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Coinbase Shares Have Potential for Almost 30% Upside, Analyst Says — CoinDesk

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September 28, 2021
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Coinbase Shares Have Potential for Almost 30% Upside, Analyst Says — CoinDesk
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“While we do not expect COIN shares to move in a straight line, we see material upside that compensates for the inherent risk, and with the stock trading at just 6.0x EV/2023E revenue (compared to a number of other high-growth, leading brand FinTechs trading closer to ~10x and above), we believe the risk/reward in shares is compelling, with additional optionality to the upside as the business model iterates into new areas that the market is currently not even contemplating.”



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