$Coinbase Global, Inc.(COIN)$ The high PE is due to ONE quarter of positive earnings last year so for 2023 it made very little HOWEVER it is 2024 and we move forward with consistent positive earnings. Even if they only make $2 this quarter and build on that for 2024 lwe should see $8-$10 with a forward multiple of 50–100 Even at 50, this is a $400 stock. I’m thinking we could see $10-$12 with 75-100 PE end of 2024 This is a BUY

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.

Report

Comment

  • Top
  • Latest
empty
No comments yet