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Bullshit ! He knw nothing !

Dolev raised his price target on Coinbase stock to $145 from $84 but maintained his Sell rating on the shares.

Coinbase stock closed at $263.01 on Thursday.

Coinbase Gets a Huge Price Target Boost - but This Analyst Says the Stock Is Still a Sell

Coinbase Global got a huge price target boost on Friday, but the analyst -- a longtime bear on the cryptocurrency broker -- says the stock remains a Sell. It's still a good sign ahead of the company's next earnings release."HODLers win the quarter," Mizuho analyst Dan Dolev wrote in a Friday note on Coinbase, referring to the crypto slang for holding on for dear life. Dolev raised his price target on Coinbase stock to $145 from $84 but maintained his Sell rating on the shares. Coinbase stock closed at $263.01 on Thursday, up more than 50% so far this year."Strong spot volumes post-Bitcoin ETF launch -- especially in alt-coins -- could drive nearly 40% upside to [first quarter] consensus revenue, as high-margin retail investors are drawn into a rising crypto price environment," Dolev wrote.

Coinbase Gets a Huge Price Target Boost - but This Analyst Says the Stock Is Still a Sell

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He knw nothing !&nbsp;</p>\n<p>Dolev raised his price target on Coinbase stock to $145 from $84 but maintained his Sell rating on the shares.&nbsp;<br></p>\n<p>Coinbase stock closed at $263.01 on Thursday.</p></body></html>","htmlText":"<html><head></head><body><p>Bullshit ! He knw nothing !&nbsp;</p>\n<p>Dolev raised his price target on Coinbase stock to $145 from $84 but maintained his Sell rating on the shares.&nbsp;<br></p>\n<p>Coinbase stock closed at $263.01 on Thursday.</p></body></html>","text":"Bullshit ! He knw nothing ! Dolev raised his price target on Coinbase stock to $145 from $84 but maintained his Sell rating on the shares. Coinbase stock closed at $263.01 on Thursday.","highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/294530214768784","repostId":2426078534,"repostType":4,"repost":{"id":"2426078534","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1712922615,"share":"https://www.laohu8.com/m/news/2426078534?lang=&edition=full","pubTime":"2024-04-12 19:50","market":"other","language":"en","title":"Coinbase Gets a Huge Price Target Boost - but This Analyst Says the Stock Is Still a Sell","url":"https://stock-news.laohu8.com/highlight/detail?id=2426078534","media":"Dow Jones","summary":"Coinbase Global got a huge price target boost on Friday, but the analyst -- a longtime bear on the cryptocurrency broker -- says the stock remains a Sell. It's still a good sign ahead of the company's next earnings release.\"HODLers win the quarter,\" Mizuho analyst Dan Dolev wrote in a Friday note on Coinbase, referring to the crypto slang for holding on  for dear life. Dolev raised his price target on Coinbase stock to $145 from $84 but maintained his Sell rating on the shares. Coinbase stock closed at $263.01 on Thursday, up more than 50% so far this year.\"Strong spot volumes post-Bitcoin ETF launch -- especially in alt-coins -- could drive nearly 40% upside to [first quarter] consensus revenue, as high-margin retail investors are drawn into a rising crypto price environment,\" Dolev wrote.","content":"<html><head></head><body><p><a href=\"https://laohu8.com/S/COIN\">Coinbase Global</a> got a huge price target boost on Friday, but the analyst -- a longtime bear on the cryptocurrency broker -- says the stock remains a Sell. It&#39;s still a good sign ahead of the company&#39;s next earnings release.</p><p>&#34;HODLers win the quarter,&#34; Mizuho analyst Dan Dolev wrote in a Friday note on Coinbase, referring to the crypto slang for holding on (to assets) for dear life. Dolev raised his price target on Coinbase stock to $145 from $84 but maintained his Sell rating on the shares. Coinbase stock closed at $263.01 on Thursday, up more than 50% so far this year.</p><p>The cause for Dolev&#39;s -- somewhat begrudging -- optimism is the trading frenzy that has ensued since U.S. approval in January of spot Bitcoin exchange-traded funds (ETFs), which have seen billions of dollars of inflows and a renewed interest in crypto.</p><p>Since a core part of Coinbase&#39;s business remains charging fees for crypto trades, a new flurry of activity should have a direct positive impact on revenue. Dolev noted that Coinbase&#39;s average daily trading volumes rose to $3.3 billion in the first quarter of 2024 from below $2 billion last October.</p><p>&#34;Strong spot volumes post-Bitcoin ETF launch -- especially in alt-coins -- could drive nearly 40% upside to [first quarter] consensus revenue, as high-margin retail investors are drawn into a rising crypto price environment,&#34; Dolev wrote.