statements shouldn’t be taken as gospel, they should cause one to re-evaluate their theses to ensure that the narrative still holds.In prior pieces, I outlined the high risks involved with a name like Coinbase. Although the firm stood out as one of the more intriguing publicly traded ways to play a bet on the crypto markets, the price-to-earnings (P/E) multiple is so depressed for a reason.At 13 times trailing earnings, COIN stock seems like more of a bargain to take advantage of amid the tech-driven sell-off. With a trading frenzy in the rear-view mirror, though, it will be tough to stack up against past quarters now that the risk appetite has plunged.Chanos thinks Coinbase is “overearning” and that increased competition will weigh on the platform’s above-average margins. Just how much fee compression could be in the cards at the hands of rivals? Chanos thinks enough such that the firm “will probably not be profitable this year,”Indeed, I remarked on Coinbase’s loftier fees relative to competitors in past pieces but thought they were somewhat justified, given Coinbase was a more established and trusted presence in the crypto exchange scene.Competition Coming?Relative to the current slate of rivals, I’d argue Coinbase can still justify its loftier fees.That said, Coinbase’s days of being able to command higher fees may be numbered if a trusted behemoth like PayPal (PYPL) were to make a deeper dive into the crypto waters. Given PayPal’s recent embrace of cryptocurrencies, a case could be made that the crypto brokerages could be headed for the same “race to zero” faced by stock brokerages many years ago.In any case, I agree with Chanos in that Coinbase’s road ahead doesn’t look half as bright as the road behind it.Cyclical Nature of BitcoinInterest in cryptocurrencies still seems high, given numerous issues at the macro level. The server-breaking popularity of Coinbase’s Super Bowl advertisement was nothing short of remarkable. With Bitcoin and other cryptocurrencies warming up in the latter half of the first quarter, Coinbase stock may have the stage set for a larger relief rally.However, it is important to note that sentiment in the crypto space can change at the drop of a hat. For that reason, it’s tough to value a company like Coinbase, given how heavily its stock can be influenced by external factors that move the broader basket of cryptocurrencies.Bitcoin’s boom and bust nature is nothing new. The next bust is inevitable, and it could be just as violent as past downturns that saw crypto exchange commercials vanish for many months at a time. If the broader crypto markets were to go bust, it would be nearly impossible for Coinbase to avoid a plunge of similar magnitude.Wall Street’s TakeAccording to TipRanks’ analyst rating consensus, COIN stock comes in as a Moderate Buy. Out of 17 analyst ratings, there are 13 Buy recommendations, two Hold recommendations, and two Sell recommendations.The average Coinbase price target is $304.94, implying 62.7% upside potential. Analyst price targets range from a low of $135 per share to a high of $500 per share.Bottom Line on Coinbase StockCoinbase is coming off an incredible year, and Chanos may be right in that the company is “overearning.” Indeed, the low P/E multiple may already reflect such. Though Coinbase may face an uphill battle this year, it remains impossible to gauge how the crypto markets will fare this year, given the crisis unfolding in Ukraine.Further, I wouldn’t discount Coinbase’s ability to resist the fee pressure as rivals loom.Arguably, it already has. My biggest concern is what happens once big-tech fintech rivals with big crypto ambitions begin to move in.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9011526980,"gmtCreate":1648887254159,"gmtModify":1676534418367,"author":{"id":"3555214777256239","authorId":"3555214777256239","name":"nananan","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":4,"crmLevelSwitch":0},"htmlText":"Famed...for shorting TSLA?","listText":"Famed...for shorting TSLA?","text":"Famed...for shorting TSLA?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9011526980","repostId":1189350738,"repostType":4,"repost":{"id":"1189350738","pubTimestamp":1648824506,"share":"https://www.laohu8.com/m/news/1189350738?lang=&edition=full","pubTime":"2022-04-01 22:48","market":"us","language":"en","title":"Coinbase Stock Could Sink, Short-Seller Takes Aim","url":"https://stock-news.laohu8.com/highlight/detail?id=1189350738","media":"TipRanks","summary":"Shares of popular cryptocurrency exchange platform Coinbase (COIN) have been under more selling pres","content":"<div>\n<p>Shares of popular cryptocurrency exchange platform Coinbase (COIN) have been under more selling pressure. With the broader tech sell-off and renowned short-seller Jim Chanos taking aim at the company,...</p>\n\n<a href=\"https://www.tipranks.com/news/article/coinbase-stock-could-sink-short-seller-takes-aim/\">Web Link</a>\n\n</div>\n","source":"lsy1606183248679","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>Coinbase Stock Could Sink, Short-Seller Takes Aim</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\">\nCoinbase Stock Could Sink, Short-Seller Takes Aim\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-04-01 22:48 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.tipranks.com/news/article/coinbase-stock-could-sink-short-seller-takes-aim/><strong>TipRanks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Shares of popular cryptocurrency exchange platform Coinbase (COIN) have been under more selling pressure. With the broader tech sell-off and renowned short-seller Jim Chanos taking aim at the company,...</p>\n\n<a href=\"https://www.tipranks.com/news/article/coinbase-stock-could-sink-short-seller-takes-aim/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"source_url":"https://www.tipranks.com/news/article/coinbase-stock-could-sink-short-seller-takes-aim/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1189350738","content_text":"Shares of popular cryptocurrency exchange platform Coinbase (COIN) have been under more selling pressure. With the broader tech sell-off and renowned short-seller Jim Chanos taking aim at the company, the perfect storm could be in the works as the stock looks to bottom out and regain its footing.Coinbase stock shed around 58% of its value from peak to trough and is now attempting to move on from its brief plunge just north of $150 per share. Now, it’s never a good idea to be on the receiving end of a short-seller, especially one as famed as Jim Chanos.Although the shorts may be inclined to talk up their book after there’s already a considerable amount of negative momentum behind it, there are potential pitfalls of catching the falling knife that is Coinbase. I am bearish.Jim Chanos Refers to Coinbase as a ‘Bubble Stock‘A few weeks ago, Chanos referred to Coinbase as a “bubble stock.” Indeed, Chanos’ track record speaks for itself. Although Chanos’ alarming statements shouldn’t be taken as gospel, they should cause one to re-evaluate their theses to ensure that the narrative still holds.In prior pieces, I outlined the high risks involved with a name like Coinbase. Although the firm stood out as one of the more intriguing publicly traded ways to play a bet on the crypto markets, the price-to-earnings (P/E) multiple is so depressed for a reason.At 13 times trailing earnings, COIN stock seems like more of a bargain to take advantage of amid the tech-driven sell-off. With a trading frenzy in the rear-view mirror, though, it will be tough to stack up against past quarters now that the risk appetite has plunged.Chanos thinks Coinbase is “overearning” and that increased competition will weigh on the platform’s above-average margins. Just how much fee compression could be in the cards at the hands of rivals? Chanos thinks enough such that the firm “will probably not be profitable this year,”Indeed, I remarked on Coinbase’s loftier fees relative to competitors in past pieces but thought they were somewhat justified, given Coinbase was a more established and trusted presence in the crypto exchange scene.Competition Coming?Relative to the current slate of rivals, I’d argue Coinbase can still justify its loftier fees.That said, Coinbase’s days of being able to command higher fees may be numbered if a trusted behemoth like PayPal (PYPL) were to make a deeper dive into the crypto waters. Given PayPal’s recent embrace of cryptocurrencies, a case could be made that the crypto brokerages could be headed for the same “race to zero” faced by stock brokerages many years ago.In any case, I agree with Chanos in that Coinbase’s road ahead doesn’t look half as bright as the road behind it.Cyclical Nature of BitcoinInterest in cryptocurrencies still seems high, given numerous issues at the macro level. The server-breaking popularity of Coinbase’s Super Bowl advertisement was nothing short of remarkable. With Bitcoin and other cryptocurrencies warming up in the latter half of the first quarter, Coinbase stock may have the stage set for a larger relief rally.However, it is important to note that sentiment in the crypto space can change at the drop of a hat. For that reason, it’s tough to value a company like Coinbase, given how heavily its stock can be influenced by external factors that move the broader basket of cryptocurrencies.Bitcoin’s boom and bust nature is nothing new. The next bust is inevitable, and it could be just as violent as past downturns that saw crypto exchange commercials vanish for many months at a time. If the broader crypto markets were to go bust, it would be nearly impossible for Coinbase to avoid a plunge of similar magnitude.Wall Street’s TakeAccording to TipRanks’ analyst rating consensus, COIN stock comes in as a Moderate Buy. Out of 17 analyst ratings, there are 13 Buy recommendations, two Hold recommendations, and two Sell recommendations.The average Coinbase price target is $304.94, implying 62.7% upside potential. Analyst price targets range from a low of $135 per share to a high of $500 per share.Bottom Line on Coinbase StockCoinbase is coming off an incredible year, and Chanos may be right in that the company is “overearning.” Indeed, the low P/E multiple may already reflect such. Though Coinbase may face an uphill battle this year, it remains impossible to gauge how the crypto markets will fare this year, given the crisis unfolding in Ukraine.Further, I wouldn’t discount Coinbase’s ability to resist the fee pressure as rivals loom.Arguably, it already has. My biggest concern is what happens once big-tech fintech rivals with big crypto ambitions begin to move in.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9011234454,"gmtCreate":1648867605423,"gmtModify":1676534414740,"author":{"id":"3555125277027762","authorId":"3555125277027762","name":"Tee","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":5,"crmLevelSwitch":0},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9011234454","repostId":1189350738,"repostType":4,"repost":{"id":"1189350738","pubTimestamp":1648824506,"share":"https://www.laohu8.com/m/news/1189350738?lang=&edition=full","pubTime":"2022-04-01 22:48","market":"us","language":"en","title":"Coinbase Stock Could Sink, Short-Seller Takes Aim","url":"https://stock-news.laohu8.com/highlight/detail?id=1189350738","media":"TipRanks","summary":"Shares of popular cryptocurrency exchange platform Coinbase (COIN) have been under more selling pres","content":"<div>\n<p>Shares of popular cryptocurrency exchange platform Coinbase (COIN) have been under more selling pressure. With the broader tech sell-off and renowned short-seller Jim Chanos taking aim at the company,...</p>\n\n<a href=\"https://www.tipranks.com/news/article/coinbase-stock-could-sink-short-seller-takes-aim/\">Web Link</a>\n\n</div>\n","source":"lsy1606183248679","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>Coinbase Stock Could Sink, Short-Seller Takes Aim</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\">\nCoinbase Stock Could Sink, Short-Seller Takes Aim\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-04-01 22:48 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.tipranks.com/news/article/coinbase-stock-could-sink-short-seller-takes-aim/><strong>TipRanks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Shares of popular cryptocurrency exchange platform Coinbase (COIN) have been under more selling pressure. With the broader tech sell-off and renowned short-seller Jim Chanos taking aim at the company,...</p>\n\n<a href=\"https://www.tipranks.com/news/article/coinbase-stock-could-sink-short-seller-takes-aim/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"source_url":"https://www.tipranks.com/news/article/coinbase-stock-could-sink-short-seller-takes-aim/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1189350738","content_text":"Shares of popular cryptocurrency exchange platform Coinbase (COIN) have been under more selling pressure. With the broader tech sell-off and renowned short-seller Jim Chanos taking aim at the company, the perfect storm could be in the works as the stock looks to bottom out and regain its footing.Coinbase stock shed around 58% of its value from peak to trough and is now attempting to move on from its brief plunge just north of $150 per share. Now, it’s never a good idea to be on the receiving end of a short-seller, especially one as famed as Jim Chanos.Although the shorts may be inclined to talk up their book after there’s already a considerable amount of negative momentum behind it, there are potential pitfalls of catching the falling knife that is Coinbase. I am bearish.Jim Chanos Refers to Coinbase as a ‘Bubble Stock‘A few weeks ago, Chanos referred to Coinbase as a “bubble stock.” Indeed, Chanos’ track record speaks for itself. Although Chanos’ alarming statements shouldn’t be taken as gospel, they should cause one to re-evaluate their theses to ensure that the narrative still holds.In prior pieces, I outlined the high risks involved with a name like Coinbase. Although the firm stood out as one of the more intriguing publicly traded ways to play a bet on the crypto markets, the price-to-earnings (P/E) multiple is so depressed for a reason.At 13 times trailing earnings, COIN stock seems like more of a bargain to take advantage of amid the tech-driven sell-off. With a trading frenzy in the rear-view mirror, though, it will be tough to stack up against past quarters now that the risk appetite has plunged.Chanos thinks Coinbase is “overearning” and that increased competition will weigh on the platform’s above-average margins. Just how much fee compression could be in the cards at the hands of rivals? Chanos thinks enough such that the firm “will probably not be profitable this year,”Indeed, I remarked on Coinbase’s loftier fees relative to competitors in past pieces but thought they were somewhat justified, given Coinbase was a more established and trusted presence in the crypto exchange scene.Competition Coming?Relative to the current slate of rivals, I’d argue Coinbase can still justify its loftier fees.That said, Coinbase’s days of being able to command higher fees may be numbered if a trusted behemoth like PayPal (PYPL) were to make a deeper dive into the crypto waters. Given PayPal’s recent embrace of cryptocurrencies, a case could be made that the crypto brokerages could be headed for the same “race to zero” faced by stock brokerages many years ago.In any case, I agree with Chanos in that Coinbase’s road ahead doesn’t look half as bright as the road behind it.Cyclical Nature of BitcoinInterest in cryptocurrencies still seems high, given numerous issues at the macro level. The server-breaking popularity of Coinbase’s Super Bowl advertisement was nothing short of remarkable. With Bitcoin and other cryptocurrencies warming up in the latter half of the first quarter, Coinbase stock may have the stage set for a larger relief rally.However, it is important to note that sentiment in the crypto space can change at the drop of a hat. For that reason, it’s tough to value a company like Coinbase, given how heavily its stock can be influenced by external factors that move the broader basket of cryptocurrencies.Bitcoin’s boom and bust nature is nothing new. The next bust is inevitable, and it could be just as violent as past downturns that saw crypto exchange commercials vanish for many months at a time. If the broader crypto markets were to go bust, it would be nearly impossible for Coinbase to avoid a plunge of similar magnitude.Wall Street’s TakeAccording to TipRanks’ analyst rating consensus, COIN stock comes in as a Moderate Buy. Out of 17 analyst ratings, there are 13 Buy recommendations, two Hold recommendations, and two Sell recommendations.The average Coinbase price target is $304.94, implying 62.7% upside potential. Analyst price targets range from a low of $135 per share to a high of $500 per share.Bottom Line on Coinbase StockCoinbase is coming off an incredible year, and Chanos may be right in that the company is “overearning.” Indeed, the low P/E multiple may already reflect such. Though Coinbase may face an uphill battle this year, it remains impossible to gauge how the crypto markets will fare this year, given the crisis unfolding in Ukraine.Further, I wouldn’t discount Coinbase’s ability to resist the fee pressure as rivals loom.Arguably, it already has. My biggest concern is what happens once big-tech fintech rivals with big crypto ambitions begin to move in.