Why Coinbase's Upside Could Be Immense, With A Price Target Of $500_老虎社区_美港股上老虎

Why Coinbase's Upside Could Be Immense, With A Price Target Of $500

Benzinga2021-04-16

One of most anticipated IPOs of 2021 took place Wednesday with Coinbase Global hitting the public markets. The cryptocurrency exchange companyopenedfor trading at $381 a share. An analyst believes shares can go much higher than Wednesday’s opening price.

The Coinbase Analyst:BTIG analyst Mark Palmer initiated shares of Coinbase with a Buy rating and $500 price target.

The Analyst Takeaways: Palmer called Coinbase the gold standard among digital asset exchanges.

Coinbase is seeing rapid growth as the crypto ecosystem expands and its increased use is a tailwind for the company going forward.

“We believe COIN, the most popular consumer-facing cryptocurrency exchange in the U.S., is positioned to be a primary beneficiary of the increased adoption of Bitcoin and other digital assets as it continues to scale in the U.S. and internationally,” Palmer said.

Coinbase reported revenue of $1.8 billion for the first quarter, which was more than its entire fiscal 2020. One concern was the company’s cautious tone that the first-quarter results shouldn’t be viewed as a representation of its run rate.

“We believe they demonstrated the platform’s ability to generate explosive growth,” the analyst noted.

Another concern for Coinbase is its dependence on transaction fees (96% of 2020 revenue), which could make the company volatile to the crypto markets. The analyst said Coinbase is diversifying its revenue stream.

Coinbase reported an 11.3% market share for the amount of the world’s crypto assets held in the first quarter. “This market share is at the core of our bullish thesis on COIN, the company’s upside could be immense,” Palmer said

The $500 price target is based on a multiple of 16x estimated fiscal 2024 revenue of $8.2 billion. The analyst estimates Coinbase to report revenue of $6.1 billion in fiscal 2021 and $6.3 billion in fiscal 2022.

“We believe COIN should be regarded as a market leader in a category characterized by rapid and apparently sustainable growth driven by significant changes in consumers’ behaviors and their adoption of new technology,” the analyst said, adding that there are other comparable category leaders such as Zoom Video Communications Inc,Tesla Inc and Snowflake Inc.

COIN Price Action:Shares of Coinbase are down 1.68% to $322.75 on Thursday.

免责声明：本文观点仅代表作者个人观点，不构成本平台的投资建议，本平台不对文章信息准确性、完整性和及时性做出任何保证，亦不对因使用或信赖文章信息引发的任何损失承担责任。