</p><p>The current consensus among analysts surveyed by FactSet is that Coinbase will post first-quarter revenue of $22.9 billion, so by Mizuho&#39;s forecast that number could be well above $30 billion.</p><p>&#34;Although we are raising estimates amid a favorable near-term setup, our long-term fundamental concerns remain,&#34; Dolev added.</p><p>Mizuho has long been negative on Coinbase, and Dolev reiterated some of his lingering concerns. These include pressure on fees from competition, a reliance on &#34;lower-quality and cyclical revenue&#34; from trading in smaller tokens and services like staking -- the subject of a battle with the Securities and Exchange Commission.</p><p>There&#39;s also the question of valuation. &#34;Despite favorable near-term setup, we can&#39;t turn a blind eye to rich valuation,&#34; Dolev wrote. &#34;Coinbase is currently trading at a lofty 26x 2025 consensus [earnings before interest, taxes, depreciation, and amortization&#39; multiple. This is well above the 11-16x median for peers in payments, exchanges, and asset managers.&#34;</p><p>Dolev&#39;s skepticism around Coinbase&#39;s valuation is worthwhile -- in part because it&#39;s apparent that the stock does not really trade in line with fundamentals. As Coinbase&#39;s chief financial officer, Alesia Haas, told Barron&#39;s earlier this year, &#34;when our stock rallies, it is a reflection of the broader sentiment around the future of crypto more than a reflection of Coinbase financials or our near-term financial performance.&#34;</p></body></html>","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 Gets a Huge Price Target Boost - but This Analyst Says the Stock Is Still a Sell</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 Gets a Huge Price Target Boost - but This Analyst Says the Stock Is Still a Sell\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2024-04-12 19:50</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p><a href=\"https://laohu8.com/S/COIN\">Coinbase Global</a> got a huge price target boost on Friday, but the analyst -- a longtime bear on the cryptocurrency broker -- says the stock remains a Sell. It&#39;s still a good sign ahead of the company&#39;s next earnings release.</p><p>&#34;HODLers win the quarter,&#34; Mizuho analyst Dan Dolev wrote in a Friday note on Coinbase, referring to the crypto slang for holding on (to assets) for dear life. Dolev raised his price target on Coinbase stock to $145 from $84 but maintained his Sell rating on the shares. Coinbase stock closed at $263.01 on Thursday, up more than 50% so far this year.</p><p>The cause for Dolev&#39;s -- somewhat begrudging -- optimism is the trading frenzy that has ensued since U.S. approval in January of spot Bitcoin exchange-traded funds (ETFs), which have seen billions of dollars of inflows and a renewed interest in crypto.</p><p>Since a core part of Coinbase&#39;s business remains charging fees for crypto trades, a new flurry of activity should have a direct positive impact on revenue. Dolev noted that Coinbase&#39;s average daily trading volumes rose to $3.3 billion in the first quarter of 2024 from below $2 billion last October.</p><p>&#34;Strong spot volumes post-Bitcoin ETF launch -- especially in alt-coins -- could drive nearly 40% upside to [first quarter] consensus revenue, as high-margin retail investors are drawn into a rising crypto price environment,&#34; Dolev wrote.</p><p>The current consensus among analysts surveyed by FactSet is that Coinbase will post first-quarter revenue of $22.9 billion, so by Mizuho&#39;s forecast that number could be well above $30 billion.</p><p>&#34;Although we are raising estimates amid a favorable near-term setup, our long-term fundamental concerns remain,&#34; Dolev added.</p><p>Mizuho has long been negative on Coinbase, and Dolev reiterated some of his lingering concerns. These include pressure on fees from competition, a reliance on &#34;lower-quality and cyclical revenue&#34; from trading in smaller tokens and services like staking -- the subject of a battle with the Securities and Exchange Commission.</p><p>There&#39;s also the question of valuation. &#34;Despite favorable near-term setup, we can&#39;t turn a blind eye to rich valuation,&#34; Dolev wrote. &#34;Coinbase is currently trading at a lofty 26x 2025 consensus [earnings before interest, taxes, depreciation, and amortization&#39; multiple. This is well above the 11-16x median for peers in payments, exchanges, and asset managers.&#34;</p><p>Dolev&#39;s skepticism around Coinbase&#39;s valuation is worthwhile -- in part because it&#39;s apparent that the stock does not really trade in line with fundamentals. As Coinbase&#39;s chief financial officer, Alesia Haas, told Barron&#39;s earlier this year, &#34;when our stock rallies, it is a reflection of the broader sentiment around the future of crypto more than a reflection of Coinbase financials or our near-term financial performance.