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9011660350,"gmtCreate":1648861881281,"gmtModify":1676534412547,"author":{"id":"3579998898288031","authorId":"3579998898288031","name":"MamaLee","avatar":"https://static.tigerbbs.com/3b65143242ad70cd231ddce7436fdb25","vip":1,"hat":"https://static.tigerbbs.com/a3dee1aa3a3a3c1814833a4d3f8a5669","crmLevel":4,"crmLevelSwitch":1},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9011660350","repostId":1189350738,"repostType":4,"repost":{"id":"1189350738","pubTimestamp":1648824506,"share":"https://www.laohu8.com/m/news/1189350738?lang=&edition=full","pubTime":"2022-04-01 22:48","market":"us","language":"en","title":"Coinbase Stock Could Sink, Short-Seller Takes Aim","url":"https://stock-news.laohu8.com/highlight/detail?id=1189350738","media":"TipRanks","summary":"Shares of popular cryptocurrency exchange platform Coinbase (COIN) have been under more selling pres","content":"<div>\n<p>Shares of popular cryptocurrency exchange platform Coinbase (COIN) have been under more selling pressure. With the broader tech sell-off and renowned short-seller Jim Chanos taking aim at the company,...</p>\n\n<a href=\"https://www.tipranks.com/news/article/coinbase-stock-could-sink-short-seller-takes-aim/\">Web Link</a>\n\n</div>\n","source":"lsy1606183248679","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>Coinbase Stock Could Sink, Short-Seller Takes Aim</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\">\nCoinbase Stock Could Sink, Short-Seller Takes Aim\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-04-01 22:48 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.tipranks.com/news/article/coinbase-stock-could-sink-short-seller-takes-aim/><strong>TipRanks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Shares of popular cryptocurrency exchange platform Coinbase (COIN) have been under more selling pressure. With the broader tech sell-off and renowned short-seller Jim Chanos taking aim at the company,...</p>\n\n<a href=\"https://www.tipranks.com/news/article/coinbase-stock-could-sink-short-seller-takes-aim/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"source_url":"https://www.tipranks.com/news/article/coinbase-stock-could-sink-short-seller-takes-aim/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1189350738","content_text":"Shares of popular cryptocurrency exchange platform Coinbase (COIN) have been under more selling pressure. With the broader tech sell-off and renowned short-seller Jim Chanos taking aim at the company, the perfect storm could be in the works as the stock looks to bottom out and regain its footing.Coinbase stock shed around 58% of its value from peak to trough and is now attempting to move on from its brief plunge just north of $150 per share. Now, it’s never a good idea to be on the receiving end of a short-seller, especially one as famed as Jim Chanos.Although the shorts may be inclined to talk up their book after there’s already a considerable amount of negative momentum behind it, there are potential pitfalls of catching the falling knife that is Coinbase. I am bearish.Jim Chanos Refers to Coinbase as a ‘Bubble Stock‘A few weeks ago, Chanos referred to Coinbase as a “bubble stock.” Indeed, Chanos’ track record speaks for itself. Although Chanos’ alarming statements shouldn’t be taken as gospel, they should cause one to re-evaluate their theses to ensure that the narrative still holds.In prior pieces, I outlined the high risks involved with a name like Coinbase. Although the firm stood out as one of the more intriguing publicly traded ways to play a bet on the crypto markets, the price-to-earnings (P/E) multiple is so depressed for a reason.At 13 times trailing earnings, COIN stock seems like more of a bargain to take advantage of amid the tech-driven sell-off. With a trading frenzy in the rear-view mirror, though, it will be tough to stack up against past quarters now that the risk appetite has plunged.Chanos thinks Coinbase is “overearning” and that increased competition will weigh on the platform’s above-average margins. Just how much fee compression could be in the cards at the hands of rivals? Chanos thinks enough such that the firm “will probably not be profitable this year,”Indeed, I remarked on Coinbase’s loftier fees relative to competitors in past pieces but thought they were somewhat justified, given Coinbase was a more established and trusted presence in the crypto exchange scene.Competition Coming?Relative to the current slate of rivals, I’d argue Coinbase can still justify its loftier fees.That said, Coinbase’s days of being able to command higher fees may be numbered if a trusted behemoth like PayPal (PYPL) were to make a deeper dive into the crypto waters. Given PayPal’s recent embrace of cryptocurrencies, a case could be made that the crypto brokerages could be headed for the same “race to zero” faced by stock brokerages many years ago.In any case, I agree with Chanos in that Coinbase’s road ahead doesn’t look half as bright as the road behind it.Cyclical Nature of BitcoinInterest in cryptocurrencies still seems high, given numerous issues at the macro level. The server-breaking popularity of Coinbase’s Super Bowl advertisement was nothing short of remarkable. With Bitcoin and other cryptocurrencies warming up in the latter half of the first quarter, Coinbase stock may have the stage set for a larger relief rally.However, it is important to note that sentiment in the crypto space can change at the drop of a hat. For that reason, it’s tough to value a company like Coinbase, given how heavily its stock can be influenced by external factors that move the broader basket of cryptocurrencies.Bitcoin’s boom and bust nature is nothing new. The next bust is inevitable, and it could be just as violent as past downturns that saw crypto exchange commercials vanish for many months at a time. If the broader crypto markets were to go bust, it would be nearly impossible for Coinbase to avoid a plunge of similar magnitude.Wall Street’s TakeAccording to TipRanks’ analyst rating consensus, COIN stock comes in as a Moderate Buy. Out of 17 analyst ratings, there are 13 Buy recommendations, two Hold recommendations, and two Sell recommendations.The average Coinbase price target is $304.94, implying 62.7% upside potential. Analyst price targets range from a low of $135 per share to a high of $500 per share.Bottom Line on Coinbase StockCoinbase is coming off an incredible year, and Chanos may be right in that the company is “overearning.” Indeed, the low P/E multiple may already reflect such. Though Coinbase may face an uphill battle this year, it remains impossible to gauge how the crypto markets will fare this year, given the crisis unfolding in Ukraine.Further, I wouldn’t discount Coinbase’s ability to resist the fee pressure as rivals loom.Arguably, it already has. My biggest concern is what happens once big-tech fintech rivals with big crypto ambitions begin to move in.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9011686106,"gmtCreate":1648861613123,"gmtModify":1676534412429,"author":{"id":"3582922989777578","authorId":"3582922989777578","name":"SPOT_ON","avatar":"https://static.tigerbbs.com/080f029371339d9db26930961de6adb1","vip":1,"hat":"https://static.tigerbbs.com/a3dee1aa3a3a3c1814833a4d3f8a5669","crmLevel":4,"crmLevelSwitch":1},"htmlText":"Noted","listText":"Noted","text":"Noted","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9011686106","repostId":1189350738,"repostType":4,"repost":{"id":"1189350738","pubTimestamp":1648824506,"share":"https://www.laohu8.com/m/news/1189350738?lang=&edition=full","pubTime":"2022-04-01 22:48","market":"us","language":"en","title":"Coinbase Stock Could Sink, Short-Seller Takes Aim","url":"https://stock-news.laohu8.com/highlight/detail?id=1189350738","media":"TipRanks","summary":"Shares of popular cryptocurrency exchange platform Coinbase (COIN) have been under more selling pres","content":"<div>\n<p>Shares of popular cryptocurrency exchange platform Coinbase (COIN) have been under more selling pressure. With the broader tech sell-off and renowned short-seller Jim Chanos taking aim at the company,...</p>\n\n<a href=\"https://www.tipranks.com/news/article/coinbase-stock-could-sink-short-seller-takes-aim/\">Web Link</a>\n\n</div>\n","source":"lsy1606183248679","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>Coinbase Stock Could Sink, Short-Seller Takes Aim</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\">\nCoinbase Stock Could Sink, Short-Seller Takes Aim\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-04-01 22:48 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.tipranks.com/news/article/coinbase-stock-could-sink-short-seller-takes-aim/><strong>TipRanks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Shares of popular cryptocurrency exchange platform Coinbase (COIN) have been under more selling pressure. With the broader tech sell-off and renowned short-seller Jim Chanos taking aim at the company,...</p>\n\n<a href=\"https://www.tipranks.com/news/article/coinbase-stock-could-sink-short-seller-takes-aim/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"source_url":"https://www.tipranks.com/news/article/coinbase-stock-could-sink-short-seller-takes-aim/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1189350738","content_text":"Shares of popular cryptocurrency exchange platform Coinbase (COIN) have been under more selling pressure. With the broader tech sell-off and renowned short-seller Jim Chanos taking aim at the company, the perfect storm could be in the works as the stock looks to bottom out and regain its footing.Coinbase stock shed around 58% of its value from peak to trough and is now attempting to move on from its brief plunge just north of $150 per share. Now, it’s never a good idea to be on the receiving end of a short-seller, especially one as famed as Jim Chanos.Although the shorts may be inclined to talk up their book after there’s already a considerable amount of negative momentum behind it, there are potential pitfalls of catching the falling knife that is Coinbase. I am bearish.Jim Chanos Refers to Coinbase as a ‘Bubble Stock‘A few weeks ago, Chanos referred to Coinbase as a “bubble stock.” Indeed, Chanos’ track record speaks for itself. Although Chanos’ alarming statements shouldn’t be taken as gospel, they should cause one to re-evaluate their theses to ensure that the narrative still holds.In prior pieces, I outlined the high risks involved with a name like Coinbase. Although the firm stood out as one of the more intriguing publicly traded ways to play a bet on the crypto markets, the price-to-earnings (P/E) multiple is so depressed for a reason.At 13 times trailing earnings, COIN stock seems like more of a bargain to take advantage of amid the tech-driven sell-off. With a trading frenzy in the rear-view mirror, though, it will be tough to stack up against past quarters now that the risk appetite has plunged.Chanos thinks Coinbase is “overearning” and that increased competition will weigh on the platform’s above-average margins. Just how much fee compression could be in the cards at the hands of rivals? Chanos thinks enough such that the firm “will probably not be profitable this year,”Indeed, I remarked on Coinbase’s loftier fees relative to competitors in past pieces but thought they were somewhat justified, given Coinbase was a more established and trusted presence in the crypto exchange scene.Competition Coming?Relative to the current slate of rivals, I’d argue Coinbase can still justify its loftier fees.That said, Coinbase’s days of being able to command higher fees may be numbered if a trusted behemoth like PayPal (PYPL) were to make a deeper dive into the crypto waters. Given PayPal’s recent embrace of cryptocurrencies, a case could be made that the crypto brokerages could be headed for the same “race to zero” faced by stock brokerages many years ago.In any case, I agree with Chanos in that Coinbase’s road ahead doesn’t look half as bright as the road behind it.Cyclical Nature of BitcoinInterest in cryptocurrencies still seems high, given numerous issues at the macro level. The server-breaking popularity of Coinbase’s Super Bowl advertisement was nothing short of remarkable. With Bitcoin and other cryptocurrencies warming up in the latter half of the first quarter, Coinbase stock may have the stage set for a larger relief rally.However, it is important to note that sentiment in the crypto space can change at the drop of a hat. For that reason, it’s tough to value a company like Coinbase, given how heavily its stock can be influenced by external factors that move the broader basket of cryptocurrencies.Bitcoin’s boom and bust nature is nothing new. The next bust is inevitable, and it could be just as violent as past downturns that saw crypto exchange commercials vanish for many months at a time. If the broader crypto markets were to go bust, it would be nearly impossible for Coinbase to avoid a plunge of similar magnitude.Wall Street’s TakeAccording to TipRanks’ analyst rating consensus, COIN stock comes in as a Moderate Buy. Out of 17 analyst ratings, there are 13 Buy recommendations, two Hold recommendations, and two Sell recommendations.The average Coinbase price target is $304.94, implying 62.7% upside potential. Analyst price targets range from a low of $135 per share to a high of $500 per share.Bottom Line on Coinbase StockCoinbase is coming off an incredible year, and Chanos may be right in that the company is “overearning.” Indeed, the low P/E multiple may already reflect such. Though Coinbase may face an uphill battle this year, it remains impossible to gauge how the crypto markets will fare this year, given the crisis unfolding in Ukraine.Further, I wouldn’t discount Coinbase’s ability to resist the fee pressure as rivals loom.Arguably, it already has. My biggest concern is what happens once big-tech fintech rivals with big crypto ambitions begin to move in.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9011693517,"gmtCreate":1648859724750,"gmtModify":1676534411504,"author":{"id":"3575873871496945","authorId":"3575873871496945","name":"Aloynty","avatar":"https://community-static.tradeup.com/news/8bc156c78f1b8fc5d20a5b2da3a5b6aa","vip":1,"crmLevel":7,"crmLevelSwitch":1},"htmlText":"And like crypto, it will bounce. In for a volatile ride","listText":"And like crypto, it will bounce. In for a volatile ride","text":"And like crypto, it will bounce. In for a volatile ride","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9011693517","repostId":1189350738,"repostType":4,"repost":{"id":"1189350738","pubTimestamp":1648824506,"share":"https://www.laohu8.com/m/news/1189350738?lang=&edition=full","pubTime":"2022-04-01 22:48","market":"us","language":"en","title":"Coinbase Stock Could Sink, Short-Seller Takes Aim","url":"https://stock-news.laohu8.com/highlight/detail?id=1189350738","media":"TipRanks","summary":"Shares of popular cryptocurrency exchange platform Coinbase (COIN) have been under more selling pres","content":"<div>\n<p>Shares of popular cryptocurrency exchange platform Coinbase (COIN) have been under more selling pressure. With the broader tech sell-off and renowned short-seller Jim Chanos taking aim at the company,...