joechill
·2021-04-16
Great
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TradeOptions
·2021-04-16
Will this stock have options?
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Kalllll
·2021-04-16
Nice
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Wangal
·2021-04-16
🌙
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Edithlo
·2021-04-16
Will hold till then
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Fujisan
·2021-04-16
Time to buy some coinbase
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weewaaweewaa
·2021-04-16
This would make its market cap unrealistic in comparison to other companies but what do I know
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1
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AnthonyC
·2021-04-16
Like and comment please!
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2
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- Jittertude:
  ok
  2021-04-16
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- Shoki:
  Good!
  2021-04-16
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Alex96
·2021-04-16
Better buy btc
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2
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Crappybara
·2021-04-16
Everyone FOMOHODL 💎🙌🏼🚀
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1
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Jstan
·2021-04-16
FOMO
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1
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Eljin
·2021-04-16
cool
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Jo5tarz
·2021-04-16
Don't say 500, now existing price is even lower than IPO price [捂脸]
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3
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chongyeetan
·2021-04-16
like n comment pls. thk q.
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3
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- AnthonyC:
  Done
  2021-04-16
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- chongyeetan:
  👍
  2021-04-16
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Hayz
·2021-04-16
I think COIN will hit $400 next month as funds load up...and retailers understand the full scope of their business... comments?
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1
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- Lynny:
  Its going to be massively volatile In the next months i feel, reflecting crypto prices.
  2021-04-16
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Ychwee
·2021-04-16
Just buy BTC
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1
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- Jo5tarz:
  go go go
  2021-04-16
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- chanfw:
  Yup
  2021-04-16
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- SThang:
  Lol good point
  2021-04-16
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Darrentay
·2021-04-16
Wah
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1
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Ghossstsam
·2021-04-16
Comment
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2
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- kokkeong:
  Ok
  2021-04-16
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HCLim
·2021-04-16
Time to buy some
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2
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Zarkness
·2021-04-16
Need like and comments. Thanks traders! Good luck for you 🌈🍀
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5
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- Nzt48:
  Done
  2021-04-16
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- Zarkness:
  Thanks nzt48. GL for u 😊
  2021-04-16
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The cryptocurrency exchange companyopenedfor trading at $381 a share. An analyst believes ...</p>\n\n<a href=\"None\">网页链接</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":null,"article_id":"1160288453","we_media_id":"1052270027","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1160288453","pubTimestamp":1618540779,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Benzinga","introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"summary":"One of most anticipated IPOs of 2021 took place Wednesday with Coinbase Global hitting the public ma","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"COIN":"Coinbase Global, Inc."},"translate_title":"为什么Coinbase的上涨空间是巨大的，目标价格是500美元","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"COIN":0.9},"content_text":"One of most anticipated IPOs of 2021 took place Wednesday with Coinbase Global hitting the public markets. The cryptocurrency exchange companyopenedfor trading at $381 a share. An analyst believes shares can go much higher than Wednesday’s opening price.\nThe Coinbase Analyst:BTIG analyst Mark Palmer initiated shares of Coinbase with a Buy rating and $500 price target.\nThe Analyst Takeaways: Palmer called Coinbase the gold standard among digital asset exchanges.\nCoinbase is seeing rapid growth as the crypto ecosystem expands and its increased use is a tailwind for the company going forward.\n“We believe COIN, the most popular consumer-facing cryptocurrency exchange in the U.S., is positioned to be a primary beneficiary of the increased adoption of Bitcoin and other digital assets as it continues to scale in the U.S. and internationally,” Palmer said.\nCoinbase reported revenue of $1.8 billion for the first quarter, which was more than its entire fiscal 2020. 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The analyst estimates Coinbase to report revenue of $6.1 billion in fiscal 2021 and $6.3 billion in fiscal 2022.\n“We believe COIN should be regarded as a market leader in a category characterized by rapid and apparently sustainable growth driven by significant changes in consumers’ behaviors and their adoption of new technology,” the analyst said, adding that there are other comparable category leaders such as Zoom Video Communications Inc,Tesla Inc and Snowflake Inc.\nCOIN Price Action:Shares of Coinbase are down 1.68% to $322.75 on Thursday.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":370134307,"gmtCreate":1618561457009,"gmtModify":1634292073193,"author":{"id":"3575808212091665","authorId":"3575808212091665","name":"joechill","avatar":"https://static.tigerbbs.com/2f2d8cb6ee2d0d6e3f378e806e934ec0","vip":1,"crmLevel":3,"crmLevelSwitch":0,"authorIdStr":"3575808212091665","idStr":"3575808212091665"},"htmlText":"Great","listText":"Great","text":"Great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/370134307","repostId":1160288453,"repostType":4,"repost":{"id":"1160288453","kind":"news","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1618540779,"share":"https://www.laohu8.com/m/news/1160288453?lang=&edition=full","pubTime":"2021-04-16 10:39","market":"us","language":"en","title":"Why Coinbase's Upside Could Be Immense, With A Price Target Of $500","url":"https://stock-news.laohu8.com/highlight/detail?id=1160288453","media":"Benzinga","summary":"One of most anticipated IPOs of 2021 took place Wednesday with Coinbase Global hitting the public ma","content":"<p>One of most anticipated IPOs of 2021 took place Wednesday with&nbsp;<b>Coinbase Global</b>&nbsp;hitting the public markets. The cryptocurrency exchange companyopenedfor trading at $381 a share. An analyst believes shares can go much higher than Wednesday’s opening price.</p>\n<p><b>The Coinbase Analyst:</b>BTIG analyst Mark Palmer initiated&nbsp;shares of Coinbase with a Buy rating and $500 price target.</p>\n<p><b>The Analyst Takeaways:</b>&nbsp;Palmer called Coinbase&nbsp;the gold standard among digital asset exchanges.</p>\n<p>Coinbase is seeing rapid growth as the crypto ecosystem expands and its increased use is a tailwind for the company going forward.</p>\n<p>“We believe COIN, the most popular consumer-facing cryptocurrency exchange in the U.S., is positioned to be a primary beneficiary of the increased adoption of Bitcoin and other digital assets as it continues to scale in the U.S. and internationally,” Palmer said.</p>\n<p>Coinbase reported revenue of $1.8 billion for the first quarter, which was more than its entire fiscal 2020. One concern was the company’s cautious tone that the first-quarter results shouldn’t be viewed as a representation of its run rate.</p>\n<p>“We believe they demonstrated the platform’s ability to generate explosive growth,” the analyst noted.</p>\n<p>Another concern for Coinbase is its dependence on transaction fees (96% of 2020 revenue), which could make the company volatile to the crypto markets. The analyst said Coinbase is diversifying its revenue stream.</p>\n<p>Coinbase reported an 11.3% market share for the amount of the world’s crypto assets held in the first quarter. “This market share is at the core of our bullish thesis on COIN, the company’s upside could be immense,” Palmer said</p>\n<p>The $500 price target is based on a multiple of 16x estimated fiscal 2024 revenue of $8.2 billion. The analyst estimates Coinbase to report revenue of $6.1 billion in fiscal 2021 and $6.3 billion in fiscal 2022.</p>\n<p>“We believe COIN should be regarded as a market leader in a category characterized by rapid and apparently sustainable growth driven by significant changes in consumers’ behaviors and their adoption of new technology,” the analyst said, adding that there are other comparable category leaders such as&nbsp;<b>Zoom Video Communications Inc</b>,<b>Tesla Inc</b>&nbsp;and&nbsp;<b>Snowflake Inc</b>.</p>\n<p><b>COIN Price Action:</b>Shares of Coinbase are down 1.68% to $322.75 on&nbsp;Thursday.</p>","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>Why Coinbase's Upside Could Be Immense, With A Price Target Of $500</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\">\nWhy Coinbase's Upside Could Be Immense, With A Price Target Of $500\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/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2021-04-16 10:39</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p>One of most anticipated IPOs of 2021 took place Wednesday with&nbsp;<b>Coinbase Global</b>&nbsp;hitting the public markets. The cryptocurrency exchange companyopenedfor trading at $381 a share. An analyst believes shares can go much higher than Wednesday’s opening price.</p>\n<p><b>The Coinbase Analyst:</b>BTIG analyst Mark Palmer initiated&nbsp;shares of Coinbase with a Buy rating and $500 price target.</p>\n<p><b>The Analyst Takeaways:</b>&nbsp;Palmer called Coinbase&nbsp;the gold standard among digital asset exchanges.</p>\n<p>Coinbase is seeing rapid growth as the crypto ecosystem expands and its increased use is a tailwind for the company going forward.</p>\n<p>“We believe COIN, the most popular consumer-facing cryptocurrency exchange in the U.S., is positioned to be a primary beneficiary of the increased adoption of Bitcoin and other digital assets as it continues to scale in the U.S. and internationally,” Palmer said.</p>\n<p>Coinbase reported revenue of $1.8 billion for the first quarter, which was more than its entire fiscal 2020. One concern was the company’s cautious tone that the first-quarter results shouldn’t be viewed as a representation of its run rate.</p>\n<p>“We believe they demonstrated the platform’s ability to generate explosive growth,” the analyst noted.</p>\n<p>Another concern for Coinbase is its dependence on transaction fees (96% of 2020 revenue), which could make the company volatile to the crypto markets. The analyst said Coinbase is diversifying its revenue stream.</p>\n<p>Coinbase reported an 11.3% market share for the amount of the world’s crypto assets held in the first quarter. “This market share is at the core of our bullish thesis on COIN, the company’s upside could be immense,” Palmer said</p>\n<p>The $500 price target is based on a multiple of 16x estimated fiscal 2024 revenue of $8.2 billion. The analyst estimates Coinbase to report revenue of $6.1 billion in fiscal 2021 and $6.3 billion in fiscal 2022.</p>\n<p>“We believe COIN should be regarded as a market leader in a category characterized by rapid and apparently sustainable growth driven by significant changes in consumers’ behaviors and their adoption of new technology,” the analyst said, adding that there are other comparable category leaders such as&nbsp;<b>Zoom Video Communications Inc</b>,<b>Tesla Inc</b>&nbsp;and&nbsp;<b>Snowflake Inc</b>.</p>\n<p><b>COIN Price Action:</b>Shares of Coinbase are down 1.68% to $322.75 on&nbsp;Thursday.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1160288453","content_text":"One of most anticipated IPOs of 2021 took place Wednesday with Coinbase Global hitting the public markets. The cryptocurrency exchange companyopenedfor trading at $381 a share. An analyst believes shares can go much higher than Wednesday’s opening price.\nThe Coinbase Analyst:BTIG analyst Mark Palmer initiated shares of Coinbase with a Buy rating and $500 price target.\nThe Analyst Takeaways: Palmer called Coinbase the gold standard among digital asset exchanges.\nCoinbase is seeing rapid growth as the crypto ecosystem expands and its increased use is a tailwind for the company going forward.\n“We believe COIN, the most popular consumer-facing cryptocurrency exchange in the U.S., is positioned to be a primary beneficiary of the increased adoption of Bitcoin and other digital assets as it continues to scale in the U.S. and internationally,” Palmer said.\nCoinbase reported revenue of $1.8 billion for the first quarter, which was more than its entire fiscal 2020. One concern was the company’s cautious tone that the first-quarter results shouldn’t be viewed as a representation of its run rate.\n“We believe they demonstrated the platform’s ability to generate explosive growth,” the analyst noted.\nAnother concern for Coinbase is its dependence on transaction fees (96% of 2020 revenue), which could make the company volatile to the crypto markets. The analyst said Coinbase is diversifying its revenue stream.\nCoinbase reported an 11.3% market share for the amount of the world’s crypto assets held in the first quarter. “This market share is at the core of our bullish thesis on COIN, the company’s upside could be immense,” Palmer said\nThe $500 price target is based on a multiple of 16x estimated fiscal 2024 revenue of $8.2 billion. The analyst estimates Coinbase to report revenue of $6.1 billion in fiscal 2021 and $6.3 billion in fiscal 2022.\n“We believe COIN should be regarded as a market leader in a category characterized by rapid and apparently sustainable growth driven by significant changes in consumers’ behaviors and their adoption of new technology,” the analyst said, adding that there are other comparable category leaders such as Zoom Video Communications Inc,Tesla Inc and Snowflake Inc.\nCOIN Price Action:Shares of Coinbase are down 1.68% to $322.75 on Thursday.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":370320837,"gmtCreate":1618554019729,"gmtModify":1634292112862,"author":{"id":"3575180527964069","authorId":"3575180527964069","name":"TradeOptions","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":4,"crmLevelSwitch":0,"authorIdStr":"3575180527964069","idStr":"3575180527964069"},"htmlText":"Will this stock have options?","listText":"Will this stock have options?","text":"Will this stock have options?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/370320837","repostId":1160288453,"repostType":2,"repost":{"id":"1160288453","kind":"news","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1618540779,"share":"https://www.laohu8.com/m/news/1160288453?lang=&edition=full","pubTime":"2021-04-16 10:39","market":"us","language":"en","title":"Why Coinbase's Upside Could Be Immense, With A Price Target Of $500","url":"https://stock-news.laohu8.com/highlight/detail?id=1160288453","media":"Benzinga","summary":"One of most anticipated IPOs of 2021 took place Wednesday with Coinbase Global hitting the public ma","content":"<p>One of most anticipated IPOs of 2021 took place Wednesday with&nbsp;<b>Coinbase Global</b>&nbsp;hitting the public markets. The cryptocurrency exchange companyopenedfor trading at $381 a share. An analyst believes shares can go much higher than Wednesday’s opening price.</p>\n<p><b>The Coinbase Analyst:</b>BTIG analyst Mark Palmer initiated&nbsp;shares of Coinbase with a Buy rating and $500 price target.</p>\n<p><b>The Analyst Takeaways:</b>&nbsp;Palmer called Coinbase&nbsp;the gold standard among digital asset exchanges.</p>\n<p>Coinbase is seeing rapid growth as the crypto ecosystem expands and its increased use is a tailwind for the company going forward.</p>\n<p>“We believe COIN, the most popular consumer-facing cryptocurrency exchange in the U.S., is positioned to be a primary beneficiary of the increased adoption of Bitcoin and other digital assets as it continues to scale in the U.S. and internationally,” Palmer said.</p>\n<p>Coinbase reported revenue of $1.8 billion for the first quarter, which was more than its entire fiscal 2020. One concern was the company’s cautious tone that the first-quarter results shouldn’t be viewed as a representation of its run rate.</p>\n<p>“We believe they demonstrated the platform’s ability to generate explosive growth,” the analyst noted.</p>\n<p>Another concern for Coinbase is its dependence on transaction fees (96% of 2020 revenue), which could make the company volatile to the crypto markets. The analyst said Coinbase is diversifying its revenue stream.</p>\n<p>Coinbase reported an 11.3% market share for the amount of the world’s crypto assets held in the first quarter. “This market share is at the core of our bullish thesis on COIN, the company’s upside could be immense,” Palmer said</p>\n<p>The $500 price target is based on a multiple of 16x estimated fiscal 2024 revenue of $8.2 billion. The analyst estimates Coinbase to report revenue of $6.1 billion in fiscal 2021 and $6.3 billion in fiscal 2022.</p>\n<p>“We believe COIN should be regarded as a market leader in a category characterized by rapid and apparently sustainable growth driven by significant changes in consumers’ behaviors and their adoption of new technology,” the analyst said, adding that there are other comparable category leaders such as&nbsp;<b>Zoom Video Communications Inc</b>,<b>Tesla Inc</b>&nbsp;and&nbsp;<b>Snowflake Inc</b>.</p>\n<p><b>COIN Price Action:</b>Shares of Coinbase are down 1.68% to $322.75 on&nbsp;Thursday.</p>","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>Why Coinbase's Upside Could Be Immense, With A Price Target Of $500</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\">\nWhy Coinbase's Upside Could Be Immense, With A Price Target Of $500\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/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2021-04-16 10:39</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p>One of most anticipated IPOs of 2021 took place Wednesday with&nbsp;<b>Coinbase Global</b>&nbsp;hitting the public markets. The cryptocurrency exchange companyopenedfor trading at $381 a share. An analyst believes shares can go much higher than Wednesday’s opening price.</p>\n<p><b>The Coinbase Analyst:</b>BTIG analyst Mark Palmer initiated&nbsp;shares of Coinbase with a Buy rating and $500 price target.</p>\n<p><b>The Analyst Takeaways:</b>&nbsp;Palmer called Coinbase&nbsp;the gold standard among digital asset exchanges.</p>\n<p>Coinbase is seeing rapid growth as the crypto ecosystem expands and its increased use is a tailwind for the company going forward.</p>\n<p>“We believe COIN, the most popular consumer-facing cryptocurrency exchange in the U.S., is positioned to be a primary beneficiary of the increased adoption of Bitcoin and other digital assets as it continues to scale in the U.S. and internationally,” Palmer said.</p>\n<p>Coinbase reported revenue of $1.8 billion for the first quarter, which was more than its entire fiscal 2020. One concern was the company’s cautious tone that the first-quarter results shouldn’t be viewed as a representation of its run rate.</p>\n<p>“We believe they demonstrated the platform’s ability to generate explosive growth,” the analyst noted.</p>\n<p>Another concern for Coinbase is its dependence on transaction fees (96% of 2020 revenue), which could make the company volatile to the crypto markets. The analyst said Coinbase is diversifying its revenue stream.</p>\n<p>Coinbase reported an 11.3% market share for the amount of the world’s crypto assets held in the first quarter. “This market share is at the core of our bullish thesis on COIN, the company’s upside could be immense,” Palmer said</p>\n<p>The $500 price target is based on a multiple of 16x estimated fiscal 2024 revenue of $8.2 billion. The analyst estimates Coinbase to report revenue of $6.1 billion in fiscal 2021 and $6.3 billion in fiscal 2022.</p>\n<p>“We believe COIN should be regarded as a market leader in a category characterized by rapid and apparently sustainable growth driven by significant changes in consumers’ behaviors and their adoption of new technology,” the analyst said, adding that there are other comparable category leaders such as&nbsp;<b>Zoom Video Communications Inc</b>,<b>Tesla Inc</b>&nbsp;and&nbsp;<b>Snowflake Inc</b>.</p>\n<p><b>COIN Price Action:</b>Shares of Coinbase are down 1.68% to $322.75 on&nbsp;Thursday.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1160288453","content_text":"One of most anticipated IPOs of 2021 took place Wednesday with Coinbase Global hitting the public markets. The cryptocurrency exchange companyopenedfor trading at $381 a share. An analyst believes shares can go much higher than Wednesday’s opening price.\nThe Coinbase Analyst:BTIG analyst Mark Palmer initiated shares of Coinbase with a Buy rating and $500 price target.\nThe Analyst Takeaways: Palmer called Coinbase the gold standard among digital asset exchanges.\nCoinbase is seeing rapid growth as the crypto ecosystem expands and its increased use is a tailwind for the company going forward.\n“We believe COIN, the most popular consumer-facing cryptocurrency exchange in the U.S., is positioned to be a primary beneficiary of the increased adoption of Bitcoin and other digital assets as it continues to scale in the U.S. and internationally,” Palmer said.\nCoinbase reported revenue of $1.8 billion for the first quarter, which was more than its entire fiscal 2020. One concern was the company’s cautious tone that the first-quarter results shouldn’t be viewed as a representation of its run rate.\n“We believe they demonstrated the platform’s ability to generate explosive growth,” the analyst noted.\nAnother concern for Coinbase is its dependence on transaction fees (96% of 2020 revenue), which could make the company volatile to the crypto markets. The analyst said Coinbase is diversifying its revenue stream.\nCoinbase reported an 11.3% market share for the amount of the world’s crypto assets held in the first quarter. “This market share is at the core of our bullish thesis on COIN, the company’s upside could be immense,” Palmer said\nThe $500 price target is based on a multiple of 16x estimated fiscal 2024 revenue of $8.2 billion. The analyst estimates Coinbase to report revenue of $6.1 billion in fiscal 2021 and $6.3 billion in fiscal 2022.\n“We believe COIN should be regarded as a market leader in a category characterized by rapid and apparently sustainable growth driven by significant changes in consumers’ behaviors and their adoption of new technology,” the analyst said, adding that there are other comparable category leaders such as Zoom Video Communications Inc,Tesla Inc and Snowflake Inc.\nCOIN Price Action:Shares of Coinbase are down 1.68% to $322.75 on Thursday.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":370389577,"gmtCreate":1618552102599,"gmtModify":1634292124250,"author":{"id":"3575187662973652","authorId":"3575187662973652","name":"Kalllll","avatar":"https://static.tigerbbs.com/79cdea0e5b00873b55af6be3c8af95c9","vip":1,"crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"3575187662973652","idStr":"3575187662973652"},"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/370389577","repostId":1160288453,"repostType":2,"repost":{"id":"1160288453","kind":"news","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1618540779,"share":"https://www.laohu8.com/m/news/1160288453?lang=&edition=full","pubTime":"2021-04-16 10:39","market":"us","language":"en","title":"Why Coinbase's Upside Could Be Immense, With A Price Target Of $500","url":"https://stock-news.laohu8.com/highlight/detail?id=1160288453","media":"Benzinga","summary":"One of most anticipated IPOs of 2021 took place Wednesday with Coinbase Global hitting the public ma","content":"<p>One of most anticipated IPOs of 2021 took place Wednesday with&nbsp;<b>Coinbase Global</b>&nbsp;hitting the public markets. The cryptocurrency exchange companyopenedfor trading at $381 a share. An analyst believes shares can go much higher than Wednesday’s opening price.</p>\n<p><b>The Coinbase Analyst:</b>BTIG analyst Mark Palmer initiated&nbsp;shares of Coinbase with a Buy rating and $500 price target.</p>\n<p><b>The Analyst Takeaways:</b>&nbsp;Palmer called Coinbase&nbsp;the gold standard among digital asset exchanges.</p>\n<p>Coinbase is seeing rapid growth as the crypto ecosystem expands and its increased use is a tailwind for the company going forward.