To The Moon

1. Will $Coinbase Global, Inc.(COIN)$ Show More Promising Price Recovery?

$Coinbase Global, Inc.(COIN)$ after news that the U.S. Federal Court of Appeals ruled that the SEC wrongly denied Grayscale's application for a spot bitcoin ETF. $Coinbase Global, Inc.(COIN)$ is also back above the 50 and 200 EMA on a daily basis.

2. Does $Coinbase Global, Inc.(COIN)$ Worthy and Cheap?

• Earnings: $Coinbase Global, Inc.(COIN)$ reported $707.9 million in revenue for the quarter ended June 2023, representing a surprise of +10.65% compared to the estimate. EPS of -$0.42 for the same period compares to -$4.95 a year ago, but delivered an EPS surprise of +46.15%, with the consensus EPS estimate being -$0.78.

• Risk: $Coinbase Global, Inc.(COIN)$ still facing a lawsuit from the SEC regarding selling unregistered securities.

• Valuation: According to $Coinbase Global, Inc.(COIN)$ 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -10.4054. At the end of 2021 the company had a P/E ratio of 14.7.

• YTD 2023: $Coinbase Global, Inc.(COIN)$ has experienced a 14.06% weekly gain and a 3-month gain of 18.38%. The YTD 2023 is 139.33%.

• Target Price From Tigertrade: Based on 21 Wall Street analysts offering 12 month price targets for $Coinbase Global, Inc.(COIN)$in the last 3 months. The average price target is $91.57 with a high forecast of $200 and a low forecast of $27.00. The average price target represents a 8.11% change from the last price of $84.70.

3. More Discussions on $Coinbase Global, Inc.(COIN)$

@Larry Thompson: $Coinbase Global, Inc.(COIN)$ - Against $80 would be where I would manage risk.

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@Alpha Investor: Crypto in general were strong on Tuesday due to the news that acted as catalyst about spot Bitcoin ETF. $Coinbase Global, Inc.(COIN)$ here is a great stage 2 breakout setup. It can double from here by the end of next year, there is no overhead resistance. Volume is missing right now, it must close at this level next two weeks at least. Institutional investors can take this to the next level up to $160.

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@EWF Hassan on X platform, $Coinbase Global, Inc.(COIN)$ structure shows losses to come in cryptocurrencies. Currently, wave 1 is ended.

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4. Question for Tigers（All valid and top 10 most popular stocks will be rewarded by Tiger Coins)

• Do you think the price of $Coinbase Global, Inc.(COIN)$ will go up? Why and What’s your target price?

• Any other stocks are shaping the same pattern? $Marathon Digital Holdings Inc(MARA)$ ？

  

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