</p>\n\n<a href=\"https://www.tipranks.com/news/article/coinbase-stock-could-sink-short-seller-takes-aim/\">Web Link</a>\n\n</div>\n","source":"lsy1606183248679","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>Coinbase Stock Could Sink, Short-Seller Takes Aim</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\">\nCoinbase Stock Could Sink, Short-Seller Takes Aim\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-04-01 22:48 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.tipranks.com/news/article/coinbase-stock-could-sink-short-seller-takes-aim/><strong>TipRanks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Shares of popular cryptocurrency exchange platform Coinbase (COIN) have been under more selling pressure. With the broader tech sell-off and renowned short-seller Jim Chanos taking aim at the company,...</p>\n\n<a href=\"https://www.tipranks.com/news/article/coinbase-stock-could-sink-short-seller-takes-aim/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"source_url":"https://www.tipranks.com/news/article/coinbase-stock-could-sink-short-seller-takes-aim/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1189350738","content_text":"Shares of popular cryptocurrency exchange platform Coinbase (COIN) have been under more selling pressure. With the broader tech sell-off and renowned short-seller Jim Chanos taking aim at the company, the perfect storm could be in the works as the stock looks to bottom out and regain its footing.Coinbase stock shed around 58% of its value from peak to trough and is now attempting to move on from its brief plunge just north of $150 per share. Now, it’s never a good idea to be on the receiving end of a short-seller, especially one as famed as Jim Chanos.Although the shorts may be inclined to talk up their book after there’s already a considerable amount of negative momentum behind it, there are potential pitfalls of catching the falling knife that is Coinbase. I am bearish.Jim Chanos Refers to Coinbase as a ‘Bubble Stock‘A few weeks ago, Chanos referred to Coinbase as a “bubble stock.” Indeed, Chanos’ track record speaks for itself. Although Chanos’ alarming statements shouldn’t be taken as gospel, they should cause one to re-evaluate their theses to ensure that the narrative still holds.In prior pieces, I outlined the high risks involved with a name like Coinbase. Although the firm stood out as one of the more intriguing publicly traded ways to play a bet on the crypto markets, the price-to-earnings (P/E) multiple is so depressed for a reason.At 13 times trailing earnings, COIN stock seems like more of a bargain to take advantage of amid the tech-driven sell-off. With a trading frenzy in the rear-view mirror, though, it will be tough to stack up against past quarters now that the risk appetite has plunged.Chanos thinks Coinbase is “overearning” and that increased competition will weigh on the platform’s above-average margins. Just how much fee compression could be in the cards at the hands of rivals? Chanos thinks enough such that the firm “will probably not be profitable this year,”Indeed, I remarked on Coinbase’s loftier fees relative to competitors in past pieces but thought they were somewhat justified, given Coinbase was a more established and trusted presence in the crypto exchange scene.Competition Coming?Relative to the current slate of rivals, I’d argue Coinbase can still justify its loftier fees.That said, Coinbase’s days of being able to command higher fees may be numbered if a trusted behemoth like PayPal (PYPL) were to make a deeper dive into the crypto waters. Given PayPal’s recent embrace of cryptocurrencies, a case could be made that the crypto brokerages could be headed for the same “race to zero” faced by stock brokerages many years ago.In any case, I agree with Chanos in that Coinbase’s road ahead doesn’t look half as bright as the road behind it.Cyclical Nature of BitcoinInterest in cryptocurrencies still seems high, given numerous issues at the macro level. The server-breaking popularity of Coinbase’s Super Bowl advertisement was nothing short of remarkable. With Bitcoin and other cryptocurrencies warming up in the latter half of the first quarter, Coinbase stock may have the stage set for a larger relief rally.However, it is important to note that sentiment in the crypto space can change at the drop of a hat. For that reason, it’s tough to value a company like Coinbase, given how heavily its stock can be influenced by external factors that move the broader basket of cryptocurrencies.Bitcoin’s boom and bust nature is nothing new. The next bust is inevitable, and it could be just as violent as past downturns that saw crypto exchange commercials vanish for many months at a time. If the broader crypto markets were to go bust, it would be nearly impossible for Coinbase to avoid a plunge of similar magnitude.Wall Street’s TakeAccording to TipRanks’ analyst rating consensus, COIN stock comes in as a Moderate Buy. Out of 17 analyst ratings, there are 13 Buy recommendations, two Hold recommendations, and two Sell recommendations.The average Coinbase price target is $304.94, implying 62.7% upside potential. Analyst price targets range from a low of $135 per share to a high of $500 per share.Bottom Line on Coinbase StockCoinbase is coming off an incredible year, and Chanos may be right in that the company is “overearning.” Indeed, the low P/E multiple may already reflect such. Though Coinbase may face an uphill battle this year, it remains impossible to gauge how the crypto markets will fare this year, given the crisis unfolding in Ukraine.Further, I wouldn’t discount Coinbase’s ability to resist the fee pressure as rivals loom.Arguably, it already has. My biggest concern is what happens once big-tech fintech rivals with big crypto ambitions begin to move in.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9011824130,"gmtCreate":1648856900066,"gmtModify":1676534410148,"author":{"id":"4102837759709900","authorId":"4102837759709900","name":"Mindthink","avatar":"https://community-static.tradeup.com/news/89b965229f7209196369426d161728ee","vip":1,"crmLevel":2,"crmLevelSwitch":1},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9011824130","repostId":1189350738,"repostType":4,"repost":{"id":"1189350738","pubTimestamp":1648824506,"share":"https://www.laohu8.com/m/news/1189350738?lang=&edition=full","pubTime":"2022-04-01 22:48","market":"us","language":"en","title":"Coinbase Stock Could Sink, Short-Seller Takes Aim","url":"https://stock-news.laohu8.com/highlight/detail?id=1189350738","media":"TipRanks","summary":"Shares of popular cryptocurrency exchange platform Coinbase (COIN) have been under more selling pres","content":"<div>\n<p>Shares of popular cryptocurrency exchange platform Coinbase (COIN) have been under more selling pressure. With the broader tech sell-off and renowned short-seller Jim Chanos taking aim at the company,...</p>\n\n<a href=\"https://www.tipranks.com/news/article/coinbase-stock-could-sink-short-seller-takes-aim/\">Web Link</a>\n\n</div>\n","source":"lsy1606183248679","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>Coinbase Stock Could Sink, Short-Seller Takes Aim</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\">\nCoinbase Stock Could Sink, Short-Seller Takes Aim\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-04-01 22:48 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.tipranks.com/news/article/coinbase-stock-could-sink-short-seller-takes-aim/><strong>TipRanks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Shares of popular cryptocurrency exchange platform Coinbase (COIN) have been under more selling pressure. With the broader tech sell-off and renowned short-seller Jim Chanos taking aim at the company,...</p>\n\n<a href=\"https://www.tipranks.com/news/article/coinbase-stock-could-sink-short-seller-takes-aim/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"source_url":"https://www.tipranks.com/news/article/coinbase-stock-could-sink-short-seller-takes-aim/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1189350738","content_text":"Shares of popular cryptocurrency exchange platform Coinbase (COIN) have been under more selling pressure. With the broader tech sell-off and renowned short-seller Jim Chanos taking aim at the company, the perfect storm could be in the works as the stock looks to bottom out and regain its footing.Coinbase stock shed around 58% of its value from peak to trough and is now attempting to move on from its brief plunge just north of $150 per share. Now, it’s never a good idea to be on the receiving end of a short-seller, especially one as famed as Jim Chanos.Although the shorts may be inclined to talk up their book after there’s already a considerable amount of negative momentum behind it, there are potential pitfalls of catching the falling knife that is Coinbase. I am bearish.Jim Chanos Refers to Coinbase as a ‘Bubble Stock‘A few weeks ago, Chanos referred to Coinbase as a “bubble stock.” Indeed, Chanos’ track record speaks for itself. Although Chanos’ alarming statements shouldn’t be taken as gospel, they should cause one to re-evaluate their theses to ensure that the narrative still holds.In prior pieces, I outlined the high risks involved with a name like Coinbase. Although the firm stood out as one of the more intriguing publicly traded ways to play a bet on the crypto markets, the price-to-earnings (P/E) multiple is so depressed for a reason.At 13 times trailing earnings, COIN stock seems like more of a bargain to take advantage of amid the tech-driven sell-off. With a trading frenzy in the rear-view mirror, though, it will be tough to stack up against past quarters now that the risk appetite has plunged.Chanos thinks Coinbase is “overearning” and that increased competition will weigh on the platform’s above-average margins. Just how much fee compression could be in the cards at the hands of rivals? Chanos thinks enough such that the firm “will probably not be profitable this year,”Indeed, I remarked on Coinbase’s loftier fees relative to competitors in past pieces but thought they were somewhat justified, given Coinbase was a more established and trusted presence in the crypto exchange scene.Competition Coming?Relative to the current slate of rivals, I’d argue Coinbase can still justify its loftier fees.That said, Coinbase’s days of being able to command higher fees may be numbered if a trusted behemoth like PayPal (PYPL) were to make a deeper dive into the crypto waters. Given PayPal’s recent embrace of cryptocurrencies, a case could be made that the crypto brokerages could be headed for the same “race to zero” faced by stock brokerages many years ago.In any case, I agree with Chanos in that Coinbase’s road ahead doesn’t look half as bright as the road behind it.Cyclical Nature of BitcoinInterest in cryptocurrencies still seems high, given numerous issues at the macro level. The server-breaking popularity of Coinbase’s Super Bowl advertisement was nothing short of remarkable. With Bitcoin and other cryptocurrencies warming up in the latter half of the first quarter, Coinbase stock may have the stage set for a larger relief rally.However, it is important to note that sentiment in the crypto space can change at the drop of a hat. For that reason, it’s tough to value a company like Coinbase, given how heavily its stock can be influenced by external factors that move the broader basket of cryptocurrencies.Bitcoin’s boom and bust nature is nothing new. The next bust is inevitable, and it could be just as violent as past downturns that saw crypto exchange commercials vanish for many months at a time. If the broader crypto markets were to go bust, it would be nearly impossible for Coinbase to avoid a plunge of similar magnitude.Wall Street’s TakeAccording to TipRanks’ analyst rating consensus, COIN stock comes in as a Moderate Buy. Out of 17 analyst ratings, there are 13 Buy recommendations, two Hold recommendations, and two Sell recommendations.The average Coinbase price target is $304.94, implying 62.7% upside potential. Analyst price targets range from a low of $135 per share to a high of $500 per share.Bottom Line on Coinbase StockCoinbase is coming off an incredible year, and Chanos may be right in that the company is “overearning.” Indeed, the low P/E multiple may already reflect such. Though Coinbase may face an uphill battle this year, it remains impossible to gauge how the crypto markets will fare this year, given the crisis unfolding in Ukraine.Further, I wouldn’t discount Coinbase’s ability to resist the fee pressure as rivals loom.Arguably, it already has. My biggest concern is what happens once big-tech fintech rivals with big crypto ambitions begin to move in.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9011883453,"gmtCreate":1648855182651,"gmtModify":1676534409562,"author":{"id":"3574326723774097","authorId":"3574326723774097","name":"Gackky","avatar":"https://static.tigerbbs.com/5898b44bf5a31bf2b9d4e37227ed8177","vip":1,"crmLevel":3,"crmLevelSwitch":0},"htmlText":"a shortist come out to support his short play","listText":"a shortist come out to support his short play","text":"a shortist come out to support his short play","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9011883453","repostId":1189350738,"repostType":4,"repost":{"id":"1189350738","pubTimestamp":1648824506,"share":"https://www.laohu8.com/m/news/1189350738?lang=&edition=full","pubTime":"2022-04-01 22:48","market":"us","language":"en","title":"Coinbase Stock Could Sink, Short-Seller Takes Aim","url":"https://stock-news.laohu8.com/highlight/detail?id=1189350738","media":"TipRanks","summary":"Shares of popular cryptocurrency exchange platform Coinbase (COIN) have been under more selling pres","content":"<div>\n<p>Shares of popular cryptocurrency exchange platform Coinbase (COIN) have been under more selling pressure. With the broader tech sell-off and renowned short-seller Jim Chanos taking aim at the company,...</p>\n\n<a href=\"https://www.tipranks.com/news/article/coinbase-stock-could-sink-short-seller-takes-aim/\">Web Link</a>\n\n</div>\n","source":"lsy1606183248679","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>Coinbase Stock Could Sink, Short-Seller Takes Aim</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\">\nCoinbase Stock Could Sink, Short-Seller Takes Aim\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-04-01 22:48 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.tipranks.com/news/article/coinbase-stock-could-sink-short-seller-takes-aim/><strong>TipRanks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Shares of popular cryptocurrency exchange platform Coinbase (COIN) have been under more selling pressure. With the broader tech sell-off and renowned short-seller Jim Chanos taking aim at the company,...