</p>\n<p>“We believe COIN, the most popular consumer-facing cryptocurrency exchange in the U.S., is positioned to be a primary beneficiary of the increased adoption of Bitcoin and other digital assets as it continues to scale in the U.S. and internationally,” Palmer said.</p>\n<p>Coinbase reported revenue of $1.8 billion for the first quarter, which was more than its entire fiscal 2020. One concern was the company’s cautious tone that the first-quarter results shouldn’t be viewed as a representation of its run rate.</p>\n<p>“We believe they demonstrated the platform’s ability to generate explosive growth,” the analyst noted.</p>\n<p>Another concern for Coinbase is its dependence on transaction fees (96% of 2020 revenue), which could make the company volatile to the crypto markets. The analyst said Coinbase is diversifying its revenue stream.</p>\n<p>Coinbase reported an 11.3% market share for the amount of the world’s crypto assets held in the first quarter. “This market share is at the core of our bullish thesis on COIN, the company’s upside could be immense,” Palmer said</p>\n<p>The $500 price target is based on a multiple of 16x estimated fiscal 2024 revenue of $8.2 billion. The analyst estimates Coinbase to report revenue of $6.1 billion in fiscal 2021 and $6.3 billion in fiscal 2022.</p>\n<p>“We believe COIN should be regarded as a market leader in a category characterized by rapid and apparently sustainable growth driven by significant changes in consumers’ behaviors and their adoption of new technology,” the analyst said, adding that there are other comparable category leaders such as&nbsp;<b>Zoom Video Communications Inc</b>,<b>Tesla Inc</b>&nbsp;and&nbsp;<b>Snowflake Inc</b>.</p>\n<p><b>COIN Price Action:</b>Shares of Coinbase are down 1.68% to $322.75 on&nbsp;Thursday.</p>","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>Why Coinbase's Upside Could Be Immense, With A Price Target Of $500</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\">\nWhy Coinbase's Upside Could Be Immense, With A Price Target Of $500\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/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2021-04-16 10:39</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p>One of most anticipated IPOs of 2021 took place Wednesday with&nbsp;<b>Coinbase Global</b>&nbsp;hitting the public markets. The cryptocurrency exchange companyopenedfor trading at $381 a share. An analyst believes shares can go much higher than Wednesday’s opening price.</p>\n<p><b>The Coinbase Analyst:</b>BTIG analyst Mark Palmer initiated&nbsp;shares of Coinbase with a Buy rating and $500 price target.</p>\n<p><b>The Analyst Takeaways:</b>&nbsp;Palmer called Coinbase&nbsp;the gold standard among digital asset exchanges.</p>\n<p>Coinbase is seeing rapid growth as the crypto ecosystem expands and its increased use is a tailwind for the company going forward.</p>\n<p>“We believe COIN, the most popular consumer-facing cryptocurrency exchange in the U.S., is positioned to be a primary beneficiary of the increased adoption of Bitcoin and other digital assets as it continues to scale in the U.S. and internationally,” Palmer said.</p>\n<p>Coinbase reported revenue of $1.8 billion for the first quarter, which was more than its entire fiscal 2020. One concern was the company’s cautious tone that the first-quarter results shouldn’t be viewed as a representation of its run rate.</p>\n<p>“We believe they demonstrated the platform’s ability to generate explosive growth,” the analyst noted.</p>\n<p>Another concern for Coinbase is its dependence on transaction fees (96% of 2020 revenue), which could make the company volatile to the crypto markets. The analyst said Coinbase is diversifying its revenue stream.</p>\n<p>Coinbase reported an 11.3% market share for the amount of the world’s crypto assets held in the first quarter. “This market share is at the core of our bullish thesis on COIN, the company’s upside could be immense,” Palmer said</p>\n<p>The $500 price target is based on a multiple of 16x estimated fiscal 2024 revenue of $8.2 billion. The analyst estimates Coinbase to report revenue of $6.1 billion in fiscal 2021 and $6.3 billion in fiscal 2022.</p>\n<p>“We believe COIN should be regarded as a market leader in a category characterized by rapid and apparently sustainable growth driven by significant changes in consumers’ behaviors and their adoption of new technology,” the analyst said, adding that there are other comparable category leaders such as&nbsp;<b>Zoom Video Communications Inc</b>,<b>Tesla Inc</b>&nbsp;and&nbsp;<b>Snowflake Inc</b>.</p>\n<p><b>COIN Price Action:</b>Shares of Coinbase are down 1.68% to $322.75 on&nbsp;Thursday.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1160288453","content_text":"One of most anticipated IPOs of 2021 took place Wednesday with Coinbase Global hitting the public markets. The cryptocurrency exchange companyopenedfor trading at $381 a share. An analyst believes shares can go much higher than Wednesday’s opening price.\nThe Coinbase Analyst:BTIG analyst Mark Palmer initiated shares of Coinbase with a Buy rating and $500 price target.\nThe Analyst Takeaways: Palmer called Coinbase the gold standard among digital asset exchanges.\nCoinbase is seeing rapid growth as the crypto ecosystem expands and its increased use is a tailwind for the company going forward.\n“We believe COIN, the most popular consumer-facing cryptocurrency exchange in the U.S., is positioned to be a primary beneficiary of the increased adoption of Bitcoin and other digital assets as it continues to scale in the U.S. and internationally,” Palmer said.\nCoinbase reported revenue of $1.8 billion for the first quarter, which was more than its entire fiscal 2020. One concern was the company’s cautious tone that the first-quarter results shouldn’t be viewed as a representation of its run rate.\n“We believe they demonstrated the platform’s ability to generate explosive growth,” the analyst noted.\nAnother concern for Coinbase is its dependence on transaction fees (96% of 2020 revenue), which could make the company volatile to the crypto markets. The analyst said Coinbase is diversifying its revenue stream.\nCoinbase reported an 11.3% market share for the amount of the world’s crypto assets held in the first quarter. “This market share is at the core of our bullish thesis on COIN, the company’s upside could be immense,” Palmer said\nThe $500 price target is based on a multiple of 16x estimated fiscal 2024 revenue of $8.2 billion. The analyst estimates Coinbase to report revenue of $6.1 billion in fiscal 2021 and $6.3 billion in fiscal 2022.\n“We believe COIN should be regarded as a market leader in a category characterized by rapid and apparently sustainable growth driven by significant changes in consumers’ behaviors and their adoption of new technology,” the analyst said, adding that there are other comparable category leaders such as Zoom Video Communications Inc,Tesla Inc and Snowflake Inc.\nCOIN Price Action:Shares of Coinbase are down 1.68% to $322.75 on Thursday.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":370311516,"gmtCreate":1618551311335,"gmtModify":1634292129585,"author":{"id":"3575580168546148","authorId":"3575580168546148","name":"Wangal","avatar":"https://static.tigerbbs.com/800f70a7feba8b3bc44da842ec3567a6","vip":1,"crmLevel":4,"crmLevelSwitch":0,"authorIdStr":"3575580168546148","idStr":"3575580168546148"},"htmlText":"🌙","listText":"🌙","text":"🌙","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/370311516","repostId":1160288453,"repostType":4,"repost":{"id":"1160288453","kind":"news","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1618540779,"share":"https://www.laohu8.com/m/news/1160288453?lang=&edition=full","pubTime":"2021-04-16 10:39","market":"us","language":"en","title":"Why Coinbase's Upside Could Be Immense, With A Price Target Of $500","url":"https://stock-news.laohu8.com/highlight/detail?id=1160288453","media":"Benzinga","summary":"One of most anticipated IPOs of 2021 took place Wednesday with Coinbase Global hitting the public ma","content":"<p>One of most anticipated IPOs of 2021 took place Wednesday with&nbsp;<b>Coinbase Global</b>&nbsp;hitting the public markets. The cryptocurrency exchange companyopenedfor trading at $381 a share. An analyst believes shares can go much higher than Wednesday’s opening price.</p>\n<p><b>The Coinbase Analyst:</b>BTIG analyst Mark Palmer initiated&nbsp;shares of Coinbase with a Buy rating and $500 price target.</p>\n<p><b>The Analyst Takeaways:</b>&nbsp;Palmer called Coinbase&nbsp;the gold standard among digital asset exchanges.</p>\n<p>Coinbase is seeing rapid growth as the crypto ecosystem expands and its increased use is a tailwind for the company going forward.</p>\n<p>“We believe COIN, the most popular consumer-facing cryptocurrency exchange in the U.S., is positioned to be a primary beneficiary of the increased adoption of Bitcoin and other digital assets as it continues to scale in the U.S. and internationally,” Palmer said.</p>\n<p>Coinbase reported revenue of $1.8 billion for the first quarter, which was more than its entire fiscal 2020. One concern was the company’s cautious tone that the first-quarter results shouldn’t be viewed as a representation of its run rate.</p>\n<p>“We believe they demonstrated the platform’s ability to generate explosive growth,” the analyst noted.</p>\n<p>Another concern for Coinbase is its dependence on transaction fees (96% of 2020 revenue), which could make the company volatile to the crypto markets. The analyst said Coinbase is diversifying its revenue stream.</p>\n<p>Coinbase reported an 11.3% market share for the amount of the world’s crypto assets held in the first quarter. “This market share is at the core of our bullish thesis on COIN, the company’s upside could be immense,” Palmer said</p>\n<p>The $500 price target is based on a multiple of 16x estimated fiscal 2024 revenue of $8.2 billion. The analyst estimates Coinbase to report revenue of $6.1 billion in fiscal 2021 and $6.3 billion in fiscal 2022.</p>\n<p>“We believe COIN should be regarded as a market leader in a category characterized by rapid and apparently sustainable growth driven by significant changes in consumers’ behaviors and their adoption of new technology,” the analyst said, adding that there are other comparable category leaders such as&nbsp;<b>Zoom Video Communications Inc</b>,<b>Tesla Inc</b>&nbsp;and&nbsp;<b>Snowflake Inc</b>.</p>\n<p><b>COIN Price Action:</b>Shares of Coinbase are down 1.68% to $322.75 on&nbsp;Thursday.</p>","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>Why Coinbase's Upside Could Be Immense, With A Price Target Of $500</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\">\nWhy Coinbase's Upside Could Be Immense, With A Price Target Of $500\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/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2021-04-16 10:39</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p>One of most anticipated IPOs of 2021 took place Wednesday with&nbsp;<b>Coinbase Global</b>&nbsp;hitting the public markets. The cryptocurrency exchange companyopenedfor trading at $381 a share. An analyst believes shares can go much higher than Wednesday’s opening price.</p>\n<p><b>The Coinbase Analyst:</b>BTIG analyst Mark Palmer initiated&nbsp;shares of Coinbase with a Buy rating and $500 price target.</p>\n<p><b>The Analyst Takeaways:</b>&nbsp;Palmer called Coinbase&nbsp;the gold standard among digital asset exchanges.</p>\n<p>Coinbase is seeing rapid growth as the crypto ecosystem expands and its increased use is a tailwind for the company going forward.</p>\n<p>“We believe COIN, the most popular consumer-facing cryptocurrency exchange in the U.S., is positioned to be a primary beneficiary of the increased adoption of Bitcoin and other digital assets as it continues to scale in the U.S. and internationally,” Palmer said.</p>\n<p>Coinbase reported revenue of $1.8 billion for the first quarter, which was more than its entire fiscal 2020. One concern was the company’s cautious tone that the first-quarter results shouldn’t be viewed as a representation of its run rate.</p>\n<p>“We believe they demonstrated the platform’s ability to generate explosive growth,” the analyst noted.</p>\n<p>Another concern for Coinbase is its dependence on transaction fees (96% of 2020 revenue), which could make the company volatile to the crypto markets. The analyst said Coinbase is diversifying its revenue stream.</p>\n<p>Coinbase reported an 11.3% market share for the amount of the world’s crypto assets held in the first quarter. “This market share is at the core of our bullish thesis on COIN, the company’s upside could be immense,” Palmer said</p>\n<p>The $500 price target is based on a multiple of 16x estimated fiscal 2024 revenue of $8.2 billion. The analyst estimates Coinbase to report revenue of $6.1 billion in fiscal 2021 and $6.3 billion in fiscal 2022.</p>\n<p>“We believe COIN should be regarded as a market leader in a category characterized by rapid and apparently sustainable growth driven by significant changes in consumers’ behaviors and their adoption of new technology,” the analyst said, adding that there are other comparable category leaders such as&nbsp;<b>Zoom Video Communications Inc</b>,<b>Tesla Inc</b>&nbsp;and&nbsp;<b>Snowflake Inc</b>.</p>\n<p><b>COIN Price Action:</b>Shares of Coinbase are down 1.68% to $322.75 on&nbsp;Thursday.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1160288453","content_text":"One of most anticipated IPOs of 2021 took place Wednesday with Coinbase Global hitting the public markets. The cryptocurrency exchange companyopenedfor trading at $381 a share. An analyst believes shares can go much higher than Wednesday’s opening price.\nThe Coinbase Analyst:BTIG analyst Mark Palmer initiated shares of Coinbase with a Buy rating and $500 price target.\nThe Analyst Takeaways: Palmer called Coinbase the gold standard among digital asset exchanges.\nCoinbase is seeing rapid growth as the crypto ecosystem expands and its increased use is a tailwind for the company going forward.\n“We believe COIN, the most popular consumer-facing cryptocurrency exchange in the U.S., is positioned to be a primary beneficiary of the increased adoption of Bitcoin and other digital assets as it continues to scale in the U.S. and internationally,” Palmer said.\nCoinbase reported revenue of $1.8 billion for the first quarter, which was more than its entire fiscal 2020. One concern was the company’s cautious tone that the first-quarter results shouldn’t be viewed as a representation of its run rate.\n“We believe they demonstrated the platform’s ability to generate explosive growth,” the analyst noted.\nAnother concern for Coinbase is its dependence on transaction fees (96% of 2020 revenue), which could make the company volatile to the crypto markets. The analyst said Coinbase is diversifying its revenue stream.\nCoinbase reported an 11.3% market share for the amount of the world’s crypto assets held in the first quarter. “This market share is at the core of our bullish thesis on COIN, the company’s upside could be immense,” Palmer said\nThe $500 price target is based on a multiple of 16x estimated fiscal 2024 revenue of $8.2 billion. The analyst estimates Coinbase to report revenue of $6.1 billion in fiscal 2021 and $6.3 billion in fiscal 2022.\n“We believe COIN should be regarded as a market leader in a category characterized by rapid and apparently sustainable growth driven by significant changes in consumers’ behaviors and their adoption of new technology,” the analyst said, adding that there are other comparable category leaders such as Zoom Video Communications Inc,Tesla Inc and Snowflake Inc.\nCOIN Price Action:Shares of Coinbase are down 1.68% to $322.75 on Thursday.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":370335446,"gmtCreate":1618550725785,"gmtModify":1634292133530,"author":{"id":"3581246235306838","authorId":"3581246235306838","name":"Edithlo","avatar":"https://static.tigerbbs.com/2541a903057e589f03a02d51926b17e3","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3581246235306838","idStr":"3581246235306838"},"htmlText":"Will hold till then","listText":"Will hold till then","text":"Will hold till then","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/370335446","repostId":1160288453,"repostType":2,"repost":{"id":"1160288453","kind":"news","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1618540779,"share":"https://www.laohu8.com/m/news/1160288453?lang=&edition=full","pubTime":"2021-04-16 10:39","market":"us","language":"en","title":"Why Coinbase's Upside Could Be Immense, With A Price Target Of $500","url":"https://stock-news.laohu8.com/highlight/detail?id=1160288453","media":"Benzinga","summary":"One of most anticipated IPOs of 2021 took place Wednesday with Coinbase Global hitting the public ma","content":"<p>One of most anticipated IPOs of 2021 took place Wednesday with&nbsp;<b>Coinbase Global</b>&nbsp;hitting the public markets. The cryptocurrency exchange companyopenedfor trading at $381 a share. An analyst believes shares can go much higher than Wednesday’s opening price.</p>\n<p><b>The Coinbase Analyst:</b>BTIG analyst Mark Palmer initiated&nbsp;shares of Coinbase with a Buy rating and $500 price target.</p>\n<p><b>The Analyst Takeaways:</b>&nbsp;Palmer called Coinbase&nbsp;the gold standard among digital asset exchanges.</p>\n<p>Coinbase is seeing rapid growth as the crypto ecosystem expands and its increased use is a tailwind for the company going forward.</p>\n<p>“We believe COIN, the most popular consumer-facing cryptocurrency exchange in the U.S., is positioned to be a primary beneficiary of the increased adoption of Bitcoin and other digital assets as it continues to scale in the U.S. and internationally,” Palmer said.</p>\n<p>Coinbase reported revenue of $1.8 billion for the first quarter, which was more than its entire fiscal 2020. One concern was the company’s cautious tone that the first-quarter results shouldn’t be viewed as a representation of its run rate.</p>\n<p>“We believe they demonstrated the platform’s ability to generate explosive growth,” the analyst noted.</p>\n<p>Another concern for Coinbase is its dependence on transaction fees (96% of 2020 revenue), which could make the company volatile to the crypto markets. The analyst said Coinbase is diversifying its revenue stream.</p>\n<p>Coinbase reported an 11.3% market share for the amount of the world’s crypto assets held in the first quarter. “This market share is at the core of our bullish thesis on COIN, the company’s upside could be immense,” Palmer said</p>\n<p>The $500 price target is based on a multiple of 16x estimated fiscal 2024 revenue of $8.2 billion. The analyst estimates Coinbase to report revenue of $6.1 billion in fiscal 2021 and $6.3 billion in fiscal 2022.</p>\n<p>“We believe COIN should be regarded as a market leader in a category characterized by rapid and apparently sustainable growth driven by significant changes in consumers’ behaviors and their adoption of new technology,” the analyst said, adding that there are other comparable category leaders such as&nbsp;<b>Zoom Video Communications Inc</b>,<b>Tesla Inc</b>&nbsp;and&nbsp;<b>Snowflake Inc</b>.</p>\n<p><b>COIN Price Action:</b>Shares of Coinbase are down 1.68% to $322.75 on&nbsp;Thursday.</p>","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>Why Coinbase's Upside Could Be Immense, With A Price Target Of $500</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\">\nWhy Coinbase's Upside Could Be Immense, With A Price Target Of $500\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/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2021-04-16 10:39</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p>One of most anticipated IPOs of 2021 took place Wednesday with&nbsp;<b>Coinbase Global</b>&nbsp;hitting the public markets. The cryptocurrency exchange companyopenedfor trading at $381 a share. An analyst believes shares can go much higher than Wednesday’s opening price.</p>\n<p><b>The Coinbase Analyst:</b>BTIG analyst Mark Palmer initiated&nbsp;shares of Coinbase with a Buy rating and $500 price target.</p>\n<p><b>The Analyst Takeaways:</b>&nbsp;Palmer called Coinbase&nbsp;the gold standard among digital asset exchanges.</p>\n<p>Coinbase is seeing rapid growth as the crypto ecosystem expands and its increased use is a tailwind for the company going forward.</p>\n<p>“We believe COIN, the most popular consumer-facing cryptocurrency exchange in the U.S., is positioned to be a primary beneficiary of the increased adoption of Bitcoin and other digital assets as it continues to scale in the U.S. and internationally,” Palmer said.</p>\n<p>Coinbase reported revenue of $1.8 billion for the first quarter, which was more than its entire fiscal 2020. One concern was the company’s cautious tone that the first-quarter results shouldn’t be viewed as a representation of its run rate.</p>\n<p>“We believe they demonstrated the platform’s ability to generate explosive growth,” the analyst noted.</p>\n<p>Another concern for Coinbase is its dependence on transaction fees (96% of 2020 revenue), which could make the company volatile to the crypto markets. The analyst said Coinbase is diversifying its revenue stream.</p>\n<p>Coinbase reported an 11.3% market share for the amount of the world’s crypto assets held in the first quarter. “This market share is at the core of our bullish thesis on COIN, the company’s upside could be immense,” Palmer said</p>\n<p>The $500 price target is based on a multiple of 16x estimated fiscal 2024 revenue of $8.2 billion. The analyst estimates Coinbase to report revenue of $6.1 billion in fiscal 2021 and $6.3 billion in fiscal 2022.</p>\n<p>“We believe COIN should be regarded as a market leader in a category characterized by rapid and apparently sustainable growth driven by significant changes in consumers’ behaviors and their adoption of new technology,” the analyst said, adding that there are other comparable category leaders such as&nbsp;<b>Zoom Video Communications Inc</b>,<b>Tesla Inc</b>&nbsp;and&nbsp;<b>Snowflake Inc</b>.</p>\n<p><b>COIN Price Action:</b>Shares of Coinbase are down 1.68% to $322.75 on&nbsp;Thursday.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1160288453","content_text":"One of most anticipated IPOs of 2021 took place Wednesday with Coinbase Global hitting the public markets. The cryptocurrency exchange companyopenedfor trading at $381 a share. An analyst believes shares can go much higher than Wednesday’s opening price.\nThe Coinbase Analyst:BTIG analyst Mark Palmer initiated shares of Coinbase with a Buy rating and $500 price target.\nThe Analyst Takeaways: Palmer called Coinbase the gold standard among digital asset exchanges.\nCoinbase is seeing rapid growth as the crypto ecosystem expands and its increased use is a tailwind for the company going forward.\n“We believe COIN, the most popular consumer-facing cryptocurrency exchange in the U.S., is positioned to be a primary beneficiary of the increased adoption of Bitcoin and other digital assets as it continues to scale in the U.S. and internationally,” Palmer said.\nCoinbase reported revenue of $1.8 billion for the first quarter, which was more than its entire fiscal 2020. One concern was the company’s cautious tone that the first-quarter results shouldn’t be viewed as a representation of its run rate.\n“We believe they demonstrated the platform’s ability to generate explosive growth,” the analyst noted.\nAnother concern for Coinbase is its dependence on transaction fees (96% of 2020 revenue), which could make the company volatile to the crypto markets. The analyst said Coinbase is diversifying its revenue stream.\nCoinbase reported an 11.3% market share for the amount of the world’s crypto assets held in the first quarter. “This market share is at the core of our bullish thesis on COIN, the company’s upside could be immense,” Palmer said\nThe $500 price target is based on a multiple of 16x estimated fiscal 2024 revenue of $8.2 billion. The analyst estimates Coinbase to report revenue of $6.1 billion in fiscal 2021 and $6.3 billion in fiscal 2022.\n“We believe COIN should be regarded as a market leader in a category characterized by rapid and apparently sustainable growth driven by significant changes in consumers’ behaviors and their adoption of new technology,” the analyst said, adding that there are other comparable category leaders such as Zoom Video Communications Inc,Tesla Inc and Snowflake Inc.\nCOIN Price Action:Shares of Coinbase are down 1.68% to $322.75 on Thursday.