&#34;</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4535":"淡马锡持仓","LU2237443549.SGD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A MIncA SGD-H","BK4585":"ETF&股票定投概念","COIN":"Coinbase Global, Inc.","LU2237443622.USD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A Acc USD","LU1267930227.SGD":"TEMPLETON GLOBAL BALANCED \"AS\" (SGD) ACC A","LU2237443978.SGD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A Acc SGD-H","LU0128525689.USD":"TEMPLETON GLOBAL BALANCED \"A\"(USD) ACC","LU0310799852.SGD":"FTIF - Templeton Global Equity Income A MDIS SGD","BK4207":"综合性银行","BK4551":"寇图资本持仓","LU0310800965.SGD":"FTIF - Templeton Global Balanced A Acc SGD","BK4155":"大卖场与超市","BK4504":"桥水持仓","LU2237443382.USD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A MIncA USD","BK4112":"金融交易所和数据","LU1244550221.USD":"FRANKLIN GLOBAL MULTI-ASSET  INCOME \"A\" (USDHEDGED) INC (M)","LU0823411888.USD":"法巴消费创新基金 Cap","LU1267930490.SGD":"TEMPLETON GLOBAL EQUITY INCOME \"AS\" (SGD) INC A","LU1861558580.USD":"日兴方舟颠覆性创新基金B","LU1244550577.SGD":"FTIF - Franklin Global Multi-Asset Income A (Mdis) SGD-H1","LU0211327993.USD":"TEMPLETON GLOBAL EQUITY INCOME \"A\" (USD) ACC","BK4539":"次新股","BK4554":"元宇宙及AR概念","BK4532":"文艺复兴科技持仓","LU1244550494.USD":"FRANKLIN GLOBAL MULTI-ASSET INCOME \"A\" (USDHEDGED) ACC","BK4588":"碎股","LU0211328371.USD":"TEMPLETON GLOBAL EQUITY INCOME \"A\" (MDIS) (USD)   INC","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4595":"比特币概念","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","LU0052756011.USD":"TEMPLETON GLOBAL BALANCED \"A\" (USD) INC","BK4114":"综合货品商店"},"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2426078534","content_text":"Coinbase Global got a huge price target boost on Friday, but the analyst -- a longtime bear on the cryptocurrency broker -- says the stock remains a Sell. It's still a good sign ahead of the company's next earnings release.\"HODLers win the quarter,\" Mizuho analyst Dan Dolev wrote in a Friday note on Coinbase, referring to the crypto slang for holding on (to assets) for dear life. Dolev raised his price target on Coinbase stock to $145 from $84 but maintained his Sell rating on the shares. Coinbase stock closed at $263.01 on Thursday, up more than 50% so far this year.The cause for Dolev's -- somewhat begrudging -- optimism is the trading frenzy that has ensued since U.S. approval in January of spot Bitcoin exchange-traded funds (ETFs), which have seen billions of dollars of inflows and a renewed interest in crypto.Since a core part of Coinbase's business remains charging fees for crypto trades, a new flurry of activity should have a direct positive impact on revenue. Dolev noted that Coinbase's average daily trading volumes rose to $3.3 billion in the first quarter of 2024 from below $2 billion last October.\"Strong spot volumes post-Bitcoin ETF launch -- especially in alt-coins -- could drive nearly 40% upside to [first quarter] consensus revenue, as high-margin retail investors are drawn into a rising crypto price environment,\" Dolev wrote.The current consensus among analysts surveyed by FactSet is that Coinbase will post first-quarter revenue of $22.9 billion, so by Mizuho's forecast that number could be well above $30 billion.\"Although we are raising estimates amid a favorable near-term setup, our long-term fundamental concerns remain,\" Dolev added.Mizuho has long been negative on Coinbase, and Dolev reiterated some of his lingering concerns. These include pressure on fees from competition, a reliance on \"lower-quality and cyclical revenue\" from trading in smaller tokens and services like staking -- the subject of a battle with the Securities and Exchange Commission.There's also the question of valuation. \"Despite favorable near-term setup, we can't turn a blind eye to rich valuation,\" Dolev wrote. \"Coinbase is currently trading at a lofty 26x 2025 consensus [earnings before interest, taxes, depreciation, and amortization' multiple. This is well above the 11-16x median for peers in payments, exchanges, and asset managers.\"Dolev's skepticism around Coinbase's valuation is worthwhile -- in part because it's apparent that the stock does not really trade in line with fundamentals. As Coinbase's chief financial officer, Alesia Haas, told Barron's earlier this year, \"when our stock rallies, it is a reflection of the broader sentiment around the future of crypto more than a reflection of Coinbase financials or our near-term financial performance.\"","news_type":1},"isVote":1,"tweetType":1,"viewCount":187,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":["COIN"],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":152,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}