</p>\n\n<a href=\"https://www.tipranks.com/news/article/coinbase-stock-could-sink-short-seller-takes-aim/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"source_url":"https://www.tipranks.com/news/article/coinbase-stock-could-sink-short-seller-takes-aim/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1189350738","content_text":"Shares of popular cryptocurrency exchange platform Coinbase (COIN) have been under more selling pressure. With the broader tech sell-off and renowned short-seller Jim Chanos taking aim at the company, the perfect storm could be in the works as the stock looks to bottom out and regain its footing.Coinbase stock shed around 58% of its value from peak to trough and is now attempting to move on from its brief plunge just north of $150 per share. Now, it’s never a good idea to be on the receiving end of a short-seller, especially one as famed as Jim Chanos.Although the shorts may be inclined to talk up their book after there’s already a considerable amount of negative momentum behind it, there are potential pitfalls of catching the falling knife that is Coinbase. I am bearish.Jim Chanos Refers to Coinbase as a ‘Bubble Stock‘A few weeks ago, Chanos referred to Coinbase as a “bubble stock.” Indeed, Chanos’ track record speaks for itself. Although Chanos’ alarming statements shouldn’t be taken as gospel, they should cause one to re-evaluate their theses to ensure that the narrative still holds.In prior pieces, I outlined the high risks involved with a name like Coinbase. Although the firm stood out as one of the more intriguing publicly traded ways to play a bet on the crypto markets, the price-to-earnings (P/E) multiple is so depressed for a reason.At 13 times trailing earnings, COIN stock seems like more of a bargain to take advantage of amid the tech-driven sell-off. With a trading frenzy in the rear-view mirror, though, it will be tough to stack up against past quarters now that the risk appetite has plunged.Chanos thinks Coinbase is “overearning” and that increased competition will weigh on the platform’s above-average margins. Just how much fee compression could be in the cards at the hands of rivals? Chanos thinks enough such that the firm “will probably not be profitable this year,”Indeed, I remarked on Coinbase’s loftier fees relative to competitors in past pieces but thought they were somewhat justified, given Coinbase was a more established and trusted presence in the crypto exchange scene.Competition Coming?Relative to the current slate of rivals, I’d argue Coinbase can still justify its loftier fees.That said, Coinbase’s days of being able to command higher fees may be numbered if a trusted behemoth like PayPal (PYPL) were to make a deeper dive into the crypto waters. Given PayPal’s recent embrace of cryptocurrencies, a case could be made that the crypto brokerages could be headed for the same “race to zero” faced by stock brokerages many years ago.In any case, I agree with Chanos in that Coinbase’s road ahead doesn’t look half as bright as the road behind it.Cyclical Nature of BitcoinInterest in cryptocurrencies still seems high, given numerous issues at the macro level. The server-breaking popularity of Coinbase’s Super Bowl advertisement was nothing short of remarkable. With Bitcoin and other cryptocurrencies warming up in the latter half of the first quarter, Coinbase stock may have the stage set for a larger relief rally.However, it is important to note that sentiment in the crypto space can change at the drop of a hat. For that reason, it’s tough to value a company like Coinbase, given how heavily its stock can be influenced by external factors that move the broader basket of cryptocurrencies.Bitcoin’s boom and bust nature is nothing new. The next bust is inevitable, and it could be just as violent as past downturns that saw crypto exchange commercials vanish for many months at a time. If the broader crypto markets were to go bust, it would be nearly impossible for Coinbase to avoid a plunge of similar magnitude.Wall Street’s TakeAccording to TipRanks’ analyst rating consensus, COIN stock comes in as a Moderate Buy. Out of 17 analyst ratings, there are 13 Buy recommendations, two Hold recommendations, and two Sell recommendations.The average Coinbase price target is $304.94, implying 62.7% upside potential. Analyst price targets range from a low of $135 per share to a high of $500 per share.Bottom Line on Coinbase StockCoinbase is coming off an incredible year, and Chanos may be right in that the company is “overearning.” Indeed, the low P/E multiple may already reflect such. Though Coinbase may face an uphill battle this year, it remains impossible to gauge how the crypto markets will fare this year, given the crisis unfolding in Ukraine.Further, I wouldn’t discount Coinbase’s ability to resist the fee pressure as rivals loom.Arguably, it already has. My biggest concern is what happens once big-tech fintech rivals with big crypto ambitions begin to move in.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9011831547,"gmtCreate":1648853135206,"gmtModify":1676534409002,"author":{"id":"3576260758860416","authorId":"3576260758860416","name":"andrew123","avatar":"https://community-static.tradeup.com/news/f3e049e64de259e717c6e652c0aca653","vip":1,"hat":"https://static.tigerbbs.com/4c5ceab71416b120bab4604c0754b52a","crmLevel":5,"crmLevelSwitch":0},"htmlText":"Like&nbsp;","listText":"Like&nbsp;","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9011831547","repostId":1189350738,"repostType":4,"repost":{"id":"1189350738","pubTimestamp":1648824506,"share":"https://www.laohu8.com/m/news/1189350738?lang=&edition=full","pubTime":"2022-04-01 22:48","market":"us","language":"en","title":"Coinbase Stock Could Sink, Short-Seller Takes Aim","url":"https://stock-news.laohu8.com/highlight/detail?id=1189350738","media":"TipRanks","summary":"Shares of popular cryptocurrency exchange platform Coinbase (COIN) have been under more selling pres","content":"<div>\n<p>Shares of popular cryptocurrency exchange platform Coinbase (COIN) have been under more selling pressure. With the broader tech sell-off and renowned short-seller Jim Chanos taking aim at the company,...</p>\n\n<a href=\"https://www.tipranks.com/news/article/coinbase-stock-could-sink-short-seller-takes-aim/\">Web Link</a>\n\n</div>\n","source":"lsy1606183248679","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>Coinbase Stock Could Sink, Short-Seller Takes Aim</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\">\nCoinbase Stock Could Sink, Short-Seller Takes Aim\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-04-01 22:48 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.tipranks.com/news/article/coinbase-stock-could-sink-short-seller-takes-aim/><strong>TipRanks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Shares of popular cryptocurrency exchange platform Coinbase (COIN) have been under more selling pressure. With the broader tech sell-off and renowned short-seller Jim Chanos taking aim at the company,...</p>\n\n<a href=\"https://www.tipranks.com/news/article/coinbase-stock-could-sink-short-seller-takes-aim/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"source_url":"https://www.tipranks.com/news/article/coinbase-stock-could-sink-short-seller-takes-aim/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1189350738","content_text":"Shares of popular cryptocurrency exchange platform Coinbase (COIN) have been under more selling pressure. With the broader tech sell-off and renowned short-seller Jim Chanos taking aim at the company, the perfect storm could be in the works as the stock looks to bottom out and regain its footing.Coinbase stock shed around 58% of its value from peak to trough and is now attempting to move on from its brief plunge just north of $150 per share. Now, it’s never a good idea to be on the receiving end of a short-seller, especially one as famed as Jim Chanos.Although the shorts may be inclined to talk up their book after there’s already a considerable amount of negative momentum behind it, there are potential pitfalls of catching the falling knife that is Coinbase. I am bearish.Jim Chanos Refers to Coinbase as a ‘Bubble Stock‘A few weeks ago, Chanos referred to Coinbase as a “bubble stock.” Indeed, Chanos’ track record speaks for itself. Although Chanos’ alarming statements shouldn’t be taken as gospel, they should cause one to re-evaluate their theses to ensure that the narrative still holds.In prior pieces, I outlined the high risks involved with a name like Coinbase. Although the firm stood out as one of the more intriguing publicly traded ways to play a bet on the crypto markets, the price-to-earnings (P/E) multiple is so depressed for a reason.At 13 times trailing earnings, COIN stock seems like more of a bargain to take advantage of amid the tech-driven sell-off. With a trading frenzy in the rear-view mirror, though, it will be tough to stack up against past quarters now that the risk appetite has plunged.Chanos thinks Coinbase is “overearning” and that increased competition will weigh on the platform’s above-average margins. Just how much fee compression could be in the cards at the hands of rivals? Chanos thinks enough such that the firm “will probably not be profitable this year,”Indeed, I remarked on Coinbase’s loftier fees relative to competitors in past pieces but thought they were somewhat justified, given Coinbase was a more established and trusted presence in the crypto exchange scene.Competition Coming?Relative to the current slate of rivals, I’d argue Coinbase can still justify its loftier fees.That said, Coinbase’s days of being able to command higher fees may be numbered if a trusted behemoth like PayPal (PYPL) were to make a deeper dive into the crypto waters. Given PayPal’s recent embrace of cryptocurrencies, a case could be made that the crypto brokerages could be headed for the same “race to zero” faced by stock brokerages many years ago.In any case, I agree with Chanos in that Coinbase’s road ahead doesn’t look half as bright as the road behind it.Cyclical Nature of BitcoinInterest in cryptocurrencies still seems high, given numerous issues at the macro level. The server-breaking popularity of Coinbase’s Super Bowl advertisement was nothing short of remarkable. With Bitcoin and other cryptocurrencies warming up in the latter half of the first quarter, Coinbase stock may have the stage set for a larger relief rally.However, it is important to note that sentiment in the crypto space can change at the drop of a hat. For that reason, it’s tough to value a company like Coinbase, given how heavily its stock can be influenced by external factors that move the broader basket of cryptocurrencies.Bitcoin’s boom and bust nature is nothing new. The next bust is inevitable, and it could be just as violent as past downturns that saw crypto exchange commercials vanish for many months at a time. If the broader crypto markets were to go bust, it would be nearly impossible for Coinbase to avoid a plunge of similar magnitude.Wall Street’s TakeAccording to TipRanks’ analyst rating consensus, COIN stock comes in as a Moderate Buy. Out of 17 analyst ratings, there are 13 Buy recommendations, two Hold recommendations, and two Sell recommendations.The average Coinbase price target is $304.94, implying 62.7% upside potential. Analyst price targets range from a low of $135 per share to a high of $500 per share.Bottom Line on Coinbase StockCoinbase is coming off an incredible year, and Chanos may be right in that the company is “overearning.” Indeed, the low P/E multiple may already reflect such. Though Coinbase may face an uphill battle this year, it remains impossible to gauge how the crypto markets will fare this year, given the crisis unfolding in Ukraine.Further, I wouldn’t discount Coinbase’s ability to resist the fee pressure as rivals loom.Arguably, it already has. My biggest concern is what happens once big-tech fintech rivals with big crypto ambitions begin to move in.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9011898532,"gmtCreate":1648852294222,"gmtModify":1676534408707,"author":{"id":"3584874174562489","authorId":"3584874174562489","name":"vic78","avatar":"https://static.tigerbbs.com/d4dc3bd30cec435b0345175f72eeb4dc","vip":1,"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":4,"crmLevelSwitch":0},"htmlText":"👍👍","listText":"👍👍","text":"👍👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9011898532","repostId":1189350738,"repostType":4,"repost":{"id":"1189350738","pubTimestamp":1648824506,"share":"https://www.laohu8.com/m/news/1189350738?lang=&edition=full","pubTime":"2022-04-01 22:48","market":"us","language":"en","title":"Coinbase Stock Could Sink, Short-Seller Takes Aim","url":"https://stock-news.laohu8.com/highlight/detail?id=1189350738","media":"TipRanks","summary":"Shares of popular cryptocurrency exchange platform Coinbase (COIN) have been under more selling pres","content":"<div>\n<p>Shares of popular cryptocurrency exchange platform Coinbase (COIN) have been under more selling pressure. With the broader tech sell-off and renowned short-seller Jim Chanos taking aim at the company,...</p>\n\n<a href=\"https://www.tipranks.com/news/article/coinbase-stock-could-sink-short-seller-takes-aim/\">Web Link</a>\n\n</div>\n","source":"lsy1606183248679","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>Coinbase Stock Could Sink, Short-Seller Takes Aim</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\">\nCoinbase Stock Could Sink, Short-Seller Takes Aim\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-04-01 22:48 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.tipranks.com/news/article/coinbase-stock-could-sink-short-seller-takes-aim/><strong>TipRanks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Shares of popular cryptocurrency exchange platform Coinbase (COIN) have been under more selling pressure. With the broader tech sell-off and renowned short-seller Jim Chanos taking aim at the company,...</p>\n\n<a href=\"https://www.tipranks.com/news/article/coinbase-stock-could-sink-short-seller-takes-aim/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"source_url":"https://www.tipranks.com/news/article/coinbase-stock-could-sink-short-seller-takes-aim/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1189350738","content_text":"Shares of popular cryptocurrency exchange platform Coinbase (COIN) have been under more selling pressure. With the broader tech sell-off and renowned short-seller Jim Chanos taking aim at the company, the perfect storm could be in the works as the stock looks to bottom out and regain its footing.Coinbase stock shed around 58% of its value from peak to trough and is now attempting to move on from its brief plunge just north of $150 per share. Now, it’s never a good idea to be on the receiving end of a short-seller, especially one as famed as Jim Chanos.Although the shorts may be inclined to talk up their book after there’s already a considerable amount of negative momentum behind it, there are potential pitfalls of catching the falling knife that is Coinbase. I am bearish.Jim Chanos Refers to Coinbase as a ‘Bubble Stock‘A few weeks ago, Chanos referred to Coinbase as a “bubble stock.” Indeed, Chanos’ track record speaks for itself. Although Chanos’ alarming statements shouldn’t be taken as gospel, they should cause one to re-evaluate their theses to ensure that the narrative still holds.In prior pieces, I outlined the high risks involved with a name like Coinbase. Although the firm stood out as one of the more intriguing publicly traded ways to play a bet on the crypto markets, the price-to-earnings (P/E) multiple is so depressed for a reason.At 13 times trailing earnings, COIN stock seems like more of a bargain to take advantage of amid the tech-driven sell-off. With a trading frenzy in the rear-view mirror, though, it will be tough to stack up against past quarters now that the risk appetite has plunged.Chanos thinks Coinbase is “overearning” and that increased competition will weigh on the platform’s above-average margins. Just how much fee compression could be in the cards at the hands of rivals? Chanos thinks enough such that the firm “will probably not be profitable this year,”Indeed, I remarked on Coinbase’s loftier fees relative to competitors in past pieces but thought they were somewhat justified, given Coinbase was a more established and trusted presence in the crypto exchange scene.Competition Coming?Relative to the current slate of rivals, I’d argue Coinbase can still justify its loftier fees.That said, Coinbase’s days of being able to command higher fees may be numbered if a trusted behemoth like PayPal (PYPL) were to make a deeper dive into the crypto waters. Given PayPal’s recent embrace of cryptocurrencies, a case could be made that the crypto brokerages could be headed for the same “race to zero” faced by stock brokerages many years ago.In any case, I agree with Chanos in that Coinbase’s road ahead doesn’t look half as bright as the road behind it.Cyclical Nature of BitcoinInterest in cryptocurrencies still seems high, given numerous issues at the macro level. The server-breaking popularity of Coinbase’s Super Bowl advertisement was nothing short of remarkable. With Bitcoin and other cryptocurrencies warming up in the latter half of the first quarter, Coinbase stock may have the stage set for a larger relief rally.However, it is important to note that sentiment in the crypto space can change at the drop of a hat. For that reason, it’s tough to value a company like Coinbase, given how heavily its stock can be influenced by external factors that move the broader basket of cryptocurrencies.Bitcoin’s boom and bust nature is nothing new. The next bust is inevitable, and it could be just as violent as past downturns that saw crypto exchange commercials vanish for many months at a time. If the broader crypto markets were to go bust, it would be nearly impossible for Coinbase to avoid a plunge of similar magnitude.Wall Street’s TakeAccording to TipRanks’ analyst rating consensus, COIN stock comes in as a Moderate Buy. Out of 17 analyst ratings, there are 13 Buy recommendations, two Hold recommendations, and two Sell recommendations.The average Coinbase price target is $304.94, implying 62.7% upside potential. Analyst price targets range from a low of $135 per share to a high of $500 per share.Bottom Line on Coinbase StockCoinbase is coming off an incredible year, and Chanos may be right in that the company is “overearning.” Indeed, the low P/E multiple may already reflect such. Though Coinbase may face an uphill battle this year, it remains impossible to gauge how the crypto markets will fare this year, given the crisis unfolding in Ukraine.Further, I wouldn’t discount Coinbase’s ability to resist the fee pressure as rivals loom.Arguably, it already has. My biggest concern is what happens once big-tech fintech rivals with big crypto ambitions begin to move in.