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":370336627,"gmtCreate":1618550550069,"gmtModify":1631885490056,"author":{"id":"3563012974056528","authorId":"3563012974056528","name":"Fujisan","avatar":"https://static.tigerbbs.com/fb9443cbf3c8d884ee1ee858260ed819","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3563012974056528","idStr":"3563012974056528"},"htmlText":"Time to buy some coinbase","listText":"Time to buy some coinbase","text":"Time to buy some coinbase","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/370336627","repostId":1160288453,"repostType":4,"repost":{"id":"1160288453","kind":"news","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1618540779,"share":"https://www.laohu8.com/m/news/1160288453?lang=&edition=full","pubTime":"2021-04-16 10:39","market":"us","language":"en","title":"Why Coinbase's Upside Could Be Immense, With A Price Target Of $500","url":"https://stock-news.laohu8.com/highlight/detail?id=1160288453","media":"Benzinga","summary":"One of most anticipated IPOs of 2021 took place Wednesday with Coinbase Global hitting the public ma","content":"<p>One of most anticipated IPOs of 2021 took place Wednesday with&nbsp;<b>Coinbase Global</b>&nbsp;hitting the public markets. The cryptocurrency exchange companyopenedfor trading at $381 a share. An analyst believes shares can go much higher than Wednesday’s opening price.</p>\n<p><b>The Coinbase Analyst:</b>BTIG analyst Mark Palmer initiated&nbsp;shares of Coinbase with a Buy rating and $500 price target.</p>\n<p><b>The Analyst Takeaways:</b>&nbsp;Palmer called Coinbase&nbsp;the gold standard among digital asset exchanges.</p>\n<p>Coinbase is seeing rapid growth as the crypto ecosystem expands and its increased use is a tailwind for the company going forward.</p>\n<p>“We believe COIN, the most popular consumer-facing cryptocurrency exchange in the U.S., is positioned to be a primary beneficiary of the increased adoption of Bitcoin and other digital assets as it continues to scale in the U.S. and internationally,” Palmer said.</p>\n<p>Coinbase reported revenue of $1.8 billion for the first quarter, which was more than its entire fiscal 2020. One concern was the company’s cautious tone that the first-quarter results shouldn’t be viewed as a representation of its run rate.</p>\n<p>“We believe they demonstrated the platform’s ability to generate explosive growth,” the analyst noted.</p>\n<p>Another concern for Coinbase is its dependence on transaction fees (96% of 2020 revenue), which could make the company volatile to the crypto markets. The analyst said Coinbase is diversifying its revenue stream.</p>\n<p>Coinbase reported an 11.3% market share for the amount of the world’s crypto assets held in the first quarter. “This market share is at the core of our bullish thesis on COIN, the company’s upside could be immense,” Palmer said</p>\n<p>The $500 price target is based on a multiple of 16x estimated fiscal 2024 revenue of $8.2 billion. The analyst estimates Coinbase to report revenue of $6.1 billion in fiscal 2021 and $6.3 billion in fiscal 2022.</p>\n<p>“We believe COIN should be regarded as a market leader in a category characterized by rapid and apparently sustainable growth driven by significant changes in consumers’ behaviors and their adoption of new technology,” the analyst said, adding that there are other comparable category leaders such as&nbsp;<b>Zoom Video Communications Inc</b>,<b>Tesla Inc</b>&nbsp;and&nbsp;<b>Snowflake Inc</b>.</p>\n<p><b>COIN Price Action:</b>Shares of Coinbase are down 1.68% to $322.75 on&nbsp;Thursday.</p>","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>Why Coinbase's Upside Could Be Immense, With A Price Target Of $500</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\">\nWhy Coinbase's Upside Could Be Immense, With A Price Target Of $500\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/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2021-04-16 10:39</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p>One of most anticipated IPOs of 2021 took place Wednesday with&nbsp;<b>Coinbase Global</b>&nbsp;hitting the public markets. The cryptocurrency exchange companyopenedfor trading at $381 a share. An analyst believes shares can go much higher than Wednesday’s opening price.</p>\n<p><b>The Coinbase Analyst:</b>BTIG analyst Mark Palmer initiated&nbsp;shares of Coinbase with a Buy rating and $500 price target.</p>\n<p><b>The Analyst Takeaways:</b>&nbsp;Palmer called Coinbase&nbsp;the gold standard among digital asset exchanges.</p>\n<p>Coinbase is seeing rapid growth as the crypto ecosystem expands and its increased use is a tailwind for the company going forward.</p>\n<p>“We believe COIN, the most popular consumer-facing cryptocurrency exchange in the U.S., is positioned to be a primary beneficiary of the increased adoption of Bitcoin and other digital assets as it continues to scale in the U.S. and internationally,” Palmer said.</p>\n<p>Coinbase reported revenue of $1.8 billion for the first quarter, which was more than its entire fiscal 2020. One concern was the company’s cautious tone that the first-quarter results shouldn’t be viewed as a representation of its run rate.</p>\n<p>“We believe they demonstrated the platform’s ability to generate explosive growth,” the analyst noted.</p>\n<p>Another concern for Coinbase is its dependence on transaction fees (96% of 2020 revenue), which could make the company volatile to the crypto markets. The analyst said Coinbase is diversifying its revenue stream.</p>\n<p>Coinbase reported an 11.3% market share for the amount of the world’s crypto assets held in the first quarter. “This market share is at the core of our bullish thesis on COIN, the company’s upside could be immense,” Palmer said</p>\n<p>The $500 price target is based on a multiple of 16x estimated fiscal 2024 revenue of $8.2 billion. The analyst estimates Coinbase to report revenue of $6.1 billion in fiscal 2021 and $6.3 billion in fiscal 2022.</p>\n<p>“We believe COIN should be regarded as a market leader in a category characterized by rapid and apparently sustainable growth driven by significant changes in consumers’ behaviors and their adoption of new technology,” the analyst said, adding that there are other comparable category leaders such as&nbsp;<b>Zoom Video Communications Inc</b>,<b>Tesla Inc</b>&nbsp;and&nbsp;<b>Snowflake Inc</b>.</p>\n<p><b>COIN Price Action:</b>Shares of Coinbase are down 1.68% to $322.75 on&nbsp;Thursday.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1160288453","content_text":"One of most anticipated IPOs of 2021 took place Wednesday with Coinbase Global hitting the public markets. The cryptocurrency exchange companyopenedfor trading at $381 a share. An analyst believes shares can go much higher than Wednesday’s opening price.\nThe Coinbase Analyst:BTIG analyst Mark Palmer initiated shares of Coinbase with a Buy rating and $500 price target.\nThe Analyst Takeaways: Palmer called Coinbase the gold standard among digital asset exchanges.\nCoinbase is seeing rapid growth as the crypto ecosystem expands and its increased use is a tailwind for the company going forward.\n“We believe COIN, the most popular consumer-facing cryptocurrency exchange in the U.S., is positioned to be a primary beneficiary of the increased adoption of Bitcoin and other digital assets as it continues to scale in the U.S. and internationally,” Palmer said.\nCoinbase reported revenue of $1.8 billion for the first quarter, which was more than its entire fiscal 2020. One concern was the company’s cautious tone that the first-quarter results shouldn’t be viewed as a representation of its run rate.\n“We believe they demonstrated the platform’s ability to generate explosive growth,” the analyst noted.\nAnother concern for Coinbase is its dependence on transaction fees (96% of 2020 revenue), which could make the company volatile to the crypto markets. The analyst said Coinbase is diversifying its revenue stream.\nCoinbase reported an 11.3% market share for the amount of the world’s crypto assets held in the first quarter. “This market share is at the core of our bullish thesis on COIN, the company’s upside could be immense,” Palmer said\nThe $500 price target is based on a multiple of 16x estimated fiscal 2024 revenue of $8.2 billion. The analyst estimates Coinbase to report revenue of $6.1 billion in fiscal 2021 and $6.3 billion in fiscal 2022.\n“We believe COIN should be regarded as a market leader in a category characterized by rapid and apparently sustainable growth driven by significant changes in consumers’ behaviors and their adoption of new technology,” the analyst said, adding that there are other comparable category leaders such as Zoom Video Communications Inc,Tesla Inc and Snowflake Inc.\nCOIN Price Action:Shares of Coinbase are down 1.68% to $322.75 on Thursday.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":370395208,"gmtCreate":1618549691004,"gmtModify":1634292140411,"author":{"id":"3580089220863228","authorId":"3580089220863228","name":"weewaaweewaa","avatar":"https://static.tigerbbs.com/09f861d45a813626fda479fd6062fc88","vip":1,"crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"3580089220863228","idStr":"3580089220863228"},"htmlText":"This would make its market cap unrealistic in comparison to other companies but what do I know","listText":"This would make its market cap unrealistic in comparison to other companies but what do I know","text":"This would make its market cap unrealistic in comparison to other companies but what do I know","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/370395208","repostId":1160288453,"repostType":4,"repost":{"id":"1160288453","kind":"news","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1618540779,"share":"https://www.laohu8.com/m/news/1160288453?lang=&edition=full","pubTime":"2021-04-16 10:39","market":"us","language":"en","title":"Why Coinbase's Upside Could Be Immense, With A Price Target Of $500","url":"https://stock-news.laohu8.com/highlight/detail?id=1160288453","media":"Benzinga","summary":"One of most anticipated IPOs of 2021 took place Wednesday with Coinbase Global hitting the public ma","content":"<p>One of most anticipated IPOs of 2021 took place Wednesday with&nbsp;<b>Coinbase Global</b>&nbsp;hitting the public markets. The cryptocurrency exchange companyopenedfor trading at $381 a share. An analyst believes shares can go much higher than Wednesday’s opening price.</p>\n<p><b>The Coinbase Analyst:</b>BTIG analyst Mark Palmer initiated&nbsp;shares of Coinbase with a Buy rating and $500 price target.</p>\n<p><b>The Analyst Takeaways:</b>&nbsp;Palmer called Coinbase&nbsp;the gold standard among digital asset exchanges.</p>\n<p>Coinbase is seeing rapid growth as the crypto ecosystem expands and its increased use is a tailwind for the company going forward.</p>\n<p>“We believe COIN, the most popular consumer-facing cryptocurrency exchange in the U.S., is positioned to be a primary beneficiary of the increased adoption of Bitcoin and other digital assets as it continues to scale in the U.S. and internationally,” Palmer said.</p>\n<p>Coinbase reported revenue of $1.8 billion for the first quarter, which was more than its entire fiscal 2020. One concern was the company’s cautious tone that the first-quarter results shouldn’t be viewed as a representation of its run rate.</p>\n<p>“We believe they demonstrated the platform’s ability to generate explosive growth,” the analyst noted.</p>\n<p>Another concern for Coinbase is its dependence on transaction fees (96% of 2020 revenue), which could make the company volatile to the crypto markets. The analyst said Coinbase is diversifying its revenue stream.</p>\n<p>Coinbase reported an 11.3% market share for the amount of the world’s crypto assets held in the first quarter. “This market share is at the core of our bullish thesis on COIN, the company’s upside could be immense,” Palmer said</p>\n<p>The $500 price target is based on a multiple of 16x estimated fiscal 2024 revenue of $8.2 billion. The analyst estimates Coinbase to report revenue of $6.1 billion in fiscal 2021 and $6.3 billion in fiscal 2022.</p>\n<p>“We believe COIN should be regarded as a market leader in a category characterized by rapid and apparently sustainable growth driven by significant changes in consumers’ behaviors and their adoption of new technology,” the analyst said, adding that there are other comparable category leaders such as&nbsp;<b>Zoom Video Communications Inc</b>,<b>Tesla Inc</b>&nbsp;and&nbsp;<b>Snowflake Inc</b>.</p>\n<p><b>COIN Price Action:</b>Shares of Coinbase are down 1.68% to $322.75 on&nbsp;Thursday.</p>","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>Why Coinbase's Upside Could Be Immense, With A Price Target Of $500</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\">\nWhy Coinbase's Upside Could Be Immense, With A Price Target Of $500\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/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2021-04-16 10:39</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p>One of most anticipated IPOs of 2021 took place Wednesday with&nbsp;<b>Coinbase Global</b>&nbsp;hitting the public markets. The cryptocurrency exchange companyopenedfor trading at $381 a share. An analyst believes shares can go much higher than Wednesday’s opening price.</p>\n<p><b>The Coinbase Analyst:</b>BTIG analyst Mark Palmer initiated&nbsp;shares of Coinbase with a Buy rating and $500 price target.</p>\n<p><b>The Analyst Takeaways:</b>&nbsp;Palmer called Coinbase&nbsp;the gold standard among digital asset exchanges.</p>\n<p>Coinbase is seeing rapid growth as the crypto ecosystem expands and its increased use is a tailwind for the company going forward.</p>\n<p>“We believe COIN, the most popular consumer-facing cryptocurrency exchange in the U.S., is positioned to be a primary beneficiary of the increased adoption of Bitcoin and other digital assets as it continues to scale in the U.S. and internationally,” Palmer said.</p>\n<p>Coinbase reported revenue of $1.8 billion for the first quarter, which was more than its entire fiscal 2020. One concern was the company’s cautious tone that the first-quarter results shouldn’t be viewed as a representation of its run rate.</p>\n<p>“We believe they demonstrated the platform’s ability to generate explosive growth,” the analyst noted.</p>\n<p>Another concern for Coinbase is its dependence on transaction fees (96% of 2020 revenue), which could make the company volatile to the crypto markets. The analyst said Coinbase is diversifying its revenue stream.</p>\n<p>Coinbase reported an 11.3% market share for the amount of the world’s crypto assets held in the first quarter. “This market share is at the core of our bullish thesis on COIN, the company’s upside could be immense,” Palmer said</p>\n<p>The $500 price target is based on a multiple of 16x estimated fiscal 2024 revenue of $8.2 billion. The analyst estimates Coinbase to report revenue of $6.1 billion in fiscal 2021 and $6.3 billion in fiscal 2022.</p>\n<p>“We believe COIN should be regarded as a market leader in a category characterized by rapid and apparently sustainable growth driven by significant changes in consumers’ behaviors and their adoption of new technology,” the analyst said, adding that there are other comparable category leaders such as&nbsp;<b>Zoom Video Communications Inc</b>,<b>Tesla Inc</b>&nbsp;and&nbsp;<b>Snowflake Inc</b>.</p>\n<p><b>COIN Price Action:</b>Shares of Coinbase are down 1.68% to $322.75 on&nbsp;Thursday.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1160288453","content_text":"One of most anticipated IPOs of 2021 took place Wednesday with Coinbase Global hitting the public markets. The cryptocurrency exchange companyopenedfor trading at $381 a share. An analyst believes shares can go much higher than Wednesday’s opening price.\nThe Coinbase Analyst:BTIG analyst Mark Palmer initiated shares of Coinbase with a Buy rating and $500 price target.\nThe Analyst Takeaways: Palmer called Coinbase the gold standard among digital asset exchanges.\nCoinbase is seeing rapid growth as the crypto ecosystem expands and its increased use is a tailwind for the company going forward.\n“We believe COIN, the most popular consumer-facing cryptocurrency exchange in the U.S., is positioned to be a primary beneficiary of the increased adoption of Bitcoin and other digital assets as it continues to scale in the U.S. and internationally,” Palmer said.\nCoinbase reported revenue of $1.8 billion for the first quarter, which was more than its entire fiscal 2020. One concern was the company’s cautious tone that the first-quarter results shouldn’t be viewed as a representation of its run rate.\n“We believe they demonstrated the platform’s ability to generate explosive growth,” the analyst noted.\nAnother concern for Coinbase is its dependence on transaction fees (96% of 2020 revenue), which could make the company volatile to the crypto markets. The analyst said Coinbase is diversifying its revenue stream.\nCoinbase reported an 11.3% market share for the amount of the world’s crypto assets held in the first quarter. “This market share is at the core of our bullish thesis on COIN, the company’s upside could be immense,” Palmer said\nThe $500 price target is based on a multiple of 16x estimated fiscal 2024 revenue of $8.2 billion. The analyst estimates Coinbase to report revenue of $6.1 billion in fiscal 2021 and $6.3 billion in fiscal 2022.\n“We believe COIN should be regarded as a market leader in a category characterized by rapid and apparently sustainable growth driven by significant changes in consumers’ behaviors and their adoption of new technology,” the analyst said, adding that there are other comparable category leaders such as Zoom Video Communications Inc,Tesla Inc and Snowflake Inc.\nCOIN Price Action:Shares of Coinbase are down 1.68% to $322.75 on Thursday.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":370396098,"gmtCreate":1618549505514,"gmtModify":1634292142634,"author":{"id":"3571137160288122","authorId":"3571137160288122","name":"AnthonyC","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":3,"crmLevelSwitch":0,"authorIdStr":"3571137160288122","idStr":"3571137160288122"},"htmlText":"Like and comment please!","listText":"Like and comment please!","text":"Like and comment please!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/370396098","repostId":1160288453,"repostType":4,"repost":{"id":"1160288453","kind":"news","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1618540779,"share":"https://www.laohu8.com/m/news/1160288453?lang=&edition=full","pubTime":"2021-04-16 10:39","market":"us","language":"en","title":"Why Coinbase's Upside Could Be Immense, With A Price Target Of $500","url":"https://stock-news.laohu8.com/highlight/detail?id=1160288453","media":"Benzinga","summary":"One of most anticipated IPOs of 2021 took place Wednesday with Coinbase Global hitting the public ma","content":"<p>One of most anticipated IPOs of 2021 took place Wednesday with&nbsp;<b>Coinbase Global</b>&nbsp;hitting the public markets. The cryptocurrency exchange companyopenedfor trading at $381 a share. An analyst believes shares can go much higher than Wednesday’s opening price.</p>\n<p><b>The Coinbase Analyst:</b>BTIG analyst Mark Palmer initiated&nbsp;shares of Coinbase with a Buy rating and $500 price target.</p>\n<p><b>The Analyst Takeaways:</b>&nbsp;Palmer called Coinbase&nbsp;the gold standard among digital asset exchanges.</p>\n<p>Coinbase is seeing rapid growth as the crypto ecosystem expands and its increased use is a tailwind for the company going forward.</p>\n<p>“We believe COIN, the most popular consumer-facing cryptocurrency exchange in the U.S., is positioned to be a primary beneficiary of the increased adoption of Bitcoin and other digital assets as it continues to scale in the U.S. and internationally,” Palmer said.</p>\n<p>Coinbase reported revenue of $1.8 billion for the first quarter, which was more than its entire fiscal 2020. One concern was the company’s cautious tone that the first-quarter results shouldn’t be viewed as a representation of its run rate.</p>\n<p>“We believe they demonstrated the platform’s ability to generate explosive growth,” the analyst noted.</p>\n<p>Another concern for Coinbase is its dependence on transaction fees (96% of 2020 revenue), which could make the company volatile to the crypto markets. The analyst said Coinbase is diversifying its revenue stream.</p>\n<p>Coinbase reported an 11.3% market share for the amount of the world’s crypto assets held in the first quarter. “This market share is at the core of our bullish thesis on COIN, the company’s upside could be immense,” Palmer said</p>\n<p>The $500 price target is based on a multiple of 16x estimated fiscal 2024 revenue of $8.2 billion. The analyst estimates Coinbase to report revenue of $6.1 billion in fiscal 2021 and $6.3 billion in fiscal 2022.</p>\n<p>“We believe COIN should be regarded as a market leader in a category characterized by rapid and apparently sustainable growth driven by significant changes in consumers’ behaviors and their adoption of new technology,” the analyst said, adding that there are other comparable category leaders such as&nbsp;<b>Zoom Video Communications Inc</b>,<b>Tesla Inc</b>&nbsp;and&nbsp;<b>Snowflake Inc</b>.</p>\n<p><b>COIN Price Action:</b>Shares of Coinbase are down 1.68% to $322.75 on&nbsp;Thursday.</p>","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>Why Coinbase's Upside Could Be Immense, With A Price Target Of $500</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\">\nWhy Coinbase's Upside Could Be Immense, With A Price Target Of $500\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/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2021-04-16 10:39</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p>One of most anticipated IPOs of 2021 took place Wednesday with&nbsp;<b>Coinbase Global</b>&nbsp;hitting the public markets. The cryptocurrency exchange companyopenedfor trading at $381 a share. An analyst believes shares can go much higher than Wednesday’s opening price.</p>\n<p><b>The Coinbase Analyst:</b>BTIG analyst Mark Palmer initiated&nbsp;shares of Coinbase with a Buy rating and $500 price target.</p>\n<p><b>The Analyst Takeaways:</b>&nbsp;Palmer called Coinbase&nbsp;the gold standard among digital asset exchanges.</p>\n<p>Coinbase is seeing rapid growth as the crypto ecosystem expands and its increased use is a tailwind for the company going forward.</p>\n<p>“We believe COIN, the most popular consumer-facing cryptocurrency exchange in the U.S., is positioned to be a primary beneficiary of the increased adoption of Bitcoin and other digital assets as it continues to scale in the U.S. and internationally,” Palmer said.</p>\n<p>Coinbase reported revenue of $1.8 billion for the first quarter, which was more than its entire fiscal 2020. One concern was the company’s cautious tone that the first-quarter results shouldn’t be viewed as a representation of its run rate.</p>\n<p>“We believe they demonstrated the platform’s ability to generate explosive growth,” the analyst noted.</p>\n<p>Another concern for Coinbase is its dependence on transaction fees (96% of 2020 revenue), which could make the company volatile to the crypto markets. The analyst said Coinbase is diversifying its revenue stream.</p>\n<p>Coinbase reported an 11.3% market share for the amount of the world’s crypto assets held in the first quarter. “This market share is at the core of our bullish thesis on COIN, the company’s upside could be immense,” Palmer said</p>\n<p>The $500 price target is based on a multiple of 16x estimated fiscal 2024 revenue of $8.2 billion. The analyst estimates Coinbase to report revenue of $6.1 billion in fiscal 2021 and $6.3 billion in fiscal 2022.</p>\n<p>“We believe COIN should be regarded as a market leader in a category characterized by rapid and apparently sustainable growth driven by significant changes in consumers’ behaviors and their adoption of new technology,” the analyst said, adding that there are other comparable category leaders such as&nbsp;<b>Zoom Video Communications Inc</b>,<b>Tesla Inc</b>&nbsp;and&nbsp;<b>Snowflake Inc</b>.</p>\n<p><b>COIN Price Action:</b>Shares of Coinbase are down 1.68% to $322.75 on&nbsp;Thursday.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1160288453","content_text":"One of most anticipated IPOs of 2021 took place Wednesday with Coinbase Global hitting the public markets. The cryptocurrency exchange companyopenedfor trading at $381 a share. An analyst believes shares can go much higher than Wednesday’s opening price.\nThe Coinbase Analyst:BTIG analyst Mark Palmer initiated shares of Coinbase with a Buy rating and $500 price target.\nThe Analyst Takeaways: Palmer called Coinbase the gold standard among digital asset exchanges.\nCoinbase is seeing rapid growth as the crypto ecosystem expands and its increased use is a tailwind for the company going forward.\n“We believe COIN, the most popular consumer-facing cryptocurrency exchange in the U.S., is positioned to be a primary beneficiary of the increased adoption of Bitcoin and other digital assets as it continues to scale in the U.S. and internationally,” Palmer said.\nCoinbase reported revenue of $1.8 billion for the first quarter, which was more than its entire fiscal 2020. One concern was the company’s cautious tone that the first-quarter results shouldn’t be viewed as a representation of its run rate.\n“We believe they demonstrated the platform’s ability to generate explosive growth,” the analyst noted.\nAnother concern for Coinbase is its dependence on transaction fees (96% of 2020 revenue), which could make the company volatile to the crypto markets. The analyst said Coinbase is diversifying its revenue stream.\nCoinbase reported an 11.3% market share for the amount of the world’s crypto assets held in the first quarter. “This market share is at the core of our bullish thesis on COIN, the company’s upside could be immense,” Palmer said\nThe $500 price target is based on a multiple of 16x estimated fiscal 2024 revenue of $8.2 billion. The analyst estimates Coinbase to report revenue of $6.1 billion in fiscal 2021 and $6.3 billion in fiscal 2022.\n“We believe COIN should be regarded as a market leader in a category characterized by rapid and apparently sustainable growth driven by significant changes in consumers’ behaviors and their adoption of new technology,” the analyst said, adding that there are other comparable category leaders such as Zoom Video Communications Inc,Tesla Inc and Snowflake Inc.\nCOIN Price Action:Shares of Coinbase are down 1.68% to $322.75 on Thursday.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4050706,"gmtCreate":1618550957130,"gmtModify":1635737918086,"authorId":3559956093286560,"author":{"id":3559956093286560,"idStr":"3559956093286560","authorId":3559956093286560,"name":"Jittertude","avatar":"https://static.tigerbbs.com/c657e13d97fc390ac319b8592838950e","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":370396098,"type":1,"supId":0,"prevId":0,"content":"<u>ok</u>","text":"<u>ok</u>","html":"<u>ok</u>"},{"id":4053159,"gmtCreate":1618576827643,"gmtModify":1635737755459,"authorId":3571137553156313,"author":{"id":3571137553156313,"idStr":"3571137553156313","authorId":3571137553156313,"name":"Shoki","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":370396098,"type":1,"supId":0,"prevId":0,"content":"Good!","text":"Good!","html":"Good!"}],"langContent":"EN"},{"id":370308172,"gmtCreate":1618548431996,"gmtModify":1634292150687,"author":{"id":"3579607039032719","authorId":"3579607039032719","name":"Alex96","avatar":"https://static.tigerbbs.com/46e4adb2c80c3817ad35993862473656","vip":1,"crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"3579607039032719","idStr":"3579607039032719"},"htmlText":"Better buy btc","listText":"Better buy btc","text":"Better buy btc","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/370308172","repostId":1160288453,"repostType":4,"repost":{"id":"1160288453","kind":"news","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1618540779,"share":"https://www.laohu8.com/m/news/1160288453?lang=&edition=full","pubTime":"2021-04-16 10:39","market":"us","language":"en","title":"Why Coinbase's Upside Could Be Immense, With A Price Target Of $500","url":"https://stock-news.laohu8.com/highlight/detail?id=1160288453","media":"Benzinga","summary":"One of most anticipated IPOs of 2021 took place Wednesday with Coinbase Global hitting the public ma","content":"<p>One of most anticipated IPOs of 2021 took place Wednesday with&nbsp;<b>Coinbase Global</b>&nbsp;hitting the public markets. The cryptocurrency exchange companyopenedfor trading at $381 a share. An analyst believes shares can go much higher than Wednesday’s opening price.</p>\n<p><b>The Coinbase Analyst:</b>BTIG analyst Mark Palmer initiated&nbsp;shares of Coinbase with a Buy rating and $500 price target.</p>\n<p><b>The Analyst Takeaways:</b>&nbsp;Palmer called Coinbase&nbsp;the gold standard among digital asset exchanges.</p>\n<p>Coinbase is seeing rapid growth as the crypto ecosystem expands and its increased use is a tailwind for the company going forward.</p>\n<p>“We believe COIN, the most popular consumer-facing cryptocurrency exchange in the U.S., is positioned to be a primary beneficiary of the increased adoption of Bitcoin and other digital assets as it continues to scale in the U.S. and internationally,” Palmer said.</p>\n<p>Coinbase reported revenue of $1.8 billion for the first quarter, which was more than its entire fiscal 2020. One concern was the company’s cautious tone that the first-quarter results shouldn’t be viewed as a representation of its run rate.</p>\n<p>“We believe they demonstrated the platform’s ability to generate explosive growth,” the analyst noted.</p>\n<p>Another concern for Coinbase is its dependence on transaction fees (96% of 2020 revenue), which could make the company volatile to the crypto markets. The analyst said Coinbase is diversifying its revenue stream.</p>\n<p>Coinbase reported an 11.3% market share for the amount of the world’s crypto assets held in the first quarter. “This market share is at the core of our bullish thesis on COIN, the company’s upside could be immense,” Palmer said</p>\n<p>The $500 price target is based on a multiple of 16x estimated fiscal 2024 revenue of $8.2 billion. The analyst estimates Coinbase to report revenue of $6.1 billion in fiscal 2021 and $6.3 billion in fiscal 2022.</p>\n<p>“We believe COIN should be regarded as a market leader in a category characterized by rapid and apparently sustainable growth driven by significant changes in consumers’ behaviors and their adoption of new technology,” the analyst said, adding that there are other comparable category leaders such as&nbsp;<b>Zoom Video Communications Inc</b>,<b>Tesla Inc</b>&nbsp;and&nbsp;<b>Snowflake Inc</b>.</p>\n<p><b>COIN Price Action:</b>Shares of Coinbase are down 1.68% to $322.75 on&nbsp;Thursday.</p>","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>Why Coinbase's Upside Could Be Immense, With A Price Target Of $500</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\">\nWhy Coinbase's Upside Could Be Immense, With A Price Target Of $500\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/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2021-04-16 10:39</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p>One of most anticipated IPOs of 2021 took place Wednesday with&nbsp;<b>Coinbase Global</b>&nbsp;hitting the public markets. The cryptocurrency exchange companyopenedfor trading at $381 a share. An analyst believes shares can go much higher than Wednesday’s opening price.</p>\n<p><b>The Coinbase Analyst:</b>BTIG analyst Mark Palmer initiated&nbsp;shares of Coinbase with a Buy rating and $500 price target.</p>\n<p><b>The Analyst Takeaways:</b>&nbsp;Palmer called Coinbase&nbsp;the gold standard among digital asset exchanges.</p>\n<p>Coinbase is seeing rapid growth as the crypto ecosystem expands and its increased use is a tailwind for the company going forward.</p>\n<p>“We believe COIN, the most popular consumer-facing cryptocurrency exchange in the U.S., is positioned to be a primary beneficiary of the increased adoption of Bitcoin and other digital assets as it continues to scale in the U.S. and internationally,” Palmer said.</p>\n<p>Coinbase reported revenue of $1.8 billion for the first quarter, which was more than its entire fiscal 2020. One concern was the company’s cautious tone that the first-quarter results shouldn’t be viewed as a representation of its run rate.</p>\n<p>“We believe they demonstrated the platform’s ability to generate explosive growth,” the analyst noted.</p>\n<p>Another concern for Coinbase is its dependence on transaction fees (96% of 2020 revenue), which could make the company volatile to the crypto markets. The analyst said Coinbase is diversifying its revenue stream.</p>\n<p>Coinbase reported an 11.3% market share for the amount of the world’s crypto assets held in the first quarter. “This market share is at the core of our bullish thesis on COIN, the company’s upside could be immense,” Palmer said</p>\n<p>The $500 price target is based on a multiple of 16x estimated fiscal 2024 revenue of $8.2 billion. The analyst estimates Coinbase to report revenue of $6.1 billion in fiscal 2021 and $6.3 billion in fiscal 2022.</p>\n<p>“We believe COIN should be regarded as a market leader in a category characterized by rapid and apparently sustainable growth driven by significant changes in consumers’ behaviors and their adoption of new technology,” the analyst said, adding that there are other comparable category leaders such as&nbsp;<b>Zoom Video Communications Inc</b>,<b>Tesla Inc</b>&nbsp;and&nbsp;<b>Snowflake Inc</b>.</p>\n<p><b>COIN Price Action:</b>Shares of Coinbase are down 1.68% to $322.75 on&nbsp;Thursday.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1160288453","content_text":"One of most anticipated IPOs of 2021 took place Wednesday with Coinbase Global hitting the public markets. The cryptocurrency exchange companyopenedfor trading at $381 a share. An analyst believes shares can go much higher than Wednesday’s opening price.\nThe Coinbase Analyst:BTIG analyst Mark Palmer initiated shares of Coinbase with a Buy rating and $500 price target.\nThe Analyst Takeaways: Palmer called Coinbase the gold standard among digital asset exchanges.\nCoinbase is seeing rapid growth as the crypto ecosystem expands and its increased use is a tailwind for the company going forward.\n“We believe COIN, the most popular consumer-facing cryptocurrency exchange in the U.S., is positioned to be a primary beneficiary of the increased adoption of Bitcoin and other digital assets as it continues to scale in the U.S. and internationally,” Palmer said.\nCoinbase reported revenue of $1.8 billion for the first quarter, which was more than its entire fiscal 2020. One concern was the company’s cautious tone that the first-quarter results shouldn’t be viewed as a representation of its run rate.\n“We believe they demonstrated the platform’s ability to generate explosive growth,” the analyst noted.\nAnother concern for Coinbase is its dependence on transaction fees (96% of 2020 revenue), which could make the company volatile to the crypto markets. The analyst said Coinbase is diversifying its revenue stream.\nCoinbase reported an 11.3% market share for the amount of the world’s crypto assets held in the first quarter. “This market share is at the core of our bullish thesis on COIN, the company’s upside could be immense,” Palmer said\nThe $500 price target is based on a multiple of 16x estimated fiscal 2024 revenue of $8.2 billion. The analyst estimates Coinbase to report revenue of $6.1 billion in fiscal 2021 and $6.3 billion in fiscal 2022.\n“We believe COIN should be regarded as a market leader in a category characterized by rapid and apparently sustainable growth driven by significant changes in consumers’ behaviors and their adoption of new technology,” the analyst said, adding that there are other comparable category leaders such as Zoom Video Communications Inc,Tesla Inc and Snowflake Inc.\nCOIN Price Action:Shares of Coinbase are down 1.68% to $322.75 on Thursday.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":370975090,"gmtCreate":1618547731710,"gmtModify":1634292155661,"author":{"id":"3581494316592228","authorId":"3581494316592228","name":"Crappybara","avatar":"https://static.tigerbbs.com/0a085697d49b443650c5a80b0fa9a50f","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3581494316592228","idStr":"3581494316592228"},"htmlText":"Everyone FOMOHODL 💎🙌🏼🚀","listText":"Everyone FOMOHODL 💎🙌🏼🚀","text":"Everyone FOMOHODL 💎🙌🏼🚀","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/370975090","repostId":1160288453,"repostType":4,"repost":{"id":"1160288453","kind":"news","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1618540779,"share":"https://www.laohu8.com/m/news/1160288453?lang=&edition=full","pubTime":"2021-04-16 10:39","market":"us","language":"en","title":"Why Coinbase's Upside Could Be Immense, With A Price Target Of $500","url":"https://stock-news.laohu8.com/highlight/detail?id=1160288453","media":"Benzinga","summary":"One of most anticipated IPOs of 2021 took place Wednesday with Coinbase Global hitting the public ma","content":"<p>One of most anticipated IPOs of 2021 took place Wednesday with&nbsp;<b>Coinbase Global</b>&nbsp;hitting the public markets. The cryptocurrency exchange companyopenedfor trading at $381 a share. An analyst believes shares can go much higher than Wednesday’s opening price.</p>\n<p><b>The Coinbase Analyst:</b>BTIG analyst Mark Palmer initiated&nbsp;shares of Coinbase with a Buy rating and $500 price target.</p>\n<p><b>The Analyst Takeaways:</b>&nbsp;Palmer called Coinbase&nbsp;the gold standard among digital asset exchanges.</p>\n<p>Coinbase is seeing rapid growth as the crypto ecosystem expands and its increased use is a tailwind for the company going forward.</p>\n<p>“We believe COIN, the most popular consumer-facing cryptocurrency exchange in the U.S., is positioned to be a primary beneficiary of the increased adoption of Bitcoin and other digital assets as it continues to scale in the U.S. and internationally,” Palmer said.</p>\n<p>Coinbase reported revenue of $1.8 billion for the first quarter, which was more than its entire fiscal 2020. One concern was the company’s cautious tone that the first-quarter results shouldn’t be viewed as a representation of its run rate.</p>\n<p>“We believe they demonstrated the platform’s ability to generate explosive growth,” the analyst noted.</p>\n<p>Another concern for Coinbase is its dependence on transaction fees (96% of 2020 revenue), which could make the company volatile to the crypto markets. The analyst said Coinbase is diversifying its revenue stream.</p>\n<p>Coinbase reported an 11.3% market share for the amount of the world’s crypto assets held in the first quarter. “This market share is at the core of our bullish thesis on COIN, the company’s upside could be immense,” Palmer said</p>\n<p>The $500 price target is based on a multiple of 16x estimated fiscal 2024 revenue of $8.2 billion. The analyst estimates Coinbase to report revenue of $6.1 billion in fiscal 2021 and $6.3 billion in fiscal 2022.</p>\n<p>“We believe COIN should be regarded as a market leader in a category characterized by rapid and apparently sustainable growth driven by significant changes in consumers’ behaviors and their adoption of new technology,” the analyst said, adding that there are other comparable category leaders such as&nbsp;<b>Zoom Video Communications Inc</b>,<b>Tesla Inc</b>&nbsp;and&nbsp;<b>Snowflake Inc</b>.</p>\n<p><b>COIN Price Action:</b>Shares of Coinbase are down 1.68% to $322.75 on&nbsp;Thursday.</p>","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>Why Coinbase's Upside Could Be Immense, With A Price Target Of $500</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\">\nWhy Coinbase's Upside Could Be Immense, With A Price Target Of $500\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/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2021-04-16 10:39</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p>One of most anticipated IPOs of 2021 took place Wednesday with&nbsp;<b>Coinbase Global</b>&nbsp;hitting the public markets. The cryptocurrency exchange companyopenedfor trading at $381 a share. An analyst believes shares can go much higher than Wednesday’s opening price.</p>\n<p><b>The Coinbase Analyst:</b>BTIG analyst Mark Palmer initiated&nbsp;shares of Coinbase with a Buy rating and $500 price target.</p>\n<p><b>The Analyst Takeaways:</b>&nbsp;Palmer called Coinbase&nbsp;the gold standard among digital asset exchanges.</p>\n<p>Coinbase is seeing rapid growth as the crypto ecosystem expands and its increased use is a tailwind for the company going forward.</p>\n<p>“We believe COIN, the most popular consumer-facing cryptocurrency exchange in the U.S., is positioned to be a primary beneficiary of the increased adoption of Bitcoin and other digital assets as it continues to scale in the U.S. and internationally,” Palmer said.</p>\n<p>Coinbase reported revenue of $1.8 billion for the first quarter, which was more than its entire fiscal 2020. One concern was the company’s cautious tone that the first-quarter results shouldn’t be viewed as a representation of its run rate.</p>\n<p>“We believe they demonstrated the platform’s ability to generate explosive growth,” the analyst noted.</p>\n<p>Another concern for Coinbase is its dependence on transaction fees (96% of 2020 revenue), which could make the company volatile to the crypto markets. The analyst said Coinbase is diversifying its revenue stream.</p>\n<p>Coinbase reported an 11.3% market share for the amount of the world’s crypto assets held in the first quarter. “This market share is at the core of our bullish thesis on COIN, the company’s upside could be immense,” Palmer said</p>\n<p>The $500 price target is based on a multiple of 16x estimated fiscal 2024 revenue of $8.2 billion. The analyst estimates Coinbase to report revenue of $6.1 billion in fiscal 2021 and $6.3 billion in fiscal 2022.</p>\n<p>“We believe COIN should be regarded as a market leader in a category characterized by rapid and apparently sustainable growth driven by significant changes in consumers’ behaviors and their adoption of new technology,” the analyst said, adding that there are other comparable category leaders such as&nbsp;<b>Zoom Video Communications Inc</b>,<b>Tesla Inc</b>&nbsp;and&nbsp;<b>Snowflake Inc</b>.</p>\n<p><b>COIN Price Action:</b>Shares of Coinbase are down 1.68% to $322.75 on&nbsp;Thursday.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1160288453","content_text":"One of most anticipated IPOs of 2021 took place Wednesday with Coinbase Global hitting the public markets. The cryptocurrency exchange companyopenedfor trading at $381 a share. An analyst believes shares can go much higher than Wednesday’s opening price.\nThe Coinbase Analyst:BTIG analyst Mark Palmer initiated shares of Coinbase with a Buy rating and $500 price target.\nThe Analyst Takeaways: Palmer called Coinbase the gold standard among digital asset exchanges.\nCoinbase is seeing rapid growth as the crypto ecosystem expands and its increased use is a tailwind for the company going forward.\n“We believe COIN, the most popular consumer-facing cryptocurrency exchange in the U.S., is positioned to be a primary beneficiary of the increased adoption of Bitcoin and other digital assets as it continues to scale in the U.S. and internationally,” Palmer said.\nCoinbase reported revenue of $1.8 billion for the first quarter, which was more than its entire fiscal 2020. One concern was the company’s cautious tone that the first-quarter results shouldn’t be viewed as a representation of its run rate.\n“We believe they demonstrated the platform’s ability to generate explosive growth,” the analyst noted.\nAnother concern for Coinbase is its dependence on transaction fees (96% of 2020 revenue), which could make the company volatile to the crypto markets. The analyst said Coinbase is diversifying its revenue stream.\nCoinbase reported an 11.3% market share for the amount of the world’s crypto assets held in the first quarter. “This market share is at the core of our bullish thesis on COIN, the company’s upside could be immense,” Palmer said\nThe $500 price target is based on a multiple of 16x estimated fiscal 2024 revenue of $8.2 billion. The analyst estimates Coinbase to report revenue of $6.1 billion in fiscal 2021 and $6.3 billion in fiscal 2022.\n“We believe COIN should be regarded as a market leader in a category characterized by rapid and apparently sustainable growth driven by significant changes in consumers’ behaviors and their adoption of new technology,” the analyst said, adding that there are other comparable category leaders such as Zoom Video Communications Inc,Tesla Inc and Snowflake Inc.\nCOIN Price Action:Shares of Coinbase are down 1.68% to $322.75 on Thursday.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":370971316,"gmtCreate":1618547438335,"gmtModify":1634292158695,"author":{"id":"3570885355172302","authorId":"3570885355172302","name":"Jstan","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":7,"crmLevelSwitch":0,"authorIdStr":"3570885355172302","idStr":"3570885355172302"},"htmlText":"FOMO","listText":"FOMO","text":"FOMO","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/370971316","repostId":1160288453,"repostType":4,"repost":{"id":"1160288453","kind":"news","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1618540779,"share":"https://www.laohu8.com/m/news/1160288453?lang=&edition=full","pubTime":"2021-04-16 10:39","market":"us","language":"en","title":"Why Coinbase's Upside Could Be Immense, With A Price Target Of $500","url":"https://stock-news.laohu8.com/highlight/detail?id=1160288453","media":"Benzinga","summary":"One of most anticipated IPOs of 2021 took place Wednesday with Coinbase Global hitting the public ma","content":"<p>One of most anticipated IPOs of 2021 took place Wednesday with&nbsp;<b>Coinbase Global</b>&nbsp;hitting the public markets. The cryptocurrency exchange companyopenedfor trading at $381 a share. An analyst believes shares can go much higher than Wednesday’s opening price.</p>\n<p><b>The Coinbase Analyst:</b>BTIG analyst Mark Palmer initiated&nbsp;shares of Coinbase with a Buy rating and $500 price target.</p>\n<p><b>The Analyst Takeaways:</b>&nbsp;Palmer called Coinbase&nbsp;the gold standard among digital asset exchanges.</p>\n<p>Coinbase is seeing rapid growth as the crypto ecosystem expands and its increased use is a tailwind for the company going forward.</p>\n<p>“We believe COIN, the most popular consumer-facing cryptocurrency exchange in the U.S., is positioned to be a primary beneficiary of the increased adoption of Bitcoin and other digital assets as it continues to scale in the U.S. and internationally,” Palmer said.</p>\n<p>Coinbase reported revenue of $1.8 billion for the first quarter, which was more than its entire fiscal 2020. One concern was the company’s cautious tone that the first-quarter results shouldn’t be viewed as a representation of its run rate.</p>\n<p>“We believe they demonstrated the platform’s ability to generate explosive growth,” the analyst noted.</p>\n<p>Another concern for Coinbase is its dependence on transaction fees (96% of 2020 revenue), which could make the company volatile to the crypto markets. The analyst said Coinbase is diversifying its revenue stream.</p>\n<p>Coinbase reported an 11.3% market share for the amount of the world’s crypto assets held in the first quarter. “This market share is at the core of our bullish thesis on COIN, the company’s upside could be immense,” Palmer said</p>\n<p>The $500 price target is based on a multiple of 16x estimated fiscal 2024 revenue of $8.2 billion. The analyst estimates Coinbase to report revenue of $6.1 billion in fiscal 2021 and $6.3 billion in fiscal 2022.</p>\n<p>“We believe COIN should be regarded as a market leader in a category characterized by rapid and apparently sustainable growth driven by significant changes in consumers’ behaviors and their adoption of new technology,” the analyst said, adding that there are other comparable category leaders such as&nbsp;<b>Zoom Video Communications Inc</b>,<b>Tesla Inc</b>&nbsp;and&nbsp;<b>Snowflake Inc</b>.</p>\n<p><b>COIN Price Action:</b>Shares of Coinbase are down 1.68% to $322.75 on&nbsp;Thursday.</p>","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>Why Coinbase's Upside Could Be Immense, With A Price Target Of $500</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\">\nWhy Coinbase's Upside Could Be Immense, With A Price Target Of $500\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/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2021-04-16 10:39</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p>One of most anticipated IPOs of 2021 took place Wednesday with&nbsp;<b>Coinbase Global</b>&nbsp;hitting the public markets. The cryptocurrency exchange companyopenedfor trading at $381 a share. An analyst believes shares can go much higher than Wednesday’s opening price.</p>\n<p><b>The Coinbase Analyst:</b>BTIG analyst Mark Palmer initiated&nbsp;shares of Coinbase with a Buy rating and $500 price target.</p>\n<p><b>The Analyst Takeaways:</b>&nbsp;Palmer called Coinbase&nbsp;the gold standard among digital asset exchanges.</p>\n<p>Coinbase is seeing rapid growth as the crypto ecosystem expands and its increased use is a tailwind for the company going forward.</p>\n<p>“We believe COIN, the most popular consumer-facing cryptocurrency exchange in the U.S., is positioned to be a primary beneficiary of the increased adoption of Bitcoin and other digital assets as it continues to scale in the U.S. and internationally,” Palmer said.</p>\n<p>Coinbase reported revenue of $1.8 billion for the first quarter, which was more than its entire fiscal 2020. One concern was the company’s cautious tone that the first-quarter results shouldn’t be viewed as a representation of its run rate.</p>\n<p>“We believe they demonstrated the platform’s ability to generate explosive growth,” the analyst noted.</p>\n<p>Another concern for Coinbase is its dependence on transaction fees (96% of 2020 revenue), which could make the company volatile to the crypto markets. The analyst said Coinbase is diversifying its revenue stream.</p>\n<p>Coinbase reported an 11.3% market share for the amount of the world’s crypto assets held in the first quarter. “This market share is at the core of our bullish thesis on COIN, the company’s upside could be immense,” Palmer said</p>\n<p>The $500 price target is based on a multiple of 16x estimated fiscal 2024 revenue of $8.2 billion. The analyst estimates Coinbase to report revenue of $6.1 billion in fiscal 2021 and $6.3 billion in fiscal 2022.</p>\n<p>“We believe COIN should be regarded as a market leader in a category characterized by rapid and apparently sustainable growth driven by significant changes in consumers’ behaviors and their adoption of new technology,” the analyst said, adding that there are other comparable category leaders such as&nbsp;<b>Zoom Video Communications Inc</b>,<b>Tesla Inc</b>&nbsp;and&nbsp;<b>Snowflake Inc</b>.