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9011891531,"gmtCreate":1648852204970,"gmtModify":1676534408689,"author":{"id":"3555200317437246","authorId":"3555200317437246","name":"weekendnote","avatar":"https://community-static.tradeup.com/news/d60a8ac425f5151e5bcdc426262fb043","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9011891531","repostId":1189350738,"repostType":4,"repost":{"id":"1189350738","pubTimestamp":1648824506,"share":"https://www.laohu8.com/m/news/1189350738?lang=&edition=full","pubTime":"2022-04-01 22:48","market":"us","language":"en","title":"Coinbase Stock Could Sink, Short-Seller Takes Aim","url":"https://stock-news.laohu8.com/highlight/detail?id=1189350738","media":"TipRanks","summary":"Shares of popular cryptocurrency exchange platform Coinbase (COIN) have been under more selling pres","content":"<div>\n<p>Shares of popular cryptocurrency exchange platform Coinbase (COIN) have been under more selling pressure. With the broader tech sell-off and renowned short-seller Jim Chanos taking aim at the company,...</p>\n\n<a href=\"https://www.tipranks.com/news/article/coinbase-stock-could-sink-short-seller-takes-aim/\">Web Link</a>\n\n</div>\n","source":"lsy1606183248679","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>Coinbase Stock Could Sink, Short-Seller Takes Aim</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\">\nCoinbase Stock Could Sink, Short-Seller Takes Aim\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-04-01 22:48 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.tipranks.com/news/article/coinbase-stock-could-sink-short-seller-takes-aim/><strong>TipRanks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Shares of popular cryptocurrency exchange platform Coinbase (COIN) have been under more selling pressure. With the broader tech sell-off and renowned short-seller Jim Chanos taking aim at the company,...</p>\n\n<a href=\"https://www.tipranks.com/news/article/coinbase-stock-could-sink-short-seller-takes-aim/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"source_url":"https://www.tipranks.com/news/article/coinbase-stock-could-sink-short-seller-takes-aim/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1189350738","content_text":"Shares of popular cryptocurrency exchange platform Coinbase (COIN) have been under more selling pressure. With the broader tech sell-off and renowned short-seller Jim Chanos taking aim at the company, the perfect storm could be in the works as the stock looks to bottom out and regain its footing.Coinbase stock shed around 58% of its value from peak to trough and is now attempting to move on from its brief plunge just north of $150 per share. Now, it’s never a good idea to be on the receiving end of a short-seller, especially one as famed as Jim Chanos.Although the shorts may be inclined to talk up their book after there’s already a considerable amount of negative momentum behind it, there are potential pitfalls of catching the falling knife that is Coinbase. I am bearish.Jim Chanos Refers to Coinbase as a ‘Bubble Stock‘A few weeks ago, Chanos referred to Coinbase as a “bubble stock.” Indeed, Chanos’ track record speaks for itself. Although Chanos’ alarming statements shouldn’t be taken as gospel, they should cause one to re-evaluate their theses to ensure that the narrative still holds.In prior pieces, I outlined the high risks involved with a name like Coinbase. Although the firm stood out as one of the more intriguing publicly traded ways to play a bet on the crypto markets, the price-to-earnings (P/E) multiple is so depressed for a reason.At 13 times trailing earnings, COIN stock seems like more of a bargain to take advantage of amid the tech-driven sell-off. With a trading frenzy in the rear-view mirror, though, it will be tough to stack up against past quarters now that the risk appetite has plunged.Chanos thinks Coinbase is “overearning” and that increased competition will weigh on the platform’s above-average margins. Just how much fee compression could be in the cards at the hands of rivals? Chanos thinks enough such that the firm “will probably not be profitable this year,”Indeed, I remarked on Coinbase’s loftier fees relative to competitors in past pieces but thought they were somewhat justified, given Coinbase was a more established and trusted presence in the crypto exchange scene.Competition Coming?Relative to the current slate of rivals, I’d argue Coinbase can still justify its loftier fees.That said, Coinbase’s days of being able to command higher fees may be numbered if a trusted behemoth like PayPal (PYPL) were to make a deeper dive into the crypto waters. Given PayPal’s recent embrace of cryptocurrencies, a case could be made that the crypto brokerages could be headed for the same “race to zero” faced by stock brokerages many years ago.In any case, I agree with Chanos in that Coinbase’s road ahead doesn’t look half as bright as the road behind it.Cyclical Nature of BitcoinInterest in cryptocurrencies still seems high, given numerous issues at the macro level. The server-breaking popularity of Coinbase’s Super Bowl advertisement was nothing short of remarkable. With Bitcoin and other cryptocurrencies warming up in the latter half of the first quarter, Coinbase stock may have the stage set for a larger relief rally.However, it is important to note that sentiment in the crypto space can change at the drop of a hat. For that reason, it’s tough to value a company like Coinbase, given how heavily its stock can be influenced by external factors that move the broader basket of cryptocurrencies.Bitcoin’s boom and bust nature is nothing new. The next bust is inevitable, and it could be just as violent as past downturns that saw crypto exchange commercials vanish for many months at a time. If the broader crypto markets were to go bust, it would be nearly impossible for Coinbase to avoid a plunge of similar magnitude.Wall Street’s TakeAccording to TipRanks’ analyst rating consensus, COIN stock comes in as a Moderate Buy. Out of 17 analyst ratings, there are 13 Buy recommendations, two Hold recommendations, and two Sell recommendations.The average Coinbase price target is $304.94, implying 62.7% upside potential. Analyst price targets range from a low of $135 per share to a high of $500 per share.Bottom Line on Coinbase StockCoinbase is coming off an incredible year, and Chanos may be right in that the company is “overearning.” Indeed, the low P/E multiple may already reflect such. Though Coinbase may face an uphill battle this year, it remains impossible to gauge how the crypto markets will fare this year, given the crisis unfolding in Ukraine.Further, I wouldn’t discount Coinbase’s ability to resist the fee pressure as rivals loom.Arguably, it already has. My biggest concern is what happens once big-tech fintech rivals with big crypto ambitions begin to move in.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9011144340,"gmtCreate":1648846872273,"gmtModify":1676534407995,"author":{"id":"4099796716910130","authorId":"4099796716910130","name":"Sunday128","avatar":"https://static.tigerbbs.com/f2cc38fb8b7ce0ae876f3a7b6154dfe0","vip":1,"hat":"https://static.tigerbbs.com/b073a07f77dbe6b3bec6b12311fde6bd","crmLevel":2,"crmLevelSwitch":0},"htmlText":"Like pls&nbsp;","listText":"Like pls&nbsp;","text":"Like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9011144340","repostId":1189350738,"repostType":4,"repost":{"id":"1189350738","pubTimestamp":1648824506,"share":"https://www.laohu8.com/m/news/1189350738?lang=&edition=full","pubTime":"2022-04-01 22:48","market":"us","language":"en","title":"Coinbase Stock Could Sink, Short-Seller Takes Aim","url":"https://stock-news.laohu8.com/highlight/detail?id=1189350738","media":"TipRanks","summary":"Shares of popular cryptocurrency exchange platform Coinbase (COIN) have been under more selling pres","content":"<div>\n<p>Shares of popular cryptocurrency exchange platform Coinbase (COIN) have been under more selling pressure. With the broader tech sell-off and renowned short-seller Jim Chanos taking aim at the company,...</p>\n\n<a href=\"https://www.tipranks.com/news/article/coinbase-stock-could-sink-short-seller-takes-aim/\">Web Link</a>\n\n</div>\n","source":"lsy1606183248679","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>Coinbase Stock Could Sink, Short-Seller Takes Aim</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\">\nCoinbase Stock Could Sink, Short-Seller Takes Aim\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-04-01 22:48 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.tipranks.com/news/article/coinbase-stock-could-sink-short-seller-takes-aim/><strong>TipRanks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Shares of popular cryptocurrency exchange platform Coinbase (COIN) have been under more selling pressure. With the broader tech sell-off and renowned short-seller Jim Chanos taking aim at the company,...</p>\n\n<a href=\"https://www.tipranks.com/news/article/coinbase-stock-could-sink-short-seller-takes-aim/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"source_url":"https://www.tipranks.com/news/article/coinbase-stock-could-sink-short-seller-takes-aim/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1189350738","content_text":"Shares of popular cryptocurrency exchange platform Coinbase (COIN) have been under more selling pressure. With the broader tech sell-off and renowned short-seller Jim Chanos taking aim at the company, the perfect storm could be in the works as the stock looks to bottom out and regain its footing.Coinbase stock shed around 58% of its value from peak to trough and is now attempting to move on from its brief plunge just north of $150 per share. Now, it’s never a good idea to be on the receiving end of a short-seller, especially one as famed as Jim Chanos.Although the shorts may be inclined to talk up their book after there’s already a considerable amount of negative momentum behind it, there are potential pitfalls of catching the falling knife that is Coinbase. I am bearish.Jim Chanos Refers to Coinbase as a ‘Bubble Stock‘A few weeks ago, Chanos referred to Coinbase as a “bubble stock.” Indeed, Chanos’ track record speaks for itself. Although Chanos’ alarming statements shouldn’t be taken as gospel, they should cause one to re-evaluate their theses to ensure that the narrative still holds.In prior pieces, I outlined the high risks involved with a name like Coinbase. Although the firm stood out as one of the more intriguing publicly traded ways to play a bet on the crypto markets, the price-to-earnings (P/E) multiple is so depressed for a reason.At 13 times trailing earnings, COIN stock seems like more of a bargain to take advantage of amid the tech-driven sell-off. With a trading frenzy in the rear-view mirror, though, it will be tough to stack up against past quarters now that the risk appetite has plunged.Chanos thinks Coinbase is “overearning” and that increased competition will weigh on the platform’s above-average margins. Just how much fee compression could be in the cards at the hands of rivals? Chanos thinks enough such that the firm “will probably not be profitable this year,”Indeed, I remarked on Coinbase’s loftier fees relative to competitors in past pieces but thought they were somewhat justified, given Coinbase was a more established and trusted presence in the crypto exchange scene.Competition Coming?Relative to the current slate of rivals, I’d argue Coinbase can still justify its loftier fees.That said, Coinbase’s days of being able to command higher fees may be numbered if a trusted behemoth like PayPal (PYPL) were to make a deeper dive into the crypto waters. Given PayPal’s recent embrace of cryptocurrencies, a case could be made that the crypto brokerages could be headed for the same “race to zero” faced by stock brokerages many years ago.In any case, I agree with Chanos in that Coinbase’s road ahead doesn’t look half as bright as the road behind it.Cyclical Nature of BitcoinInterest in cryptocurrencies still seems high, given numerous issues at the macro level. The server-breaking popularity of Coinbase’s Super Bowl advertisement was nothing short of remarkable. With Bitcoin and other cryptocurrencies warming up in the latter half of the first quarter, Coinbase stock may have the stage set for a larger relief rally.However, it is important to note that sentiment in the crypto space can change at the drop of a hat. For that reason, it’s tough to value a company like Coinbase, given how heavily its stock can be influenced by external factors that move the broader basket of cryptocurrencies.Bitcoin’s boom and bust nature is nothing new. The next bust is inevitable, and it could be just as violent as past downturns that saw crypto exchange commercials vanish for many months at a time. If the broader crypto markets were to go bust, it would be nearly impossible for Coinbase to avoid a plunge of similar magnitude.Wall Street’s TakeAccording to TipRanks’ analyst rating consensus, COIN stock comes in as a Moderate Buy. Out of 17 analyst ratings, there are 13 Buy recommendations, two Hold recommendations, and two Sell recommendations.The average Coinbase price target is $304.94, implying 62.7% upside potential. Analyst price targets range from a low of $135 per share to a high of $500 per share.Bottom Line on Coinbase StockCoinbase is coming off an incredible year, and Chanos may be right in that the company is “overearning.” Indeed, the low P/E multiple may already reflect such. Though Coinbase may face an uphill battle this year, it remains impossible to gauge how the crypto markets will fare this year, given the crisis unfolding in Ukraine.Further, I wouldn’t discount Coinbase’s ability to resist the fee pressure as rivals loom.Arguably, it already has. My biggest concern is what happens once big-tech fintech rivals with big crypto ambitions begin to move in.