</p>\n<p><b>COIN Price Action:</b>Shares of Coinbase are down 1.68% to $322.75 on&nbsp;Thursday.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1160288453","content_text":"One of most anticipated IPOs of 2021 took place Wednesday with Coinbase Global hitting the public markets. The cryptocurrency exchange companyopenedfor trading at $381 a share. An analyst believes shares can go much higher than Wednesday’s opening price.\nThe Coinbase Analyst:BTIG analyst Mark Palmer initiated shares of Coinbase with a Buy rating and $500 price target.\nThe Analyst Takeaways: Palmer called Coinbase the gold standard among digital asset exchanges.\nCoinbase is seeing rapid growth as the crypto ecosystem expands and its increased use is a tailwind for the company going forward.\n“We believe COIN, the most popular consumer-facing cryptocurrency exchange in the U.S., is positioned to be a primary beneficiary of the increased adoption of Bitcoin and other digital assets as it continues to scale in the U.S. and internationally,” Palmer said.\nCoinbase reported revenue of $1.8 billion for the first quarter, which was more than its entire fiscal 2020. One concern was the company’s cautious tone that the first-quarter results shouldn’t be viewed as a representation of its run rate.\n“We believe they demonstrated the platform’s ability to generate explosive growth,” the analyst noted.\nAnother concern for Coinbase is its dependence on transaction fees (96% of 2020 revenue), which could make the company volatile to the crypto markets. The analyst said Coinbase is diversifying its revenue stream.\nCoinbase reported an 11.3% market share for the amount of the world’s crypto assets held in the first quarter. “This market share is at the core of our bullish thesis on COIN, the company’s upside could be immense,” Palmer said\nThe $500 price target is based on a multiple of 16x estimated fiscal 2024 revenue of $8.2 billion. The analyst estimates Coinbase to report revenue of $6.1 billion in fiscal 2021 and $6.3 billion in fiscal 2022.\n“We believe COIN should be regarded as a market leader in a category characterized by rapid and apparently sustainable growth driven by significant changes in consumers’ behaviors and their adoption of new technology,” the analyst said, adding that there are other comparable category leaders such as Zoom Video Communications Inc,Tesla Inc and Snowflake Inc.\nCOIN Price Action:Shares of Coinbase are down 1.68% to $322.75 on Thursday.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":370951917,"gmtCreate":1618545940339,"gmtModify":1634292173743,"author":{"id":"3579550471744274","authorId":"3579550471744274","name":"Eljin","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3579550471744274","idStr":"3579550471744274"},"htmlText":"cool","listText":"cool","text":"cool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/370951917","repostId":1160288453,"repostType":4,"repost":{"id":"1160288453","kind":"news","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1618540779,"share":"https://www.laohu8.com/m/news/1160288453?lang=&edition=full","pubTime":"2021-04-16 10:39","market":"us","language":"en","title":"Why Coinbase's Upside Could Be Immense, With A Price Target Of $500","url":"https://stock-news.laohu8.com/highlight/detail?id=1160288453","media":"Benzinga","summary":"One of most anticipated IPOs of 2021 took place Wednesday with Coinbase Global hitting the public ma","content":"<p>One of most anticipated IPOs of 2021 took place Wednesday with&nbsp;<b>Coinbase Global</b>&nbsp;hitting the public markets. The cryptocurrency exchange companyopenedfor trading at $381 a share. An analyst believes shares can go much higher than Wednesday’s opening price.</p>\n<p><b>The Coinbase Analyst:</b>BTIG analyst Mark Palmer initiated&nbsp;shares of Coinbase with a Buy rating and $500 price target.</p>\n<p><b>The Analyst Takeaways:</b>&nbsp;Palmer called Coinbase&nbsp;the gold standard among digital asset exchanges.</p>\n<p>Coinbase is seeing rapid growth as the crypto ecosystem expands and its increased use is a tailwind for the company going forward.</p>\n<p>“We believe COIN, the most popular consumer-facing cryptocurrency exchange in the U.S., is positioned to be a primary beneficiary of the increased adoption of Bitcoin and other digital assets as it continues to scale in the U.S. and internationally,” Palmer said.</p>\n<p>Coinbase reported revenue of $1.8 billion for the first quarter, which was more than its entire fiscal 2020. One concern was the company’s cautious tone that the first-quarter results shouldn’t be viewed as a representation of its run rate.</p>\n<p>“We believe they demonstrated the platform’s ability to generate explosive growth,” the analyst noted.</p>\n<p>Another concern for Coinbase is its dependence on transaction fees (96% of 2020 revenue), which could make the company volatile to the crypto markets. The analyst said Coinbase is diversifying its revenue stream.</p>\n<p>Coinbase reported an 11.3% market share for the amount of the world’s crypto assets held in the first quarter. “This market share is at the core of our bullish thesis on COIN, the company’s upside could be immense,” Palmer said</p>\n<p>The $500 price target is based on a multiple of 16x estimated fiscal 2024 revenue of $8.2 billion. The analyst estimates Coinbase to report revenue of $6.1 billion in fiscal 2021 and $6.3 billion in fiscal 2022.</p>\n<p>“We believe COIN should be regarded as a market leader in a category characterized by rapid and apparently sustainable growth driven by significant changes in consumers’ behaviors and their adoption of new technology,” the analyst said, adding that there are other comparable category leaders such as&nbsp;<b>Zoom Video Communications Inc</b>,<b>Tesla Inc</b>&nbsp;and&nbsp;<b>Snowflake Inc</b>.</p>\n<p><b>COIN Price Action:</b>Shares of Coinbase are down 1.68% to $322.75 on&nbsp;Thursday.</p>","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>Why Coinbase's Upside Could Be Immense, With A Price Target Of $500</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\">\nWhy Coinbase's Upside Could Be Immense, With A Price Target Of $500\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/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2021-04-16 10:39</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p>One of most anticipated IPOs of 2021 took place Wednesday with&nbsp;<b>Coinbase Global</b>&nbsp;hitting the public markets. The cryptocurrency exchange companyopenedfor trading at $381 a share. An analyst believes shares can go much higher than Wednesday’s opening price.</p>\n<p><b>The Coinbase Analyst:</b>BTIG analyst Mark Palmer initiated&nbsp;shares of Coinbase with a Buy rating and $500 price target.</p>\n<p><b>The Analyst Takeaways:</b>&nbsp;Palmer called Coinbase&nbsp;the gold standard among digital asset exchanges.</p>\n<p>Coinbase is seeing rapid growth as the crypto ecosystem expands and its increased use is a tailwind for the company going forward.</p>\n<p>“We believe COIN, the most popular consumer-facing cryptocurrency exchange in the U.S., is positioned to be a primary beneficiary of the increased adoption of Bitcoin and other digital assets as it continues to scale in the U.S. and internationally,” Palmer said.</p>\n<p>Coinbase reported revenue of $1.8 billion for the first quarter, which was more than its entire fiscal 2020. One concern was the company’s cautious tone that the first-quarter results shouldn’t be viewed as a representation of its run rate.</p>\n<p>“We believe they demonstrated the platform’s ability to generate explosive growth,” the analyst noted.</p>\n<p>Another concern for Coinbase is its dependence on transaction fees (96% of 2020 revenue), which could make the company volatile to the crypto markets. The analyst said Coinbase is diversifying its revenue stream.</p>\n<p>Coinbase reported an 11.3% market share for the amount of the world’s crypto assets held in the first quarter. “This market share is at the core of our bullish thesis on COIN, the company’s upside could be immense,” Palmer said</p>\n<p>The $500 price target is based on a multiple of 16x estimated fiscal 2024 revenue of $8.2 billion. The analyst estimates Coinbase to report revenue of $6.1 billion in fiscal 2021 and $6.3 billion in fiscal 2022.</p>\n<p>“We believe COIN should be regarded as a market leader in a category characterized by rapid and apparently sustainable growth driven by significant changes in consumers’ behaviors and their adoption of new technology,” the analyst said, adding that there are other comparable category leaders such as&nbsp;<b>Zoom Video Communications Inc</b>,<b>Tesla Inc</b>&nbsp;and&nbsp;<b>Snowflake Inc</b>.</p>\n<p><b>COIN Price Action:</b>Shares of Coinbase are down 1.68% to $322.75 on&nbsp;Thursday.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1160288453","content_text":"One of most anticipated IPOs of 2021 took place Wednesday with Coinbase Global hitting the public markets. The cryptocurrency exchange companyopenedfor trading at $381 a share. An analyst believes shares can go much higher than Wednesday’s opening price.\nThe Coinbase Analyst:BTIG analyst Mark Palmer initiated shares of Coinbase with a Buy rating and $500 price target.\nThe Analyst Takeaways: Palmer called Coinbase the gold standard among digital asset exchanges.\nCoinbase is seeing rapid growth as the crypto ecosystem expands and its increased use is a tailwind for the company going forward.\n“We believe COIN, the most popular consumer-facing cryptocurrency exchange in the U.S., is positioned to be a primary beneficiary of the increased adoption of Bitcoin and other digital assets as it continues to scale in the U.S. and internationally,” Palmer said.\nCoinbase reported revenue of $1.8 billion for the first quarter, which was more than its entire fiscal 2020. One concern was the company’s cautious tone that the first-quarter results shouldn’t be viewed as a representation of its run rate.\n“We believe they demonstrated the platform’s ability to generate explosive growth,” the analyst noted.\nAnother concern for Coinbase is its dependence on transaction fees (96% of 2020 revenue), which could make the company volatile to the crypto markets. The analyst said Coinbase is diversifying its revenue stream.\nCoinbase reported an 11.3% market share for the amount of the world’s crypto assets held in the first quarter. “This market share is at the core of our bullish thesis on COIN, the company’s upside could be immense,” Palmer said\nThe $500 price target is based on a multiple of 16x estimated fiscal 2024 revenue of $8.2 billion. The analyst estimates Coinbase to report revenue of $6.1 billion in fiscal 2021 and $6.3 billion in fiscal 2022.\n“We believe COIN should be regarded as a market leader in a category characterized by rapid and apparently sustainable growth driven by significant changes in consumers’ behaviors and their adoption of new technology,” the analyst said, adding that there are other comparable category leaders such as Zoom Video Communications Inc,Tesla Inc and Snowflake Inc.\nCOIN Price Action:Shares of Coinbase are down 1.68% to $322.75 on Thursday.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":370927992,"gmtCreate":1618545621316,"gmtModify":1634292176199,"author":{"id":"3566111551860327","authorId":"3566111551860327","name":"Jo5tarz","avatar":"https://static.tigerbbs.com/8cdaa131f223c2f17b3669bce62cc05e","vip":1,"crmLevel":3,"crmLevelSwitch":0,"authorIdStr":"3566111551860327","idStr":"3566111551860327"},"htmlText":"Don't say 500, now existing price is even lower&nbsp;than IPO price&nbsp;[捂脸]&nbsp;","listText":"Don't say 500, now existing price is even lower&nbsp;than IPO price&nbsp;[捂脸]&nbsp;","text":"Don't say 500, now existing price is even lower than IPO price [捂脸]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/370927992","repostId":1160288453,"repostType":4,"repost":{"id":"1160288453","kind":"news","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1618540779,"share":"https://www.laohu8.com/m/news/1160288453?lang=&edition=full","pubTime":"2021-04-16 10:39","market":"us","language":"en","title":"Why Coinbase's Upside Could Be Immense, With A Price Target Of $500","url":"https://stock-news.laohu8.com/highlight/detail?id=1160288453","media":"Benzinga","summary":"One of most anticipated IPOs of 2021 took place Wednesday with Coinbase Global hitting the public ma","content":"<p>One of most anticipated IPOs of 2021 took place Wednesday with&nbsp;<b>Coinbase Global</b>&nbsp;hitting the public markets. The cryptocurrency exchange companyopenedfor trading at $381 a share. An analyst believes shares can go much higher than Wednesday’s opening price.</p>\n<p><b>The Coinbase Analyst:</b>BTIG analyst Mark Palmer initiated&nbsp;shares of Coinbase with a Buy rating and $500 price target.</p>\n<p><b>The Analyst Takeaways:</b>&nbsp;Palmer called Coinbase&nbsp;the gold standard among digital asset exchanges.</p>\n<p>Coinbase is seeing rapid growth as the crypto ecosystem expands and its increased use is a tailwind for the company going forward.</p>\n<p>“We believe COIN, the most popular consumer-facing cryptocurrency exchange in the U.S., is positioned to be a primary beneficiary of the increased adoption of Bitcoin and other digital assets as it continues to scale in the U.S. and internationally,” Palmer said.</p>\n<p>Coinbase reported revenue of $1.8 billion for the first quarter, which was more than its entire fiscal 2020. One concern was the company’s cautious tone that the first-quarter results shouldn’t be viewed as a representation of its run rate.</p>\n<p>“We believe they demonstrated the platform’s ability to generate explosive growth,” the analyst noted.</p>\n<p>Another concern for Coinbase is its dependence on transaction fees (96% of 2020 revenue), which could make the company volatile to the crypto markets. The analyst said Coinbase is diversifying its revenue stream.</p>\n<p>Coinbase reported an 11.3% market share for the amount of the world’s crypto assets held in the first quarter. “This market share is at the core of our bullish thesis on COIN, the company’s upside could be immense,” Palmer said</p>\n<p>The $500 price target is based on a multiple of 16x estimated fiscal 2024 revenue of $8.2 billion. The analyst estimates Coinbase to report revenue of $6.1 billion in fiscal 2021 and $6.3 billion in fiscal 2022.</p>\n<p>“We believe COIN should be regarded as a market leader in a category characterized by rapid and apparently sustainable growth driven by significant changes in consumers’ behaviors and their adoption of new technology,” the analyst said, adding that there are other comparable category leaders such as&nbsp;<b>Zoom Video Communications Inc</b>,<b>Tesla Inc</b>&nbsp;and&nbsp;<b>Snowflake Inc</b>.</p>\n<p><b>COIN Price Action:</b>Shares of Coinbase are down 1.68% to $322.75 on&nbsp;Thursday.</p>","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>Why Coinbase's Upside Could Be Immense, With A Price Target Of $500</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\">\nWhy Coinbase's Upside Could Be Immense, With A Price Target Of $500\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/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2021-04-16 10:39</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p>One of most anticipated IPOs of 2021 took place Wednesday with&nbsp;<b>Coinbase Global</b>&nbsp;hitting the public markets. The cryptocurrency exchange companyopenedfor trading at $381 a share. An analyst believes shares can go much higher than Wednesday’s opening price.</p>\n<p><b>The Coinbase Analyst:</b>BTIG analyst Mark Palmer initiated&nbsp;shares of Coinbase with a Buy rating and $500 price target.</p>\n<p><b>The Analyst Takeaways:</b>&nbsp;Palmer called Coinbase&nbsp;the gold standard among digital asset exchanges.</p>\n<p>Coinbase is seeing rapid growth as the crypto ecosystem expands and its increased use is a tailwind for the company going forward.</p>\n<p>“We believe COIN, the most popular consumer-facing cryptocurrency exchange in the U.S., is positioned to be a primary beneficiary of the increased adoption of Bitcoin and other digital assets as it continues to scale in the U.S. and internationally,” Palmer said.</p>\n<p>Coinbase reported revenue of $1.8 billion for the first quarter, which was more than its entire fiscal 2020. One concern was the company’s cautious tone that the first-quarter results shouldn’t be viewed as a representation of its run rate.</p>\n<p>“We believe they demonstrated the platform’s ability to generate explosive growth,” the analyst noted.</p>\n<p>Another concern for Coinbase is its dependence on transaction fees (96% of 2020 revenue), which could make the company volatile to the crypto markets. The analyst said Coinbase is diversifying its revenue stream.</p>\n<p>Coinbase reported an 11.3% market share for the amount of the world’s crypto assets held in the first quarter. “This market share is at the core of our bullish thesis on COIN, the company’s upside could be immense,” Palmer said</p>\n<p>The $500 price target is based on a multiple of 16x estimated fiscal 2024 revenue of $8.2 billion. The analyst estimates Coinbase to report revenue of $6.1 billion in fiscal 2021 and $6.3 billion in fiscal 2022.</p>\n<p>“We believe COIN should be regarded as a market leader in a category characterized by rapid and apparently sustainable growth driven by significant changes in consumers’ behaviors and their adoption of new technology,” the analyst said, adding that there are other comparable category leaders such as&nbsp;<b>Zoom Video Communications Inc</b>,<b>Tesla Inc</b>&nbsp;and&nbsp;<b>Snowflake Inc</b>.</p>\n<p><b>COIN Price Action:</b>Shares of Coinbase are down 1.68% to $322.75 on&nbsp;Thursday.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1160288453","content_text":"One of most anticipated IPOs of 2021 took place Wednesday with Coinbase Global hitting the public markets. The cryptocurrency exchange companyopenedfor trading at $381 a share. An analyst believes shares can go much higher than Wednesday’s opening price.\nThe Coinbase Analyst:BTIG analyst Mark Palmer initiated shares of Coinbase with a Buy rating and $500 price target.\nThe Analyst Takeaways: Palmer called Coinbase the gold standard among digital asset exchanges.\nCoinbase is seeing rapid growth as the crypto ecosystem expands and its increased use is a tailwind for the company going forward.\n“We believe COIN, the most popular consumer-facing cryptocurrency exchange in the U.S., is positioned to be a primary beneficiary of the increased adoption of Bitcoin and other digital assets as it continues to scale in the U.S. and internationally,” Palmer said.\nCoinbase reported revenue of $1.8 billion for the first quarter, which was more than its entire fiscal 2020. One concern was the company’s cautious tone that the first-quarter results shouldn’t be viewed as a representation of its run rate.\n“We believe they demonstrated the platform’s ability to generate explosive growth,” the analyst noted.\nAnother concern for Coinbase is its dependence on transaction fees (96% of 2020 revenue), which could make the company volatile to the crypto markets. The analyst said Coinbase is diversifying its revenue stream.\nCoinbase reported an 11.3% market share for the amount of the world’s crypto assets held in the first quarter. “This market share is at the core of our bullish thesis on COIN, the company’s upside could be immense,” Palmer said\nThe $500 price target is based on a multiple of 16x estimated fiscal 2024 revenue of $8.2 billion. The analyst estimates Coinbase to report revenue of $6.1 billion in fiscal 2021 and $6.3 billion in fiscal 2022.\n“We believe COIN should be regarded as a market leader in a category characterized by rapid and apparently sustainable growth driven by significant changes in consumers’ behaviors and their adoption of new technology,” the analyst said, adding that there are other comparable category leaders such as Zoom Video Communications Inc,Tesla Inc and Snowflake Inc.\nCOIN Price Action:Shares of Coinbase are down 1.68% to $322.75 on Thursday.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":370925526,"gmtCreate":1618545536065,"gmtModify":1634292176782,"author":{"id":"3573519539005968","authorId":"3573519539005968","name":"chongyeetan","avatar":"https://static.tigerbbs.com/58f6eb6730af7768ad82093944f2351a","vip":1,"crmLevel":6,"crmLevelSwitch":0,"authorIdStr":"3573519539005968","idStr":"3573519539005968"},"htmlText":"like n comment pls. thk q.","listText":"like n comment pls. thk q.","text":"like n comment pls. thk q.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/370925526","repostId":1160288453,"repostType":4,"repost":{"id":"1160288453","kind":"news","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1618540779,"share":"https://www.laohu8.com/m/news/1160288453?lang=&edition=full","pubTime":"2021-04-16 10:39","market":"us","language":"en","title":"Why Coinbase's Upside Could Be Immense, With A Price Target Of $500","url":"https://stock-news.laohu8.com/highlight/detail?id=1160288453","media":"Benzinga","summary":"One of most anticipated IPOs of 2021 took place Wednesday with Coinbase Global hitting the public ma","content":"<p>One of most anticipated IPOs of 2021 took place Wednesday with&nbsp;<b>Coinbase Global</b>&nbsp;hitting the public markets. The cryptocurrency exchange companyopenedfor trading at $381 a share. An analyst believes shares can go much higher than Wednesday’s opening price.</p>\n<p><b>The Coinbase Analyst:</b>BTIG analyst Mark Palmer initiated&nbsp;shares of Coinbase with a Buy rating and $500 price target.</p>\n<p><b>The Analyst Takeaways:</b>&nbsp;Palmer called Coinbase&nbsp;the gold standard among digital asset exchanges.</p>\n<p>Coinbase is seeing rapid growth as the crypto ecosystem expands and its increased use is a tailwind for the company going forward.</p>\n<p>“We believe COIN, the most popular consumer-facing cryptocurrency exchange in the U.S., is positioned to be a primary beneficiary of the increased adoption of Bitcoin and other digital assets as it continues to scale in the U.S. and internationally,” Palmer said.</p>\n<p>Coinbase reported revenue of $1.8 billion for the first quarter, which was more than its entire fiscal 2020. One concern was the company’s cautious tone that the first-quarter results shouldn’t be viewed as a representation of its run rate.</p>\n<p>“We believe they demonstrated the platform’s ability to generate explosive growth,” the analyst noted.</p>\n<p>Another concern for Coinbase is its dependence on transaction fees (96% of 2020 revenue), which could make the company volatile to the crypto markets. The analyst said Coinbase is diversifying its revenue stream.</p>\n<p>Coinbase reported an 11.3% market share for the amount of the world’s crypto assets held in the first quarter. “This market share is at the core of our bullish thesis on COIN, the company’s upside could be immense,” Palmer said</p>\n<p>The $500 price target is based on a multiple of 16x estimated fiscal 2024 revenue of $8.2 billion. The analyst estimates Coinbase to report revenue of $6.1 billion in fiscal 2021 and $6.3 billion in fiscal 2022.</p>\n<p>“We believe COIN should be regarded as a market leader in a category characterized by rapid and apparently sustainable growth driven by significant changes in consumers’ behaviors and their adoption of new technology,” the analyst said, adding that there are other comparable category leaders such as&nbsp;<b>Zoom Video Communications Inc</b>,<b>Tesla Inc</b>&nbsp;and&nbsp;<b>Snowflake Inc</b>.</p>\n<p><b>COIN Price Action:</b>Shares of Coinbase are down 1.68% to $322.75 on&nbsp;Thursday.</p>","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>Why Coinbase's Upside Could Be Immense, With A Price Target Of $500</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\">\nWhy Coinbase's Upside Could Be Immense, With A Price Target Of $500\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/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2021-04-16 10:39</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p>One of most anticipated IPOs of 2021 took place Wednesday with&nbsp;<b>Coinbase Global</b>&nbsp;hitting the public markets. The cryptocurrency exchange companyopenedfor trading at $381 a share. An analyst believes shares can go much higher than Wednesday’s opening price.</p>\n<p><b>The Coinbase Analyst:</b>BTIG analyst Mark Palmer initiated&nbsp;shares of Coinbase with a Buy rating and $500 price target.</p>\n<p><b>The Analyst Takeaways:</b>&nbsp;Palmer called Coinbase&nbsp;the gold standard among digital asset exchanges.</p>\n<p>Coinbase is seeing rapid growth as the crypto ecosystem expands and its increased use is a tailwind for the company going forward.</p>\n<p>“We believe COIN, the most popular consumer-facing cryptocurrency exchange in the U.S., is positioned to be a primary beneficiary of the increased adoption of Bitcoin and other digital assets as it continues to scale in the U.S. and internationally,” Palmer said.</p>\n<p>Coinbase reported revenue of $1.8 billion for the first quarter, which was more than its entire fiscal 2020. One concern was the company’s cautious tone that the first-quarter results shouldn’t be viewed as a representation of its run rate.</p>\n<p>“We believe they demonstrated the platform’s ability to generate explosive growth,” the analyst noted.</p>\n<p>Another concern for Coinbase is its dependence on transaction fees (96% of 2020 revenue), which could make the company volatile to the crypto markets. The analyst said Coinbase is diversifying its revenue stream.</p>\n<p>Coinbase reported an 11.3% market share for the amount of the world’s crypto assets held in the first quarter. “This market share is at the core of our bullish thesis on COIN, the company’s upside could be immense,” Palmer said</p>\n<p>The $500 price target is based on a multiple of 16x estimated fiscal 2024 revenue of $8.2 billion. The analyst estimates Coinbase to report revenue of $6.1 billion in fiscal 2021 and $6.3 billion in fiscal 2022.</p>\n<p>“We believe COIN should be regarded as a market leader in a category characterized by rapid and apparently sustainable growth driven by significant changes in consumers’ behaviors and their adoption of new technology,” the analyst said, adding that there are other comparable category leaders such as&nbsp;<b>Zoom Video Communications Inc</b>,<b>Tesla Inc</b>&nbsp;and&nbsp;<b>Snowflake Inc</b>.</p>\n<p><b>COIN Price Action:</b>Shares of Coinbase are down 1.68% to $322.75 on&nbsp;Thursday.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1160288453","content_text":"One of most anticipated IPOs of 2021 took place Wednesday with Coinbase Global hitting the public markets. The cryptocurrency exchange companyopenedfor trading at $381 a share. An analyst believes shares can go much higher than Wednesday’s opening price.\nThe Coinbase Analyst:BTIG analyst Mark Palmer initiated shares of Coinbase with a Buy rating and $500 price target.\nThe Analyst Takeaways: Palmer called Coinbase the gold standard among digital asset exchanges.\nCoinbase is seeing rapid growth as the crypto ecosystem expands and its increased use is a tailwind for the company going forward.\n“We believe COIN, the most popular consumer-facing cryptocurrency exchange in the U.S., is positioned to be a primary beneficiary of the increased adoption of Bitcoin and other digital assets as it continues to scale in the U.S. and internationally,” Palmer said.\nCoinbase reported revenue of $1.8 billion for the first quarter, which was more than its entire fiscal 2020. One concern was the company’s cautious tone that the first-quarter results shouldn’t be viewed as a representation of its run rate.\n“We believe they demonstrated the platform’s ability to generate explosive growth,” the analyst noted.\nAnother concern for Coinbase is its dependence on transaction fees (96% of 2020 revenue), which could make the company volatile to the crypto markets. The analyst said Coinbase is diversifying its revenue stream.\nCoinbase reported an 11.3% market share for the amount of the world’s crypto assets held in the first quarter. “This market share is at the core of our bullish thesis on COIN, the company’s upside could be immense,” Palmer said\nThe $500 price target is based on a multiple of 16x estimated fiscal 2024 revenue of $8.2 billion. The analyst estimates Coinbase to report revenue of $6.1 billion in fiscal 2021 and $6.3 billion in fiscal 2022.\n“We believe COIN should be regarded as a market leader in a category characterized by rapid and apparently sustainable growth driven by significant changes in consumers’ behaviors and their adoption of new technology,” the analyst said, adding that there are other comparable category leaders such as Zoom Video Communications Inc,Tesla Inc and Snowflake Inc.\nCOIN Price Action:Shares of Coinbase are down 1.68% to $322.75 on Thursday.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4050574,"gmtCreate":1618549519575,"gmtModify":1635737928111,"authorId":3571137160288122,"author":{"id":3571137160288122,"idStr":"3571137160288122","authorId":3571137160288122,"name":"AnthonyC","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":370925526,"type":1,"supId":0,"prevId":0,"content":"Done","text":"Done","html":"Done"},{"id":4050993,"gmtCreate":1618553406162,"gmtModify":1635737896730,"authorId":3573519539005968,"author":{"id":3573519539005968,"idStr":"3573519539005968","authorId":3573519539005968,"name":"chongyeetan","avatar":"https://static.tigerbbs.com/58f6eb6730af7768ad82093944f2351a","vip":1,"crmLevel":6,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":370925526,"type":1,"supId":4050574,"prevId":0,"content":"👍","text":"👍","html":"👍"}],"langContent":"EN"},{"id":370922318,"gmtCreate":1618545409134,"gmtModify":1634292177892,"author":{"id":"3576709204489965","authorId":"3576709204489965","name":"Hayz","avatar":"https://static.tigerbbs.com/d87598e3b13004920f673918b320782e","vip":1,"crmLevel":3,"crmLevelSwitch":0,"authorIdStr":"3576709204489965","idStr":"3576709204489965"},"htmlText":"I think COIN will hit $400 next month as funds load up...and retailers understand the full scope of their business... comments?","listText":"I think COIN will hit $400 next month as funds load up...and retailers understand the full scope of their business... comments?","text":"I think COIN will hit $400 next month as funds load up...and retailers understand the full scope of their business... comments?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/370922318","repostId":1160288453,"repostType":4,"repost":{"id":"1160288453","kind":"news","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1618540779,"share":"https://www.laohu8.com/m/news/1160288453?lang=&edition=full","pubTime":"2021-04-16 10:39","market":"us","language":"en","title":"Why Coinbase's Upside Could Be Immense, With A Price Target Of $500","url":"https://stock-news.laohu8.com/highlight/detail?id=1160288453","media":"Benzinga","summary":"One of most anticipated IPOs of 2021 took place Wednesday with Coinbase Global hitting the public ma","content":"<p>One of most anticipated IPOs of 2021 took place Wednesday with&nbsp;<b>Coinbase Global</b>&nbsp;hitting the public markets. The cryptocurrency exchange companyopenedfor trading at $381 a share. An analyst believes shares can go much higher than Wednesday’s opening price.</p>\n<p><b>The Coinbase Analyst:</b>BTIG analyst Mark Palmer initiated&nbsp;shares of Coinbase with a Buy rating and $500 price target.</p>\n<p><b>The Analyst Takeaways:</b>&nbsp;Palmer called Coinbase&nbsp;the gold standard among digital asset exchanges.</p>\n<p>Coinbase is seeing rapid growth as the crypto ecosystem expands and its increased use is a tailwind for the company going forward.</p>\n<p>“We believe COIN, the most popular consumer-facing cryptocurrency exchange in the U.S., is positioned to be a primary beneficiary of the increased adoption of Bitcoin and other digital assets as it continues to scale in the U.S. and internationally,” Palmer said.</p>\n<p>Coinbase reported revenue of $1.8 billion for the first quarter, which was more than its entire fiscal 2020. One concern was the company’s cautious tone that the first-quarter results shouldn’t be viewed as a representation of its run rate.</p>\n<p>“We believe they demonstrated the platform’s ability to generate explosive growth,” the analyst noted.</p>\n<p>Another concern for Coinbase is its dependence on transaction fees (96% of 2020 revenue), which could make the company volatile to the crypto markets. The analyst said Coinbase is diversifying its revenue stream.</p>\n<p>Coinbase reported an 11.3% market share for the amount of the world’s crypto assets held in the first quarter. “This market share is at the core of our bullish thesis on COIN, the company’s upside could be immense,” Palmer said</p>\n<p>The $500 price target is based on a multiple of 16x estimated fiscal 2024 revenue of $8.2 billion. The analyst estimates Coinbase to report revenue of $6.1 billion in fiscal 2021 and $6.3 billion in fiscal 2022.</p>\n<p>“We believe COIN should be regarded as a market leader in a category characterized by rapid and apparently sustainable growth driven by significant changes in consumers’ behaviors and their adoption of new technology,” the analyst said, adding that there are other comparable category leaders such as&nbsp;<b>Zoom Video Communications Inc</b>,<b>Tesla Inc</b>&nbsp;and&nbsp;<b>Snowflake Inc</b>.</p>\n<p><b>COIN Price Action:</b>Shares of Coinbase are down 1.68% to $322.75 on&nbsp;Thursday.</p>","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>Why Coinbase's Upside Could Be Immense, With A Price Target Of $500</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\">\nWhy Coinbase's Upside Could Be Immense, With A Price Target Of $500\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/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2021-04-16 10:39</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p>One of most anticipated IPOs of 2021 took place Wednesday with&nbsp;<b>Coinbase Global</b>&nbsp;hitting the public markets. The cryptocurrency exchange companyopenedfor trading at $381 a share. An analyst believes shares can go much higher than Wednesday’s opening price.</p>\n<p><b>The Coinbase Analyst:</b>BTIG analyst Mark Palmer initiated&nbsp;shares of Coinbase with a Buy rating and $500 price target.</p>\n<p><b>The Analyst Takeaways:</b>&nbsp;Palmer called Coinbase&nbsp;the gold standard among digital asset exchanges.</p>\n<p>Coinbase is seeing rapid growth as the crypto ecosystem expands and its increased use is a tailwind for the company going forward.</p>\n<p>“We believe COIN, the most popular consumer-facing cryptocurrency exchange in the U.S., is positioned to be a primary beneficiary of the increased adoption of Bitcoin and other digital assets as it continues to scale in the U.S. and internationally,” Palmer said.</p>\n<p>Coinbase reported revenue of $1.8 billion for the first quarter, which was more than its entire fiscal 2020. One concern was the company’s cautious tone that the first-quarter results shouldn’t be viewed as a representation of its run rate.</p>\n<p>“We believe they demonstrated the platform’s ability to generate explosive growth,” the analyst noted.</p>\n<p>Another concern for Coinbase is its dependence on transaction fees (96% of 2020 revenue), which could make the company volatile to the crypto markets. The analyst said Coinbase is diversifying its revenue stream.</p>\n<p>Coinbase reported an 11.3% market share for the amount of the world’s crypto assets held in the first quarter. “This market share is at the core of our bullish thesis on COIN, the company’s upside could be immense,” Palmer said</p>\n<p>The $500 price target is based on a multiple of 16x estimated fiscal 2024 revenue of $8.2 billion. The analyst estimates Coinbase to report revenue of $6.1 billion in fiscal 2021 and $6.3 billion in fiscal 2022.</p>\n<p>“We believe COIN should be regarded as a market leader in a category characterized by rapid and apparently sustainable growth driven by significant changes in consumers’ behaviors and their adoption of new technology,” the analyst said, adding that there are other comparable category leaders such as&nbsp;<b>Zoom Video Communications Inc</b>,<b>Tesla Inc</b>&nbsp;and&nbsp;<b>Snowflake Inc</b>.</p>\n<p><b>COIN Price Action:</b>Shares of Coinbase are down 1.68% to $322.75 on&nbsp;Thursday.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1160288453","content_text":"One of most anticipated IPOs of 2021 took place Wednesday with Coinbase Global hitting the public markets. The cryptocurrency exchange companyopenedfor trading at $381 a share. An analyst believes shares can go much higher than Wednesday’s opening price.\nThe Coinbase Analyst:BTIG analyst Mark Palmer initiated shares of Coinbase with a Buy rating and $500 price target.\nThe Analyst Takeaways: Palmer called Coinbase the gold standard among digital asset exchanges.\nCoinbase is seeing rapid growth as the crypto ecosystem expands and its increased use is a tailwind for the company going forward.\n“We believe COIN, the most popular consumer-facing cryptocurrency exchange in the U.S., is positioned to be a primary beneficiary of the increased adoption of Bitcoin and other digital assets as it continues to scale in the U.S. and internationally,” Palmer said.\nCoinbase reported revenue of $1.8 billion for the first quarter, which was more than its entire fiscal 2020. One concern was the company’s cautious tone that the first-quarter results shouldn’t be viewed as a representation of its run rate.\n“We believe they demonstrated the platform’s ability to generate explosive growth,” the analyst noted.\nAnother concern for Coinbase is its dependence on transaction fees (96% of 2020 revenue), which could make the company volatile to the crypto markets. The analyst said Coinbase is diversifying its revenue stream.\nCoinbase reported an 11.3% market share for the amount of the world’s crypto assets held in the first quarter. “This market share is at the core of our bullish thesis on COIN, the company’s upside could be immense,” Palmer said\nThe $500 price target is based on a multiple of 16x estimated fiscal 2024 revenue of $8.2 billion. The analyst estimates Coinbase to report revenue of $6.1 billion in fiscal 2021 and $6.3 billion in fiscal 2022.\n“We believe COIN should be regarded as a market leader in a category characterized by rapid and apparently sustainable growth driven by significant changes in consumers’ behaviors and their adoption of new technology,” the analyst said, adding that there are other comparable category leaders such as Zoom Video Communications Inc,Tesla Inc and Snowflake Inc.\nCOIN Price Action:Shares of Coinbase are down 1.68% to $322.75 on Thursday.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4050561,"gmtCreate":1618549352532,"gmtModify":1635737928990,"authorId":3576275613425159,"author":{"id":3576275613425159,"idStr":"3576275613425159","authorId":3576275613425159,"name":"Lynny","avatar":"https://static.tigerbbs.com/7c0b8b78e97626dedf9ed61da1957ab7","vip":1,"crmLevel":6,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":370922318,"type":1,"supId":0,"prevId":0,"content":"Its going to be massively volatile In the next months i feel, reflecting crypto prices. ","text":"Its going to be massively volatile In the next months i feel, reflecting crypto prices. ","html":"Its going to be massively volatile In the next months i feel, reflecting crypto prices. "}],"langContent":"EN"},{"id":370928913,"gmtCreate":1618545270532,"gmtModify":1631884223692,"author":{"id":"3579483775019155","authorId":"3579483775019155","name":"Ychwee","avatar":"https://static.tigerbbs.com/21b26b66434038d42864871216ba4fc9","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3579483775019155","idStr":"3579483775019155"},"htmlText":"Just buy BTC","listText":"Just buy BTC","text":"Just buy BTC","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/370928913","repostId":1160288453,"repostType":4,"repost":{"id":"1160288453","kind":"news","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1618540779,"share":"https://www.laohu8.com/m/news/1160288453?lang=&edition=full","pubTime":"2021-04-16 10:39","market":"us","language":"en","title":"Why Coinbase's Upside Could Be Immense, With A Price Target Of $500","url":"https://stock-news.laohu8.com/highlight/detail?id=1160288453","media":"Benzinga","summary":"One of most anticipated IPOs of 2021 took place Wednesday with Coinbase Global hitting the public ma","content":"<p>One of most anticipated IPOs of 2021 took place Wednesday with&nbsp;<b>Coinbase Global</b>&nbsp;hitting the public markets. The cryptocurrency exchange companyopenedfor trading at $381 a share. An analyst believes shares can go much higher than Wednesday’s opening price.</p>\n<p><b>The Coinbase Analyst:</b>BTIG analyst Mark Palmer initiated&nbsp;shares of Coinbase with a Buy rating and $500 price target.</p>\n<p><b>The Analyst Takeaways:</b>&nbsp;Palmer called Coinbase&nbsp;the gold standard among digital asset exchanges.</p>\n<p>Coinbase is seeing rapid growth as the crypto ecosystem expands and its increased use is a tailwind for the company going forward.</p>\n<p>“We believe COIN, the most popular consumer-facing cryptocurrency exchange in the U.S., is positioned to be a primary beneficiary of the increased adoption of Bitcoin and other digital assets as it continues to scale in the U.S. and internationally,” Palmer said.</p>\n<p>Coinbase reported revenue of $1.8 billion for the first quarter, which was more than its entire fiscal 2020. One concern was the company’s cautious tone that the first-quarter results shouldn’t be viewed as a representation of its run rate.</p>\n<p>“We believe they demonstrated the platform’s ability to generate explosive growth,” the analyst noted.</p>\n<p>Another concern for Coinbase is its dependence on transaction fees (96% of 2020 revenue), which could make the company volatile to the crypto markets. The analyst said Coinbase is diversifying its revenue stream.</p>\n<p>Coinbase reported an 11.3% market share for the amount of the world’s crypto assets held in the first quarter. “This market share is at the core of our bullish thesis on COIN, the company’s upside could be immense,” Palmer said</p>\n<p>The $500 price target is based on a multiple of 16x estimated fiscal 2024 revenue of $8.2 billion. The analyst estimates Coinbase to report revenue of $6.1 billion in fiscal 2021 and $6.3 billion in fiscal 2022.</p>\n<p>“We believe COIN should be regarded as a market leader in a category characterized by rapid and apparently sustainable growth driven by significant changes in consumers’ behaviors and their adoption of new technology,” the analyst said, adding that there are other comparable category leaders such as&nbsp;<b>Zoom Video Communications Inc</b>,<b>Tesla Inc</b>&nbsp;and&nbsp;<b>Snowflake Inc</b>.</p>\n<p><b>COIN Price Action:</b>Shares of Coinbase are down 1.68% to $322.75 on&nbsp;Thursday.</p>","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>Why Coinbase's Upside Could Be Immense, With A Price Target Of $500</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\">\nWhy Coinbase's Upside Could Be Immense, With A Price Target Of $500\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/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2021-04-16 10:39</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p>One of most anticipated IPOs of 2021 took place Wednesday with&nbsp;<b>Coinbase Global</b>&nbsp;hitting the public markets. The cryptocurrency exchange companyopenedfor trading at $381 a share. An analyst believes shares can go much higher than Wednesday’s opening price.</p>\n<p><b>The Coinbase Analyst:</b>BTIG analyst Mark Palmer initiated&nbsp;shares of Coinbase with a Buy rating and $500 price target.</p>\n<p><b>The Analyst Takeaways:</b>&nbsp;Palmer called Coinbase&nbsp;the gold standard among digital asset exchanges.</p>\n<p>Coinbase is seeing rapid growth as the crypto ecosystem expands and its increased use is a tailwind for the company going forward.</p>\n<p>“We believe COIN, the most popular consumer-facing cryptocurrency exchange in the U.S., is positioned to be a primary beneficiary of the increased adoption of Bitcoin and other digital assets as it continues to scale in the U.S. and internationally,” Palmer said.</p>\n<p>Coinbase reported revenue of $1.8 billion for the first quarter, which was more than its entire fiscal 2020. One concern was the company’s cautious tone that the first-quarter results shouldn’t be viewed as a representation of its run rate.</p>\n<p>“We believe they demonstrated the platform’s ability to generate explosive growth,” the analyst noted.</p>\n<p>Another concern for Coinbase is its dependence on transaction fees (96% of 2020 revenue), which could make the company volatile to the crypto markets. The analyst said Coinbase is diversifying its revenue stream.</p>\n<p>Coinbase reported an 11.3% market share for the amount of the world’s crypto assets held in the first quarter. “This market share is at the core of our bullish thesis on COIN, the company’s upside could be immense,” Palmer said</p>\n<p>The $500 price target is based on a multiple of 16x estimated fiscal 2024 revenue of $8.2 billion. The analyst estimates Coinbase to report revenue of $6.1 billion in fiscal 2021 and $6.3 billion in fiscal 2022.</p>\n<p>“We believe COIN should be regarded as a market leader in a category characterized by rapid and apparently sustainable growth driven by significant changes in consumers’ behaviors and their adoption of new technology,” the analyst said, adding that there are other comparable category leaders such as&nbsp;<b>Zoom Video Communications Inc</b>,<b>Tesla Inc</b>&nbsp;and&nbsp;<b>Snowflake Inc</b>.</p>\n<p><b>COIN Price Action:</b>Shares of Coinbase are down 1.68% to $322.75 on&nbsp;Thursday.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1160288453","content_text":"One of most anticipated IPOs of 2021 took place Wednesday with Coinbase Global hitting the public markets. The cryptocurrency exchange companyopenedfor trading at $381 a share. An analyst believes shares can go much higher than Wednesday’s opening price.\nThe Coinbase Analyst:BTIG analyst Mark Palmer initiated shares of Coinbase with a Buy rating and $500 price target.\nThe Analyst Takeaways: Palmer called Coinbase the gold standard among digital asset exchanges.\nCoinbase is seeing rapid growth as the crypto ecosystem expands and its increased use is a tailwind for the company going forward.\n“We believe COIN, the most popular consumer-facing cryptocurrency exchange in the U.S., is positioned to be a primary beneficiary of the increased adoption of Bitcoin and other digital assets as it continues to scale in the U.S. and internationally,” Palmer said.\nCoinbase reported revenue of $1.8 billion for the first quarter, which was more than its entire fiscal 2020. One concern was the company’s cautious tone that the first-quarter results shouldn’t be viewed as a representation of its run rate.\n“We believe they demonstrated the platform’s ability to generate explosive growth,” the analyst noted.\nAnother concern for Coinbase is its dependence on transaction fees (96% of 2020 revenue), which could make the company volatile to the crypto markets. The analyst said Coinbase is diversifying its revenue stream.\nCoinbase reported an 11.3% market share for the amount of the world’s crypto assets held in the first quarter. “This market share is at the core of our bullish thesis on COIN, the company’s upside could be immense,” Palmer said\nThe $500 price target is based on a multiple of 16x estimated fiscal 2024 revenue of $8.2 billion. The analyst estimates Coinbase to report revenue of $6.1 billion in fiscal 2021 and $6.3 billion in fiscal 2022.\n“We believe COIN should be regarded as a market leader in a category characterized by rapid and apparently sustainable growth driven by significant changes in consumers’ behaviors and their adoption of new technology,” the analyst said, adding that there are other comparable category leaders such as Zoom Video Communications Inc,Tesla Inc and Snowflake Inc.\nCOIN Price Action:Shares of Coinbase are down 1.68% to $322.75 on Thursday.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4050174,"gmtCreate":1618545779358,"gmtModify":1635737957119,"authorId":3566111551860327,"author":{"id":3566111551860327,"idStr":"3566111551860327","authorId":3566111551860327,"name":"Jo5tarz","avatar":"https://static.tigerbbs.com/8cdaa131f223c2f17b3669bce62cc05e","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":370928913,"type":1,"supId":0,"prevId":0,"content":"go go <u>go</u>","text":"go go <u>go</u>","html":"go go <u>go</u>"},{"id":4050496,"gmtCreate":1618548749012,"gmtModify":1635737933845,"authorId":3572178765557939,"author":{"id":3572178765557939,"idStr":"3572178765557939","authorId":3572178765557939,"name":"chanfw","avatar":"https://static.tigerbbs.com/ff5c9666d30587e0569a419a34b34d31","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":370928913,"type":1,"supId":0,"prevId":0,"content":"Yup","text":"Yup","html":"Yup"},{"id":4050647,"gmtCreate":1618550303749,"gmtModify":1635737922369,"authorId":3573867592483255,"author":{"id":3573867592483255,"idStr":"3573867592483255","authorId":3573867592483255,"name":"SThang","avatar":"https://static.tigerbbs.com/b384ec0a131a035c9730e70055cdba15","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":370928913,"type":1,"supId":0,"prevId":0,"content":"Lol good point","text":"Lol good point","html":"Lol good point"}],"langContent":"EN"},{"id":370915025,"gmtCreate":1618542900167,"gmtModify":1634292192836,"author":{"id":"3581506425446723","authorId":"3581506425446723","name":"Darrentay","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"3581506425446723","idStr":"3581506425446723"},"htmlText":"Wah","listText":"Wah","text":"Wah","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/370915025","repostId":1160288453,"repostType":4,"repost":{"id":"1160288453","kind":"news","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1618540779,"share":"https://www.laohu8.com/m/news/1160288453?lang=&edition=full","pubTime":"2021-04-16 10:39","market":"us","language":"en","title":"Why Coinbase's Upside Could Be Immense, With A Price Target Of $500","url":"https://stock-news.laohu8.com/highlight/detail?id=1160288453","media":"Benzinga","summary":"One of most anticipated IPOs of 2021 took place Wednesday with Coinbase Global hitting the public ma","content":"<p>One of most anticipated IPOs of 2021 took place Wednesday with&nbsp;<b>Coinbase Global</b>&nbsp;hitting the public markets. The cryptocurrency exchange companyopenedfor trading at $381 a share. An analyst believes shares can go much higher than Wednesday’s opening price.