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9011129760,"gmtCreate":1648830723249,"gmtModify":1676534407271,"author":{"id":"4100143081992750","authorId":"4100143081992750","name":"fhho32","avatar":"https://community-static.tradeup.com/news/2e9d1fc00d659255c125be74d13236ea","vip":1,"crmLevel":1,"crmLevelSwitch":0},"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9011129760","repostId":1189350738,"repostType":4,"repost":{"id":"1189350738","pubTimestamp":1648824506,"share":"https://www.laohu8.com/m/news/1189350738?lang=&edition=full","pubTime":"2022-04-01 22:48","market":"us","language":"en","title":"Coinbase Stock Could Sink, Short-Seller Takes Aim","url":"https://stock-news.laohu8.com/highlight/detail?id=1189350738","media":"TipRanks","summary":"Shares of popular cryptocurrency exchange platform Coinbase (COIN) have been under more selling pres","content":"<div>\n<p>Shares of popular cryptocurrency exchange platform Coinbase (COIN) have been under more selling pressure. With the broader tech sell-off and renowned short-seller Jim Chanos taking aim at the company,...</p>\n\n<a href=\"https://www.tipranks.com/news/article/coinbase-stock-could-sink-short-seller-takes-aim/\">Web Link</a>\n\n</div>\n","source":"lsy1606183248679","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>Coinbase Stock Could Sink, Short-Seller Takes Aim</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\">\nCoinbase Stock Could Sink, Short-Seller Takes Aim\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-04-01 22:48 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.tipranks.com/news/article/coinbase-stock-could-sink-short-seller-takes-aim/><strong>TipRanks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Shares of popular cryptocurrency exchange platform Coinbase (COIN) have been under more selling pressure. With the broader tech sell-off and renowned short-seller Jim Chanos taking aim at the company,...</p>\n\n<a href=\"https://www.tipranks.com/news/article/coinbase-stock-could-sink-short-seller-takes-aim/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"source_url":"https://www.tipranks.com/news/article/coinbase-stock-could-sink-short-seller-takes-aim/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1189350738","content_text":"Shares of popular cryptocurrency exchange platform Coinbase (COIN) have been under more selling pressure. With the broader tech sell-off and renowned short-seller Jim Chanos taking aim at the company, the perfect storm could be in the works as the stock looks to bottom out and regain its footing.Coinbase stock shed around 58% of its value from peak to trough and is now attempting to move on from its brief plunge just north of $150 per share. Now, it’s never a good idea to be on the receiving end of a short-seller, especially one as famed as Jim Chanos.Although the shorts may be inclined to talk up their book after there’s already a considerable amount of negative momentum behind it, there are potential pitfalls of catching the falling knife that is Coinbase. I am bearish.Jim Chanos Refers to Coinbase as a ‘Bubble Stock‘A few weeks ago, Chanos referred to Coinbase as a “bubble stock.” Indeed, Chanos’ track record speaks for itself. Although Chanos’ alarming statements shouldn’t be taken as gospel, they should cause one to re-evaluate their theses to ensure that the narrative still holds.In prior pieces, I outlined the high risks involved with a name like Coinbase. Although the firm stood out as one of the more intriguing publicly traded ways to play a bet on the crypto markets, the price-to-earnings (P/E) multiple is so depressed for a reason.At 13 times trailing earnings, COIN stock seems like more of a bargain to take advantage of amid the tech-driven sell-off. With a trading frenzy in the rear-view mirror, though, it will be tough to stack up against past quarters now that the risk appetite has plunged.Chanos thinks Coinbase is “overearning” and that increased competition will weigh on the platform’s above-average margins. Just how much fee compression could be in the cards at the hands of rivals? Chanos thinks enough such that the firm “will probably not be profitable this year,”Indeed, I remarked on Coinbase’s loftier fees relative to competitors in past pieces but thought they were somewhat justified, given Coinbase was a more established and trusted presence in the crypto exchange scene.Competition Coming?Relative to the current slate of rivals, I’d argue Coinbase can still justify its loftier fees.That said, Coinbase’s days of being able to command higher fees may be numbered if a trusted behemoth like PayPal (PYPL) were to make a deeper dive into the crypto waters. Given PayPal’s recent embrace of cryptocurrencies, a case could be made that the crypto brokerages could be headed for the same “race to zero” faced by stock brokerages many years ago.In any case, I agree with Chanos in that Coinbase’s road ahead doesn’t look half as bright as the road behind it.Cyclical Nature of BitcoinInterest in cryptocurrencies still seems high, given numerous issues at the macro level. The server-breaking popularity of Coinbase’s Super Bowl advertisement was nothing short of remarkable. With Bitcoin and other cryptocurrencies warming up in the latter half of the first quarter, Coinbase stock may have the stage set for a larger relief rally.However, it is important to note that sentiment in the crypto space can change at the drop of a hat. For that reason, it’s tough to value a company like Coinbase, given how heavily its stock can be influenced by external factors that move the broader basket of cryptocurrencies.Bitcoin’s boom and bust nature is nothing new. The next bust is inevitable, and it could be just as violent as past downturns that saw crypto exchange commercials vanish for many months at a time. If the broader crypto markets were to go bust, it would be nearly impossible for Coinbase to avoid a plunge of similar magnitude.Wall Street’s TakeAccording to TipRanks’ analyst rating consensus, COIN stock comes in as a Moderate Buy. Out of 17 analyst ratings, there are 13 Buy recommendations, two Hold recommendations, and two Sell recommendations.The average Coinbase price target is $304.94, implying 62.7% upside potential. Analyst price targets range from a low of $135 per share to a high of $500 per share.Bottom Line on Coinbase StockCoinbase is coming off an incredible year, and Chanos may be right in that the company is “overearning.” Indeed, the low P/E multiple may already reflect such. Though Coinbase may face an uphill battle this year, it remains impossible to gauge how the crypto markets will fare this year, given the crisis unfolding in Ukraine.Further, I wouldn’t discount Coinbase’s ability to resist the fee pressure as rivals loom.Arguably, it already has. My biggest concern is what happens once big-tech fintech rivals with big crypto ambitions begin to move in.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9011184360,"gmtCreate":1648828770047,"gmtModify":1676534406842,"author":{"id":"3569935580474431","authorId":"3569935580474431","name":"EY12","avatar":"https://static.tigerbbs.com/103e86782b34598ff73873d5f9259adb","vip":1,"crmLevel":5,"crmLevelSwitch":0},"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9011184360","repostId":1189350738,"repostType":4,"repost":{"id":"1189350738","pubTimestamp":1648824506,"share":"https://www.laohu8.com/m/news/1189350738?lang=&edition=full","pubTime":"2022-04-01 22:48","market":"us","language":"en","title":"Coinbase Stock Could Sink, Short-Seller Takes Aim","url":"https://stock-news.laohu8.com/highlight/detail?id=1189350738","media":"TipRanks","summary":"Shares of popular cryptocurrency exchange platform Coinbase (COIN) have been under more selling pres","content":"<div>\n<p>Shares of popular cryptocurrency exchange platform Coinbase (COIN) have been under more selling pressure. With the broader tech sell-off and renowned short-seller Jim Chanos taking aim at the company,...</p>\n\n<a href=\"https://www.tipranks.com/news/article/coinbase-stock-could-sink-short-seller-takes-aim/\">Web Link</a>\n\n</div>\n","source":"lsy1606183248679","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>Coinbase Stock Could Sink, Short-Seller Takes Aim</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\">\nCoinbase Stock Could Sink, Short-Seller Takes Aim\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-04-01 22:48 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.tipranks.com/news/article/coinbase-stock-could-sink-short-seller-takes-aim/><strong>TipRanks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Shares of popular cryptocurrency exchange platform Coinbase (COIN) have been under more selling pressure. With the broader tech sell-off and renowned short-seller Jim Chanos taking aim at the company,...</p>\n\n<a href=\"https://www.tipranks.com/news/article/coinbase-stock-could-sink-short-seller-takes-aim/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"source_url":"https://www.tipranks.com/news/article/coinbase-stock-could-sink-short-seller-takes-aim/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1189350738","content_text":"Shares of popular cryptocurrency exchange platform Coinbase (COIN) have been under more selling pressure. With the broader tech sell-off and renowned short-seller Jim Chanos taking aim at the company, the perfect storm could be in the works as the stock looks to bottom out and regain its footing.Coinbase stock shed around 58% of its value from peak to trough and is now attempting to move on from its brief plunge just north of $150 per share. Now, it’s never a good idea to be on the receiving end of a short-seller, especially one as famed as Jim Chanos.Although the shorts may be inclined to talk up their book after there’s already a considerable amount of negative momentum behind it, there are potential pitfalls of catching the falling knife that is Coinbase. I am bearish.Jim Chanos Refers to Coinbase as a ‘Bubble Stock‘A few weeks ago, Chanos referred to Coinbase as a “bubble stock.” Indeed, Chanos’ track record speaks for itself. Although Chanos’ alarming statements shouldn’t be taken as gospel, they should cause one to re-evaluate their theses to ensure that the narrative still holds.In prior pieces, I outlined the high risks involved with a name like Coinbase. Although the firm stood out as one of the more intriguing publicly traded ways to play a bet on the crypto markets, the price-to-earnings (P/E) multiple is so depressed for a reason.At 13 times trailing earnings, COIN stock seems like more of a bargain to take advantage of amid the tech-driven sell-off. With a trading frenzy in the rear-view mirror, though, it will be tough to stack up against past quarters now that the risk appetite has plunged.Chanos thinks Coinbase is “overearning” and that increased competition will weigh on the platform’s above-average margins. Just how much fee compression could be in the cards at the hands of rivals? Chanos thinks enough such that the firm “will probably not be profitable this year,”Indeed, I remarked on Coinbase’s loftier fees relative to competitors in past pieces but thought they were somewhat justified, given Coinbase was a more established and trusted presence in the crypto exchange scene.Competition Coming?Relative to the current slate of rivals, I’d argue Coinbase can still justify its loftier fees.That said, Coinbase’s days of being able to command higher fees may be numbered if a trusted behemoth like PayPal (PYPL) were to make a deeper dive into the crypto waters. Given PayPal’s recent embrace of cryptocurrencies, a case could be made that the crypto brokerages could be headed for the same “race to zero” faced by stock brokerages many years ago.In any case, I agree with Chanos in that Coinbase’s road ahead doesn’t look half as bright as the road behind it.Cyclical Nature of BitcoinInterest in cryptocurrencies still seems high, given numerous issues at the macro level. The server-breaking popularity of Coinbase’s Super Bowl advertisement was nothing short of remarkable. With Bitcoin and other cryptocurrencies warming up in the latter half of the first quarter, Coinbase stock may have the stage set for a larger relief rally.However, it is important to note that sentiment in the crypto space can change at the drop of a hat. For that reason, it’s tough to value a company like Coinbase, given how heavily its stock can be influenced by external factors that move the broader basket of cryptocurrencies.Bitcoin’s boom and bust nature is nothing new. The next bust is inevitable, and it could be just as violent as past downturns that saw crypto exchange commercials vanish for many months at a time. If the broader crypto markets were to go bust, it would be nearly impossible for Coinbase to avoid a plunge of similar magnitude.Wall Street’s TakeAccording to TipRanks’ analyst rating consensus, COIN stock comes in as a Moderate Buy. Out of 17 analyst ratings, there are 13 Buy recommendations, two Hold recommendations, and two Sell recommendations.The average Coinbase price target is $304.94, implying 62.7% upside potential. Analyst price targets range from a low of $135 per share to a high of $500 per share.Bottom Line on Coinbase StockCoinbase is coming off an incredible year, and Chanos may be right in that the company is “overearning.” Indeed, the low P/E multiple may already reflect such. Though Coinbase may face an uphill battle this year, it remains impossible to gauge how the crypto markets will fare this year, given the crisis unfolding in Ukraine.Further, I wouldn’t discount Coinbase’s ability to resist the fee pressure as rivals loom.Arguably, it already has. My biggest concern is what happens once big-tech fintech rivals with big crypto ambitions begin to move in.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9011186195,"gmtCreate":1648828429240,"gmtModify":1676534406785,"author":{"id":"3581678664547146","authorId":"3581678664547146","name":"nelson21","avatar":"https://static.tigerbbs.com/f3bfb16048c75dbf023d98c18914333e","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Please like","listText":"Please like","text":"Please like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9011186195","repostId":1189350738,"repostType":4,"repost":{"id":"1189350738","pubTimestamp":1648824506,"share":"https://www.laohu8.com/m/news/1189350738?lang=&edition=full","pubTime":"2022-04-01 22:48","market":"us","language":"en","title":"Coinbase Stock Could Sink, Short-Seller Takes Aim","url":"https://stock-news.laohu8.com/highlight/detail?id=1189350738","media":"TipRanks","summary":"Shares of popular cryptocurrency exchange platform Coinbase (COIN) have been under more selling pres","content":"<div>\n<p>Shares of popular cryptocurrency exchange platform Coinbase (COIN) have been under more selling pressure. With the broader tech sell-off and renowned short-seller Jim Chanos taking aim at the company,...</p>\n\n<a href=\"https://www.tipranks.com/news/article/coinbase-stock-could-sink-short-seller-takes-aim/\">Web Link</a>\n\n</div>\n","source":"lsy1606183248679","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>Coinbase Stock Could Sink, Short-Seller Takes Aim</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\">\nCoinbase Stock Could Sink, Short-Seller Takes Aim\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-04-01 22:48 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.tipranks.com/news/article/coinbase-stock-could-sink-short-seller-takes-aim/><strong>TipRanks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Shares of popular cryptocurrency exchange platform Coinbase (COIN) have been under more selling pressure. With the broader tech sell-off and renowned short-seller Jim Chanos taking aim at the company,...</p>\n\n<a href=\"https://www.tipranks.com/news/article/coinbase-stock-could-sink-short-seller-takes-aim/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"source_url":"https://www.tipranks.com/news/article/coinbase-stock-could-sink-short-seller-takes-aim/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1189350738","content_text":"Shares of popular cryptocurrency exchange platform Coinbase (COIN) have been under more selling pressure. With the broader tech sell-off and renowned short-seller Jim Chanos taking aim at the company, the perfect storm could be in the works as the stock looks to bottom out and regain its footing.Coinbase stock shed around 58% of its value from peak to trough and is now attempting to move on from its brief plunge just north of $150 per share. Now, it’s never a good idea to be on the receiving end of a short-seller, especially one as famed as Jim Chanos.Although the shorts may be inclined to talk up their book after there’s already a considerable amount of negative momentum behind it, there are potential pitfalls of catching the falling knife that is Coinbase. I am bearish.Jim Chanos Refers to Coinbase as a ‘Bubble Stock‘A few weeks ago, Chanos referred to Coinbase as a “bubble stock.” Indeed, Chanos’ track record speaks for itself. Although Chanos’ alarming statements shouldn’t be taken as gospel, they should cause one to re-evaluate their theses to ensure that the narrative still holds.In prior pieces, I outlined the high risks involved with a name like Coinbase. Although the firm stood out as one of the more intriguing publicly traded ways to play a bet on the crypto markets, the price-to-earnings (P/E) multiple is so depressed for a reason.At 13 times trailing earnings, COIN stock seems like more of a bargain to take advantage of amid the tech-driven sell-off. With a trading frenzy in the rear-view mirror, though, it will be tough to stack up against past quarters now that the risk appetite has plunged.Chanos thinks Coinbase is “overearning” and that increased competition will weigh on the platform’s above-average margins. Just how much fee compression could be in the cards at the hands of rivals? Chanos thinks enough such that the firm “will probably not be profitable this year,”Indeed, I remarked on Coinbase’s loftier fees relative to competitors in past pieces but thought they were somewhat justified, given Coinbase was a more established and trusted presence in the crypto exchange scene.Competition Coming?Relative to the current slate of rivals, I’d argue Coinbase can still justify its loftier fees.That said, Coinbase’s days of being able to command higher fees may be numbered if a trusted behemoth like PayPal (PYPL) were to make a deeper dive into the crypto waters. Given PayPal’s recent embrace of cryptocurrencies, a case could be made that the crypto brokerages could be headed for the same “race to zero” faced by stock brokerages many years ago.In any case, I agree with Chanos in that Coinbase’s road ahead doesn’t look half as bright as the road behind it.Cyclical Nature of BitcoinInterest in cryptocurrencies still seems high, given numerous issues at the macro level. The server-breaking popularity of Coinbase’s Super Bowl advertisement was nothing short of remarkable. With Bitcoin and other cryptocurrencies warming up in the latter half of the first quarter, Coinbase stock may have the stage set for a larger relief rally.However, it is important to note that sentiment in the crypto space can change at the drop of a hat. For that reason, it’s tough to value a company like Coinbase, given how heavily its stock can be influenced by external factors that move the broader basket of cryptocurrencies.Bitcoin’s boom and bust nature is nothing new. The next bust is inevitable, and it could be just as violent as past downturns that saw crypto exchange commercials vanish for many months at a time. If the broader crypto markets were to go bust, it would be nearly impossible for Coinbase to avoid a plunge of similar magnitude.Wall Street’s TakeAccording to TipRanks’ analyst rating consensus, COIN stock comes in as a Moderate Buy. Out of 17 analyst ratings, there are 13 Buy recommendations, two Hold recommendations, and two Sell recommendations.The average Coinbase price target is $304.94, implying 62.7% upside potential. Analyst price targets range from a low of $135 per share to a high of $500 per share.Bottom Line on Coinbase StockCoinbase is coming off an incredible year, and Chanos may be right in that the company is “overearning.” Indeed, the low P/E multiple may already reflect such. Though Coinbase may face an uphill battle this year, it remains impossible to gauge how the crypto markets will fare this year, given the crisis unfolding in Ukraine.Further, I wouldn’t discount Coinbase’s ability to resist the fee pressure as rivals loom.Arguably, it already has. My biggest concern is what happens once big-tech fintech rivals with big crypto ambitions begin to move in.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9011114578,"gmtCreate":1648827609660,"gmtModify":1676534406632,"author":{"id":"4109947078502812","authorId":"4109947078502812","name":"wine18","avatar":"https://community-static.tradeup.com/news/59f4bc3d6a36fcfd6ba5c4b8e84f5bc6","vip":1,"hat":"https://static.tigerbbs.com/b073a07f77dbe6b3bec6b12311fde6bd","crmLevel":2,"crmLevelSwitch":0},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9011114578","repostId":1189350738,"repostType":4,"repost":{"id":"1189350738","pubTimestamp":1648824506,"share":"https://www.laohu8.com/m/news/1189350738?lang=&edition=full","pubTime":"2022-04-01 22:48","market":"us","language":"en","title":"Coinbase Stock Could Sink, Short-Seller Takes Aim","url":"https://stock-news.laohu8.com/highlight/detail?id=1189350738","media":"TipRanks","summary":"Shares of popular cryptocurrency exchange platform Coinbase (COIN) have been under more selling pres","content":"<div>\n<p>Shares of popular cryptocurrency exchange platform Coinbase (COIN) have been under more selling pressure. With the broader tech sell-off and renowned short-seller Jim Chanos taking aim at the company,...</p>\n\n<a href=\"https://www.tipranks.com/news/article/coinbase-stock-could-sink-short-seller-takes-aim/\">Web Link</a>\n\n</div>\n","source":"lsy1606183248679","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>Coinbase Stock Could Sink, Short-Seller Takes Aim</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\">\nCoinbase Stock Could Sink, Short-Seller Takes Aim\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-04-01 22:48 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.tipranks.com/news/article/coinbase-stock-could-sink-short-seller-takes-aim/><strong>TipRanks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Shares of popular cryptocurrency exchange platform Coinbase (COIN) have been under more selling pressure. With the broader tech sell-off and renowned short-seller Jim Chanos taking aim at the company,...</p>\n\n<a href=\"https://www.tipranks.com/news/article/coinbase-stock-could-sink-short-seller-takes-aim/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"source_url":"https://www.tipranks.com/news/article/coinbase-stock-could-sink-short-seller-takes-aim/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1189350738","content_text":"Shares of popular cryptocurrency exchange platform Coinbase (COIN) have been under more selling pressure. With the broader tech sell-off and renowned short-seller Jim Chanos taking aim at the company, the perfect storm could be in the works as the stock looks to bottom out and regain its footing.Coinbase stock shed around 58% of its value from peak to trough and is now attempting to move on from its brief plunge just north of $150 per share. Now, it’s never a good idea to be on the receiving end of a short-seller, especially one as famed as Jim Chanos.Although the shorts may be inclined to talk up their book after there’s already a considerable amount of negative momentum behind it, there are potential pitfalls of catching the falling knife that is Coinbase. I am bearish.Jim Chanos Refers to Coinbase as a ‘Bubble Stock‘A few weeks ago, Chanos referred to Coinbase as a “bubble stock.” Indeed, Chanos’ track record speaks for itself. Although Chanos’ alarming statements shouldn’t be taken as gospel, they should cause one to re-evaluate their theses to ensure that the narrative still holds.In prior pieces, I outlined the high risks involved with a name like Coinbase. Although the firm stood out as one of the more intriguing publicly traded ways to play a bet on the crypto markets, the price-to-earnings (P/E) multiple is so depressed for a reason.At 13 times trailing earnings, COIN stock seems like more of a bargain to take advantage of amid the tech-driven sell-off. With a trading frenzy in the rear-view mirror, though, it will be tough to stack up against past quarters now that the risk appetite has plunged.Chanos thinks Coinbase is “overearning” and that increased competition will weigh on the platform’s above-average margins. Just how much fee compression could be in the cards at the hands of rivals? Chanos thinks enough such that the firm “will probably not be profitable this year,”Indeed, I remarked on Coinbase’s loftier fees relative to competitors in past pieces but thought they were somewhat justified, given Coinbase was a more established and trusted presence in the crypto exchange scene.Competition Coming?Relative to the current slate of rivals, I’d argue Coinbase can still justify its loftier fees.That said, Coinbase’s days of being able to command higher fees may be numbered if a trusted behemoth like PayPal (PYPL) were to make a deeper dive into the crypto waters. Given PayPal’s recent embrace of cryptocurrencies, a case could be made that the crypto brokerages could be headed for the same “race to zero” faced by stock brokerages many years ago.In any case, I agree with Chanos in that Coinbase’s road ahead doesn’t look half as bright as the road behind it.Cyclical Nature of BitcoinInterest in cryptocurrencies still seems high, given numerous issues at the macro level. The server-breaking popularity of Coinbase’s Super Bowl advertisement was nothing short of remarkable. With Bitcoin and other cryptocurrencies warming up in the latter half of the first quarter, Coinbase stock may have the stage set for a larger relief rally.However, it is important to note that sentiment in the crypto space can change at the drop of a hat. For that reason, it’s tough to value a company like Coinbase, given how heavily its stock can be influenced by external factors that move the broader basket of cryptocurrencies.Bitcoin’s boom and bust nature is nothing new. The next bust is inevitable, and it could be just as violent as past downturns that saw crypto exchange commercials vanish for many months at a time. If the broader crypto markets were to go bust, it would be nearly impossible for Coinbase to avoid a plunge of similar magnitude.Wall Street’s TakeAccording to TipRanks’ analyst rating consensus, COIN stock comes in as a Moderate Buy. Out of 17 analyst ratings, there are 13 Buy recommendations, two Hold recommendations, and two Sell recommendations.The average Coinbase price target is $304.94, implying 62.7% upside potential. Analyst price targets range from a low of $135 per share to a high of $500 per share.Bottom Line on Coinbase StockCoinbase is coming off an incredible year, and Chanos may be right in that the company is “overearning.” Indeed, the low P/E multiple may already reflect such. Though Coinbase may face an uphill battle this year, it remains impossible to gauge how the crypto markets will fare this year, given the crisis unfolding in Ukraine.Further, I wouldn’t discount Coinbase’s ability to resist the fee pressure as rivals loom.Arguably, it already has. My biggest concern is what happens once big-tech fintech rivals with big crypto ambitions begin to move in.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9011110662,"gmtCreate":1648826755717,"gmtModify":1676534406328,"author":{"id":"3570054700580513","authorId":"3570054700580513","name":"Ezumu","avatar":"https://static.tigerbbs.com/376f19a6fd4e4be2d9304e4751c4eca8","vip":1,"crmLevel":1,"crmLevelSwitch":0},"htmlText":"Xjxjzzjza","listText":"Xjxjzzjza","text":"Xjxjzzjza","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9011110662","repostId":1189350738,"repostType":4,"repost":{"id":"1189350738","pubTimestamp":1648824506,"share":"https://www.laohu8.com/m/news/1189350738?lang=&edition=full","pubTime":"2022-04-01 22:48","market":"us","language":"en","title":"Coinbase Stock Could Sink, Short-Seller Takes Aim","url":"https://stock-news.laohu8.com/highlight/detail?id=1189350738","media":"TipRanks","summary":"Shares of popular cryptocurrency exchange platform Coinbase (COIN) have been under more selling pres","content":"<div>\n<p>Shares of popular cryptocurrency exchange platform Coinbase (COIN) have been under more selling pressure. With the broader tech sell-off and renowned short-seller Jim Chanos taking aim at the company,...</p>\n\n<a href=\"https://www.tipranks.com/news/article/coinbase-stock-could-sink-short-seller-takes-aim/\">Web Link</a>\n\n</div>\n","source":"lsy1606183248679","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>Coinbase Stock Could Sink, Short-Seller Takes Aim</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\">\nCoinbase Stock Could Sink, Short-Seller Takes Aim\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-04-01 22:48 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.tipranks.com/news/article/coinbase-stock-could-sink-short-seller-takes-aim/><strong>TipRanks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Shares of popular cryptocurrency exchange platform Coinbase (COIN) have been under more selling pressure. With the broader tech sell-off and renowned short-seller Jim Chanos taking aim at the company,...</p>\n\n<a href=\"https://www.tipranks.com/news/article/coinbase-stock-could-sink-short-seller-takes-aim/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"source_url":"https://www.tipranks.com/news/article/coinbase-stock-could-sink-short-seller-takes-aim/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1189350738","content_text":"Shares of popular cryptocurrency exchange platform Coinbase (COIN) have been under more selling pressure. With the broader tech sell-off and renowned short-seller Jim Chanos taking aim at the company, the perfect storm could be in the works as the stock looks to bottom out and regain its footing.Coinbase stock shed around 58% of its value from peak to trough and is now attempting to move on from its brief plunge just north of $150 per share. Now, it’s never a good idea to be on the receiving end of a short-seller, especially one as famed as Jim Chanos.Although the shorts may be inclined to talk up their book after there’s already a considerable amount of negative momentum behind it, there are potential pitfalls of catching the falling knife that is Coinbase. I am bearish.Jim Chanos Refers to Coinbase as a ‘Bubble Stock‘A few weeks ago, Chanos referred to Coinbase as a “bubble stock.” Indeed, Chanos’ track record speaks for itself. Although Chanos’ alarming statements shouldn’t be taken as gospel, they should cause one to re-evaluate their theses to ensure that the narrative still holds.In prior pieces, I outlined the high risks involved with a name like Coinbase. Although the firm stood out as one of the more intriguing publicly traded ways to play a bet on the crypto markets, the price-to-earnings (P/E) multiple is so depressed for a reason.At 13 times trailing earnings, COIN stock seems like more of a bargain to take advantage of amid the tech-driven sell-off. With a trading frenzy in the rear-view mirror, though, it will be tough to stack up against past quarters now that the risk appetite has plunged.Chanos thinks Coinbase is “overearning” and that increased competition will weigh on the platform’s above-average margins. Just how much fee compression could be in the cards at the hands of rivals? Chanos thinks enough such that the firm “will probably not be profitable this year,”Indeed, I remarked on Coinbase’s loftier fees relative to competitors in past pieces but thought they were somewhat justified, given Coinbase was a more established and trusted presence in the crypto exchange scene.Competition Coming?Relative to the current slate of rivals, I’d argue Coinbase can still justify its loftier fees.That said, Coinbase’s days of being able to command higher fees may be numbered if a trusted behemoth like PayPal (PYPL) were to make a deeper dive into the crypto waters. Given PayPal’s recent embrace of cryptocurrencies, a case could be made that the crypto brokerages could be headed for the same “race to zero” faced by stock brokerages many years ago.In any case, I agree with Chanos in that Coinbase’s road ahead doesn’t look half as bright as the road behind it.Cyclical Nature of BitcoinInterest in cryptocurrencies still seems high, given numerous issues at the macro level. The server-breaking popularity of Coinbase’s Super Bowl advertisement was nothing short of remarkable. With Bitcoin and other cryptocurrencies warming up in the latter half of the first quarter, Coinbase stock may have the stage set for a larger relief rally.However, it is important to note that sentiment in the crypto space can change at the drop of a hat. For that reason, it’s tough to value a company like Coinbase, given how heavily its stock can be influenced by external factors that move the broader basket of cryptocurrencies.Bitcoin’s boom and bust nature is nothing new. The next bust is inevitable, and it could be just as violent as past downturns that saw crypto exchange commercials vanish for many months at a time. If the broader crypto markets were to go bust, it would be nearly impossible for Coinbase to avoid a plunge of similar magnitude.Wall Street’s TakeAccording to TipRanks’ analyst rating consensus, COIN stock comes in as a Moderate Buy. Out of 17 analyst ratings, there are 13 Buy recommendations, two Hold recommendations, and two Sell recommendations.The average Coinbase price target is $304.94, implying 62.7% upside potential. Analyst price targets range from a low of $135 per share to a high of $500 per share.Bottom Line on Coinbase StockCoinbase is coming off an incredible year, and Chanos may be right in that the company is “overearning.” Indeed, the low P/E multiple may already reflect such. Though Coinbase may face an uphill battle this year, it remains impossible to gauge how the crypto markets will fare this year, given the crisis unfolding in Ukraine.Further, I wouldn’t discount Coinbase’s ability to resist the fee pressure as rivals loom.Arguably, it already has. My biggest concern is what happens once big-tech fintech rivals with big crypto ambitions begin to move in.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9011192219,"gmtCreate":1648825530191,"gmtModify":1676534405943,"author":{"id":"4087620073091560","authorId":"4087620073091560","name":"SteadyDoesIt","avatar":"https://static.tigerbbs.com/ab599edb0711e3b18e0dda8931ea8e4a","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Crypto itself is volatile","listText":"Crypto itself is volatile","text":"Crypto itself is volatile","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9011192219","repostId":1189350738,"repostType":4,"repost":{"id":"1189350738","pubTimestamp":1648824506,"share":"https://www.laohu8.com/m/news/1189350738?lang=&edition=full","pubTime":"2022-04-01 22:48","market":"us","language":"en","title":"Coinbase Stock Could Sink, Short-Seller Takes Aim","url":"https://stock-news.laohu8.com/highlight/detail?id=1189350738","media":"TipRanks","summary":"Shares of popular cryptocurrency exchange platform Coinbase (COIN) have been under more selling pres","content":"<div>\n<p>Shares of popular cryptocurrency exchange platform Coinbase (COIN) have been under more selling pressure. With the broader tech sell-off and renowned short-seller Jim Chanos taking aim at the company,...</p>\n\n<a href=\"https://www.tipranks.com/news/article/coinbase-stock-could-sink-short-seller-takes-aim/\">Web Link</a>\n\n</div>\n","source":"lsy1606183248679","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>Coinbase Stock Could Sink, Short-Seller Takes Aim</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\">\nCoinbase Stock Could Sink, Short-Seller Takes Aim\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-04-01 22:48 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.tipranks.com/news/article/coinbase-stock-could-sink-short-seller-takes-aim/><strong>TipRanks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Shares of popular cryptocurrency exchange platform Coinbase (COIN) have been under more selling pressure. With the broader tech sell-off and renowned short-seller Jim Chanos taking aim at the company,...</p>\n\n<a href=\"https://www.tipranks.com/news/article/coinbase-stock-could-sink-short-seller-takes-aim/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"source_url":"https://www.tipranks.com/news/article/coinbase-stock-could-sink-short-seller-takes-aim/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1189350738","content_text":"Shares of popular cryptocurrency exchange platform Coinbase (COIN) have been under more selling pressure. With the broader tech sell-off and renowned short-seller Jim Chanos taking aim at the company, the perfect storm could be in the works as the stock looks to bottom out and regain its footing.Coinbase stock shed around 58% of its value from peak to trough and is now attempting to move on from its brief plunge just north of $150 per share. Now, it’s never a good idea to be on the receiving end of a short-seller, especially one as famed as Jim Chanos.Although the shorts may be inclined to talk up their book after there’s already a considerable amount of negative momentum behind it, there are potential pitfalls of catching the falling knife that is Coinbase. I am bearish.Jim Chanos Refers to Coinbase as a ‘Bubble Stock‘A few weeks ago, Chanos referred to Coinbase as a “bubble stock.” Indeed, Chanos’ track record speaks for itself. Although Chanos’ alarming statements shouldn’t be taken as gospel, they should cause one to re-evaluate their theses to ensure that the narrative still holds.In prior pieces, I outlined the high risks involved with a name like Coinbase. Although the firm stood out as one of the more intriguing publicly traded ways to play a bet on the crypto markets, the price-to-earnings (P/E) multiple is so depressed for a reason.At 13 times trailing earnings, COIN stock seems like more of a bargain to take advantage of amid the tech-driven sell-off. With a trading frenzy in the rear-view mirror, though, it will be tough to stack up against past quarters now that the risk appetite has plunged.Chanos thinks Coinbase is “overearning” and that increased competition will weigh on the platform’s above-average margins. Just how much fee compression could be in the cards at the hands of rivals? Chanos thinks enough such that the firm “will probably not be profitable this year,”Indeed, I remarked on Coinbase’s loftier fees relative to competitors in past pieces but thought they were somewhat justified, given Coinbase was a more established and trusted presence in the crypto exchange scene.Competition Coming?Relative to the current slate of rivals, I’d argue Coinbase can still justify its loftier fees.That said, Coinbase’s days of being able to command higher fees may be numbered if a trusted behemoth like PayPal (PYPL) were to make a deeper dive into the crypto waters. Given PayPal’s recent embrace of cryptocurrencies, a case could be made that the crypto brokerages could be headed for the same “race to zero” faced by stock brokerages many years ago.In any case, I agree with Chanos in that Coinbase’s road ahead doesn’t look half as bright as the road behind it.Cyclical Nature of BitcoinInterest in cryptocurrencies still seems high, given numerous issues at the macro level. The server-breaking popularity of Coinbase’s Super Bowl advertisement was nothing short of remarkable. With Bitcoin and other cryptocurrencies warming up in the latter half of the first quarter, Coinbase stock may have the stage set for a larger relief rally.However, it is important to note that sentiment in the crypto space can change at the drop of a hat. For that reason, it’s tough to value a company like Coinbase, given how heavily its stock can be influenced by external factors that move the broader basket of cryptocurrencies.Bitcoin’s boom and bust nature is nothing new. The next bust is inevitable, and it could be just as violent as past downturns that saw crypto exchange commercials vanish for many months at a time. If the broader crypto markets were to go bust, it would be nearly impossible for Coinbase to avoid a plunge of similar magnitude.Wall Street’s TakeAccording to TipRanks’ analyst rating consensus, COIN stock comes in as a Moderate Buy. Out of 17 analyst ratings, there are 13 Buy recommendations, two Hold recommendations, and two Sell recommendations.The average Coinbase price target is $304.94, implying 62.7% upside potential. Analyst price targets range from a low of $135 per share to a high of $500 per share.Bottom Line on Coinbase StockCoinbase is coming off an incredible year, and Chanos may be right in that the company is “overearning.” Indeed, the low P/E multiple may already reflect such. Though Coinbase may face an uphill battle this year, it remains impossible to gauge how the crypto markets will fare this year, given the crisis unfolding in Ukraine.Further, I wouldn’t discount Coinbase’s ability to resist the fee pressure as rivals loom.Arguably, it already has. My biggest concern is what happens once big-tech fintech rivals with big crypto ambitions begin to move in.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9011105133,"gmtCreate":1648824625868,"gmtModify":1676534405752,"author":{"id":"3583146312398260","authorId":"3583146312398260","name":"Cloud7","avatar":"https://static.tigerbbs.com/785e6efc4ea126710da4e5f109943a39","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9011105133","repostId":1189350738,"repostType":4,"repost":{"id":"1189350738","pubTimestamp":1648824506,"share":"https://www.laohu8.com/m/news/1189350738?lang=&edition=full","pubTime":"2022-04-01 22:48","market":"us","language":"en","title":"Coinbase Stock Could Sink, Short-Seller Takes Aim","url":"https://stock-news.laohu8.com/highlight/detail?id=1189350738","media":"TipRanks","summary":"Shares of popular cryptocurrency exchange platform Coinbase (COIN) have been under more selling pres","content":"<div>\n<p>Shares of popular cryptocurrency exchange platform Coinbase (COIN) have been under more selling pressure. With the broader tech sell-off and renowned short-seller Jim Chanos taking aim at the company,...</p>\n\n<a href=\"https://www.tipranks.com/news/article/coinbase-stock-could-sink-short-seller-takes-aim/\">Web Link</a>\n\n</div>\n","source":"lsy1606183248679","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>Coinbase Stock Could Sink, Short-Seller Takes Aim</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\">\nCoinbase Stock Could Sink, Short-Seller Takes Aim\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-04-01 22:48 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.tipranks.com/news/article/coinbase-stock-could-sink-short-seller-takes-aim/><strong>TipRanks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Shares of popular cryptocurrency exchange platform Coinbase (COIN) have been under more selling pressure. With the broader tech sell-off and renowned short-seller Jim Chanos taking aim at the company,...</p>\n\n<a href=\"https://www.tipranks.com/news/article/coinbase-stock-could-sink-short-seller-takes-aim/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"source_url":"https://www.tipranks.com/news/article/coinbase-stock-could-sink-short-seller-takes-aim/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1189350738","content_text":"Shares of popular cryptocurrency exchange platform Coinbase (COIN) have been under more selling pressure. With the broader tech sell-off and renowned short-seller Jim Chanos taking aim at the company, the perfect storm could be in the works as the stock looks to bottom out and regain its footing.Coinbase stock shed around 58% of its value from peak to trough and is now attempting to move on from its brief plunge just north of $150 per share. Now, it’s never a good idea to be on the receiving end of a short-seller, especially one as famed as Jim Chanos.Although the shorts may be inclined to talk up their book after there’s already a considerable amount of negative momentum behind it, there are potential pitfalls of catching the falling knife that is Coinbase. I am bearish.Jim Chanos Refers to Coinbase as a ‘Bubble Stock‘A few weeks ago, Chanos referred to Coinbase as a “bubble stock.” Indeed, Chanos’ track record speaks for itself. Although Chanos’ alarming statements shouldn’t be taken as gospel, they should cause one to re-evaluate their theses to ensure that the narrative still holds.In prior pieces, I outlined the high risks involved with a name like Coinbase. Although the firm stood out as one of the more intriguing publicly traded ways to play a bet on the crypto markets, the price-to-earnings (P/E) multiple is so depressed for a reason.At 13 times trailing earnings, COIN stock seems like more of a bargain to take advantage of amid the tech-driven sell-off. With a trading frenzy in the rear-view mirror, though, it will be tough to stack up against past quarters now that the risk appetite has plunged.Chanos thinks Coinbase is “overearning” and that increased competition will weigh on the platform’s above-average margins. Just how much fee compression could be in the cards at the hands of rivals? Chanos thinks enough such that the firm “will probably not be profitable this year,”Indeed, I remarked on Coinbase’s loftier fees relative to competitors in past pieces but thought they were somewhat justified, given Coinbase was a more established and trusted presence in the crypto exchange scene.Competition Coming?Relative to the current slate of rivals, I’d argue Coinbase can still justify its loftier fees.That said, Coinbase’s days of being able to command higher fees may be numbered if a trusted behemoth like PayPal (PYPL) were to make a deeper dive into the crypto waters. Given PayPal’s recent embrace of cryptocurrencies, a case could be made that the crypto brokerages could be headed for the same “race to zero” faced by stock brokerages many years ago.In any case, I agree with Chanos in that Coinbase’s road ahead doesn’t look half as bright as the road behind it.Cyclical Nature of BitcoinInterest in cryptocurrencies still seems high, given numerous issues at the macro level. The server-breaking popularity of Coinbase’s Super Bowl advertisement was nothing short of remarkable. With Bitcoin and other cryptocurrencies warming up in the latter half of the first quarter, Coinbase stock may have the stage set for a larger relief rally.However, it is important to note that sentiment in the crypto space can change at the drop of a hat. For that reason, it’s tough to value a company like Coinbase, given how heavily its stock can be influenced by external factors that move the broader basket of cryptocurrencies.Bitcoin’s boom and bust nature is nothing new. The next bust is inevitable, and it could be just as violent as past downturns that saw crypto exchange commercials vanish for many months at a time. If the broader crypto markets were to go bust, it would be nearly impossible for Coinbase to avoid a plunge of similar magnitude.Wall Street’s TakeAccording to TipRanks’ analyst rating consensus, COIN stock comes in as a Moderate Buy. Out of 17 analyst ratings, there are 13 Buy recommendations, two Hold recommendations, and two Sell recommendations.The average Coinbase price target is $304.94, implying 62.7% upside potential. Analyst price targets range from a low of $135 per share to a high of $500 per share.Bottom Line on Coinbase StockCoinbase is coming off an incredible year, and Chanos may be right in that the company is “overearning.” Indeed, the low P/E multiple may already reflect such. Though Coinbase may face an uphill battle this year, it remains impossible to gauge how the crypto markets will fare this year, given the crisis unfolding in Ukraine.Further, I wouldn’t discount Coinbase’s ability to resist the fee pressure as rivals loom.Arguably, it already has. My biggest concern is what happens once big-tech fintech rivals with big crypto ambitions begin to move in.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":215,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}