</p>\n<p><b>The Coinbase Analyst:</b>BTIG analyst Mark Palmer initiated&nbsp;shares of Coinbase with a Buy rating and $500 price target.</p>\n<p><b>The Analyst Takeaways:</b>&nbsp;Palmer called Coinbase&nbsp;the gold standard among digital asset exchanges.</p>\n<p>Coinbase is seeing rapid growth as the crypto ecosystem expands and its increased use is a tailwind for the company going forward.</p>\n<p>“We believe COIN, the most popular consumer-facing cryptocurrency exchange in the U.S., is positioned to be a primary beneficiary of the increased adoption of Bitcoin and other digital assets as it continues to scale in the U.S. and internationally,” Palmer said.</p>\n<p>Coinbase reported revenue of $1.8 billion for the first quarter, which was more than its entire fiscal 2020. One concern was the company’s cautious tone that the first-quarter results shouldn’t be viewed as a representation of its run rate.</p>\n<p>“We believe they demonstrated the platform’s ability to generate explosive growth,” the analyst noted.</p>\n<p>Another concern for Coinbase is its dependence on transaction fees (96% of 2020 revenue), which could make the company volatile to the crypto markets. The analyst said Coinbase is diversifying its revenue stream.</p>\n<p>Coinbase reported an 11.3% market share for the amount of the world’s crypto assets held in the first quarter. “This market share is at the core of our bullish thesis on COIN, the company’s upside could be immense,” Palmer said</p>\n<p>The $500 price target is based on a multiple of 16x estimated fiscal 2024 revenue of $8.2 billion. The analyst estimates Coinbase to report revenue of $6.1 billion in fiscal 2021 and $6.3 billion in fiscal 2022.</p>\n<p>“We believe COIN should be regarded as a market leader in a category characterized by rapid and apparently sustainable growth driven by significant changes in consumers’ behaviors and their adoption of new technology,” the analyst said, adding that there are other comparable category leaders such as&nbsp;<b>Zoom Video Communications Inc</b>,<b>Tesla Inc</b>&nbsp;and&nbsp;<b>Snowflake Inc</b>.</p>\n<p><b>COIN Price Action:</b>Shares of Coinbase are down 1.68% to $322.75 on&nbsp;Thursday.</p>","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>Why Coinbase's Upside Could Be Immense, With A Price Target Of $500</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\">\nWhy Coinbase's Upside Could Be Immense, With A Price Target Of $500\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/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2021-04-16 10:39</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p>One of most anticipated IPOs of 2021 took place Wednesday with&nbsp;<b>Coinbase Global</b>&nbsp;hitting the public markets. The cryptocurrency exchange companyopenedfor trading at $381 a share. An analyst believes shares can go much higher than Wednesday’s opening price.</p>\n<p><b>The Coinbase Analyst:</b>BTIG analyst Mark Palmer initiated&nbsp;shares of Coinbase with a Buy rating and $500 price target.</p>\n<p><b>The Analyst Takeaways:</b>&nbsp;Palmer called Coinbase&nbsp;the gold standard among digital asset exchanges.</p>\n<p>Coinbase is seeing rapid growth as the crypto ecosystem expands and its increased use is a tailwind for the company going forward.</p>\n<p>“We believe COIN, the most popular consumer-facing cryptocurrency exchange in the U.S., is positioned to be a primary beneficiary of the increased adoption of Bitcoin and other digital assets as it continues to scale in the U.S. and internationally,” Palmer said.</p>\n<p>Coinbase reported revenue of $1.8 billion for the first quarter, which was more than its entire fiscal 2020. One concern was the company’s cautious tone that the first-quarter results shouldn’t be viewed as a representation of its run rate.</p>\n<p>“We believe they demonstrated the platform’s ability to generate explosive growth,” the analyst noted.</p>\n<p>Another concern for Coinbase is its dependence on transaction fees (96% of 2020 revenue), which could make the company volatile to the crypto markets. The analyst said Coinbase is diversifying its revenue stream.</p>\n<p>Coinbase reported an 11.3% market share for the amount of the world’s crypto assets held in the first quarter. “This market share is at the core of our bullish thesis on COIN, the company’s upside could be immense,” Palmer said</p>\n<p>The $500 price target is based on a multiple of 16x estimated fiscal 2024 revenue of $8.2 billion. The analyst estimates Coinbase to report revenue of $6.1 billion in fiscal 2021 and $6.3 billion in fiscal 2022.</p>\n<p>“We believe COIN should be regarded as a market leader in a category characterized by rapid and apparently sustainable growth driven by significant changes in consumers’ behaviors and their adoption of new technology,” the analyst said, adding that there are other comparable category leaders such as&nbsp;<b>Zoom Video Communications Inc</b>,<b>Tesla Inc</b>&nbsp;and&nbsp;<b>Snowflake Inc</b>.</p>\n<p><b>COIN Price Action:</b>Shares of Coinbase are down 1.68% to $322.75 on&nbsp;Thursday.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1160288453","content_text":"One of most anticipated IPOs of 2021 took place Wednesday with Coinbase Global hitting the public markets. The cryptocurrency exchange companyopenedfor trading at $381 a share. An analyst believes shares can go much higher than Wednesday’s opening price.\nThe Coinbase Analyst:BTIG analyst Mark Palmer initiated shares of Coinbase with a Buy rating and $500 price target.\nThe Analyst Takeaways: Palmer called Coinbase the gold standard among digital asset exchanges.\nCoinbase is seeing rapid growth as the crypto ecosystem expands and its increased use is a tailwind for the company going forward.\n“We believe COIN, the most popular consumer-facing cryptocurrency exchange in the U.S., is positioned to be a primary beneficiary of the increased adoption of Bitcoin and other digital assets as it continues to scale in the U.S. and internationally,” Palmer said.\nCoinbase reported revenue of $1.8 billion for the first quarter, which was more than its entire fiscal 2020. One concern was the company’s cautious tone that the first-quarter results shouldn’t be viewed as a representation of its run rate.\n“We believe they demonstrated the platform’s ability to generate explosive growth,” the analyst noted.\nAnother concern for Coinbase is its dependence on transaction fees (96% of 2020 revenue), which could make the company volatile to the crypto markets. The analyst said Coinbase is diversifying its revenue stream.\nCoinbase reported an 11.3% market share for the amount of the world’s crypto assets held in the first quarter. “This market share is at the core of our bullish thesis on COIN, the company’s upside could be immense,” Palmer said\nThe $500 price target is based on a multiple of 16x estimated fiscal 2024 revenue of $8.2 billion. The analyst estimates Coinbase to report revenue of $6.1 billion in fiscal 2021 and $6.3 billion in fiscal 2022.\n“We believe COIN should be regarded as a market leader in a category characterized by rapid and apparently sustainable growth driven by significant changes in consumers’ behaviors and their adoption of new technology,” the analyst said, adding that there are other comparable category leaders such as Zoom Video Communications Inc,Tesla Inc and Snowflake Inc.\nCOIN Price Action:Shares of Coinbase are down 1.68% to $322.75 on Thursday.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":370912826,"gmtCreate":1618542831965,"gmtModify":1634292193316,"author":{"id":"3575242933917282","authorId":"3575242933917282","name":"Ghossstsam","avatar":"https://static.tigerbbs.com/4f40137f908781b15d3832845cc3f732","vip":1,"crmLevel":4,"crmLevelSwitch":0,"authorIdStr":"3575242933917282","idStr":"3575242933917282"},"htmlText":"Comment","listText":"Comment","text":"Comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/370912826","repostId":1160288453,"repostType":4,"repost":{"id":"1160288453","kind":"news","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1618540779,"share":"https://www.laohu8.com/m/news/1160288453?lang=&edition=full","pubTime":"2021-04-16 10:39","market":"us","language":"en","title":"Why Coinbase's Upside Could Be Immense, With A Price Target Of $500","url":"https://stock-news.laohu8.com/highlight/detail?id=1160288453","media":"Benzinga","summary":"One of most anticipated IPOs of 2021 took place Wednesday with Coinbase Global hitting the public ma","content":"<p>One of most anticipated IPOs of 2021 took place Wednesday with&nbsp;<b>Coinbase Global</b>&nbsp;hitting the public markets. The cryptocurrency exchange companyopenedfor trading at $381 a share. An analyst believes shares can go much higher than Wednesday’s opening price.</p>\n<p><b>The Coinbase Analyst:</b>BTIG analyst Mark Palmer initiated&nbsp;shares of Coinbase with a Buy rating and $500 price target.</p>\n<p><b>The Analyst Takeaways:</b>&nbsp;Palmer called Coinbase&nbsp;the gold standard among digital asset exchanges.</p>\n<p>Coinbase is seeing rapid growth as the crypto ecosystem expands and its increased use is a tailwind for the company going forward.</p>\n<p>“We believe COIN, the most popular consumer-facing cryptocurrency exchange in the U.S., is positioned to be a primary beneficiary of the increased adoption of Bitcoin and other digital assets as it continues to scale in the U.S. and internationally,” Palmer said.</p>\n<p>Coinbase reported revenue of $1.8 billion for the first quarter, which was more than its entire fiscal 2020. One concern was the company’s cautious tone that the first-quarter results shouldn’t be viewed as a representation of its run rate.</p>\n<p>“We believe they demonstrated the platform’s ability to generate explosive growth,” the analyst noted.</p>\n<p>Another concern for Coinbase is its dependence on transaction fees (96% of 2020 revenue), which could make the company volatile to the crypto markets. The analyst said Coinbase is diversifying its revenue stream.</p>\n<p>Coinbase reported an 11.3% market share for the amount of the world’s crypto assets held in the first quarter. “This market share is at the core of our bullish thesis on COIN, the company’s upside could be immense,” Palmer said</p>\n<p>The $500 price target is based on a multiple of 16x estimated fiscal 2024 revenue of $8.2 billion. The analyst estimates Coinbase to report revenue of $6.1 billion in fiscal 2021 and $6.3 billion in fiscal 2022.</p>\n<p>“We believe COIN should be regarded as a market leader in a category characterized by rapid and apparently sustainable growth driven by significant changes in consumers’ behaviors and their adoption of new technology,” the analyst said, adding that there are other comparable category leaders such as&nbsp;<b>Zoom Video Communications Inc</b>,<b>Tesla Inc</b>&nbsp;and&nbsp;<b>Snowflake Inc</b>.</p>\n<p><b>COIN Price Action:</b>Shares of Coinbase are down 1.68% to $322.75 on&nbsp;Thursday.</p>","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>Why Coinbase's Upside Could Be Immense, With A Price Target Of $500</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\">\nWhy Coinbase's Upside Could Be Immense, With A Price Target Of $500\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/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2021-04-16 10:39</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p>One of most anticipated IPOs of 2021 took place Wednesday with&nbsp;<b>Coinbase Global</b>&nbsp;hitting the public markets. The cryptocurrency exchange companyopenedfor trading at $381 a share. An analyst believes shares can go much higher than Wednesday’s opening price.</p>\n<p><b>The Coinbase Analyst:</b>BTIG analyst Mark Palmer initiated&nbsp;shares of Coinbase with a Buy rating and $500 price target.</p>\n<p><b>The Analyst Takeaways:</b>&nbsp;Palmer called Coinbase&nbsp;the gold standard among digital asset exchanges.</p>\n<p>Coinbase is seeing rapid growth as the crypto ecosystem expands and its increased use is a tailwind for the company going forward.</p>\n<p>“We believe COIN, the most popular consumer-facing cryptocurrency exchange in the U.S., is positioned to be a primary beneficiary of the increased adoption of Bitcoin and other digital assets as it continues to scale in the U.S. and internationally,” Palmer said.</p>\n<p>Coinbase reported revenue of $1.8 billion for the first quarter, which was more than its entire fiscal 2020. One concern was the company’s cautious tone that the first-quarter results shouldn’t be viewed as a representation of its run rate.</p>\n<p>“We believe they demonstrated the platform’s ability to generate explosive growth,” the analyst noted.</p>\n<p>Another concern for Coinbase is its dependence on transaction fees (96% of 2020 revenue), which could make the company volatile to the crypto markets. The analyst said Coinbase is diversifying its revenue stream.</p>\n<p>Coinbase reported an 11.3% market share for the amount of the world’s crypto assets held in the first quarter. “This market share is at the core of our bullish thesis on COIN, the company’s upside could be immense,” Palmer said</p>\n<p>The $500 price target is based on a multiple of 16x estimated fiscal 2024 revenue of $8.2 billion. The analyst estimates Coinbase to report revenue of $6.1 billion in fiscal 2021 and $6.3 billion in fiscal 2022.</p>\n<p>“We believe COIN should be regarded as a market leader in a category characterized by rapid and apparently sustainable growth driven by significant changes in consumers’ behaviors and their adoption of new technology,” the analyst said, adding that there are other comparable category leaders such as&nbsp;<b>Zoom Video Communications Inc</b>,<b>Tesla Inc</b>&nbsp;and&nbsp;<b>Snowflake Inc</b>.</p>\n<p><b>COIN Price Action:</b>Shares of Coinbase are down 1.68% to $322.75 on&nbsp;Thursday.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1160288453","content_text":"One of most anticipated IPOs of 2021 took place Wednesday with Coinbase Global hitting the public markets. The cryptocurrency exchange companyopenedfor trading at $381 a share. An analyst believes shares can go much higher than Wednesday’s opening price.\nThe Coinbase Analyst:BTIG analyst Mark Palmer initiated shares of Coinbase with a Buy rating and $500 price target.\nThe Analyst Takeaways: Palmer called Coinbase the gold standard among digital asset exchanges.\nCoinbase is seeing rapid growth as the crypto ecosystem expands and its increased use is a tailwind for the company going forward.\n“We believe COIN, the most popular consumer-facing cryptocurrency exchange in the U.S., is positioned to be a primary beneficiary of the increased adoption of Bitcoin and other digital assets as it continues to scale in the U.S. and internationally,” Palmer said.\nCoinbase reported revenue of $1.8 billion for the first quarter, which was more than its entire fiscal 2020. One concern was the company’s cautious tone that the first-quarter results shouldn’t be viewed as a representation of its run rate.\n“We believe they demonstrated the platform’s ability to generate explosive growth,” the analyst noted.\nAnother concern for Coinbase is its dependence on transaction fees (96% of 2020 revenue), which could make the company volatile to the crypto markets. The analyst said Coinbase is diversifying its revenue stream.\nCoinbase reported an 11.3% market share for the amount of the world’s crypto assets held in the first quarter. “This market share is at the core of our bullish thesis on COIN, the company’s upside could be immense,” Palmer said\nThe $500 price target is based on a multiple of 16x estimated fiscal 2024 revenue of $8.2 billion. The analyst estimates Coinbase to report revenue of $6.1 billion in fiscal 2021 and $6.3 billion in fiscal 2022.\n“We believe COIN should be regarded as a market leader in a category characterized by rapid and apparently sustainable growth driven by significant changes in consumers’ behaviors and their adoption of new technology,” the analyst said, adding that there are other comparable category leaders such as Zoom Video Communications Inc,Tesla Inc and Snowflake Inc.\nCOIN Price Action:Shares of Coinbase are down 1.68% to $322.75 on Thursday.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4050116,"gmtCreate":1618545387607,"gmtModify":1635737959932,"authorId":3571617352047146,"author":{"id":3571617352047146,"idStr":"3571617352047146","authorId":3571617352047146,"name":"kokkeong","avatar":"https://static.tigerbbs.com/aaa42aa3cca43a0150f6bc4498596541","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":370912826,"type":1,"supId":0,"prevId":0,"content":"<u>Ok</u>","text":"<u>Ok</u>","html":"<u>Ok</u>"}],"langContent":"EN"},{"id":370911498,"gmtCreate":1618542560014,"gmtModify":1631885490086,"author":{"id":"3555474339085952","authorId":"3555474339085952","name":"HCLim","avatar":"https://static.tigerbbs.com/276f030fe24f51c6d83dbf0e7a3724f6","vip":1,"crmLevel":5,"crmLevelSwitch":0,"authorIdStr":"3555474339085952","idStr":"3555474339085952"},"htmlText":"Time to buy some","listText":"Time to buy some","text":"Time to buy some","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/370911498","repostId":1160288453,"repostType":4,"repost":{"id":"1160288453","kind":"news","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1618540779,"share":"https://www.laohu8.com/m/news/1160288453?lang=&edition=full","pubTime":"2021-04-16 10:39","market":"us","language":"en","title":"Why Coinbase's Upside Could Be Immense, With A Price Target Of $500","url":"https://stock-news.laohu8.com/highlight/detail?id=1160288453","media":"Benzinga","summary":"One of most anticipated IPOs of 2021 took place Wednesday with Coinbase Global hitting the public ma","content":"<p>One of most anticipated IPOs of 2021 took place Wednesday with&nbsp;<b>Coinbase Global</b>&nbsp;hitting the public markets. The cryptocurrency exchange companyopenedfor trading at $381 a share. An analyst believes shares can go much higher than Wednesday’s opening price.</p>\n<p><b>The Coinbase Analyst:</b>BTIG analyst Mark Palmer initiated&nbsp;shares of Coinbase with a Buy rating and $500 price target.</p>\n<p><b>The Analyst Takeaways:</b>&nbsp;Palmer called Coinbase&nbsp;the gold standard among digital asset exchanges.</p>\n<p>Coinbase is seeing rapid growth as the crypto ecosystem expands and its increased use is a tailwind for the company going forward.</p>\n<p>“We believe COIN, the most popular consumer-facing cryptocurrency exchange in the U.S., is positioned to be a primary beneficiary of the increased adoption of Bitcoin and other digital assets as it continues to scale in the U.S. and internationally,” Palmer said.</p>\n<p>Coinbase reported revenue of $1.8 billion for the first quarter, which was more than its entire fiscal 2020. One concern was the company’s cautious tone that the first-quarter results shouldn’t be viewed as a representation of its run rate.</p>\n<p>“We believe they demonstrated the platform’s ability to generate explosive growth,” the analyst noted.</p>\n<p>Another concern for Coinbase is its dependence on transaction fees (96% of 2020 revenue), which could make the company volatile to the crypto markets. The analyst said Coinbase is diversifying its revenue stream.</p>\n<p>Coinbase reported an 11.3% market share for the amount of the world’s crypto assets held in the first quarter. “This market share is at the core of our bullish thesis on COIN, the company’s upside could be immense,” Palmer said</p>\n<p>The $500 price target is based on a multiple of 16x estimated fiscal 2024 revenue of $8.2 billion. The analyst estimates Coinbase to report revenue of $6.1 billion in fiscal 2021 and $6.3 billion in fiscal 2022.</p>\n<p>“We believe COIN should be regarded as a market leader in a category characterized by rapid and apparently sustainable growth driven by significant changes in consumers’ behaviors and their adoption of new technology,” the analyst said, adding that there are other comparable category leaders such as&nbsp;<b>Zoom Video Communications Inc</b>,<b>Tesla Inc</b>&nbsp;and&nbsp;<b>Snowflake Inc</b>.</p>\n<p><b>COIN Price Action:</b>Shares of Coinbase are down 1.68% to $322.75 on&nbsp;Thursday.</p>","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>Why Coinbase's Upside Could Be Immense, With A Price Target Of $500</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\">\nWhy Coinbase's Upside Could Be Immense, With A Price Target Of $500\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/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2021-04-16 10:39</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p>One of most anticipated IPOs of 2021 took place Wednesday with&nbsp;<b>Coinbase Global</b>&nbsp;hitting the public markets. The cryptocurrency exchange companyopenedfor trading at $381 a share. An analyst believes shares can go much higher than Wednesday’s opening price.</p>\n<p><b>The Coinbase Analyst:</b>BTIG analyst Mark Palmer initiated&nbsp;shares of Coinbase with a Buy rating and $500 price target.</p>\n<p><b>The Analyst Takeaways:</b>&nbsp;Palmer called Coinbase&nbsp;the gold standard among digital asset exchanges.</p>\n<p>Coinbase is seeing rapid growth as the crypto ecosystem expands and its increased use is a tailwind for the company going forward.</p>\n<p>“We believe COIN, the most popular consumer-facing cryptocurrency exchange in the U.S., is positioned to be a primary beneficiary of the increased adoption of Bitcoin and other digital assets as it continues to scale in the U.S. and internationally,” Palmer said.</p>\n<p>Coinbase reported revenue of $1.8 billion for the first quarter, which was more than its entire fiscal 2020. One concern was the company’s cautious tone that the first-quarter results shouldn’t be viewed as a representation of its run rate.</p>\n<p>“We believe they demonstrated the platform’s ability to generate explosive growth,” the analyst noted.</p>\n<p>Another concern for Coinbase is its dependence on transaction fees (96% of 2020 revenue), which could make the company volatile to the crypto markets. The analyst said Coinbase is diversifying its revenue stream.</p>\n<p>Coinbase reported an 11.3% market share for the amount of the world’s crypto assets held in the first quarter. “This market share is at the core of our bullish thesis on COIN, the company’s upside could be immense,” Palmer said</p>\n<p>The $500 price target is based on a multiple of 16x estimated fiscal 2024 revenue of $8.2 billion. The analyst estimates Coinbase to report revenue of $6.1 billion in fiscal 2021 and $6.3 billion in fiscal 2022.</p>\n<p>“We believe COIN should be regarded as a market leader in a category characterized by rapid and apparently sustainable growth driven by significant changes in consumers’ behaviors and their adoption of new technology,” the analyst said, adding that there are other comparable category leaders such as&nbsp;<b>Zoom Video Communications Inc</b>,<b>Tesla Inc</b>&nbsp;and&nbsp;<b>Snowflake Inc</b>.</p>\n<p><b>COIN Price Action:</b>Shares of Coinbase are down 1.68% to $322.75 on&nbsp;Thursday.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1160288453","content_text":"One of most anticipated IPOs of 2021 took place Wednesday with Coinbase Global hitting the public markets. The cryptocurrency exchange companyopenedfor trading at $381 a share. An analyst believes shares can go much higher than Wednesday’s opening price.\nThe Coinbase Analyst:BTIG analyst Mark Palmer initiated shares of Coinbase with a Buy rating and $500 price target.\nThe Analyst Takeaways: Palmer called Coinbase the gold standard among digital asset exchanges.\nCoinbase is seeing rapid growth as the crypto ecosystem expands and its increased use is a tailwind for the company going forward.\n“We believe COIN, the most popular consumer-facing cryptocurrency exchange in the U.S., is positioned to be a primary beneficiary of the increased adoption of Bitcoin and other digital assets as it continues to scale in the U.S. and internationally,” Palmer said.\nCoinbase reported revenue of $1.8 billion for the first quarter, which was more than its entire fiscal 2020. One concern was the company’s cautious tone that the first-quarter results shouldn’t be viewed as a representation of its run rate.\n“We believe they demonstrated the platform’s ability to generate explosive growth,” the analyst noted.\nAnother concern for Coinbase is its dependence on transaction fees (96% of 2020 revenue), which could make the company volatile to the crypto markets. The analyst said Coinbase is diversifying its revenue stream.\nCoinbase reported an 11.3% market share for the amount of the world’s crypto assets held in the first quarter. “This market share is at the core of our bullish thesis on COIN, the company’s upside could be immense,” Palmer said\nThe $500 price target is based on a multiple of 16x estimated fiscal 2024 revenue of $8.2 billion. The analyst estimates Coinbase to report revenue of $6.1 billion in fiscal 2021 and $6.3 billion in fiscal 2022.\n“We believe COIN should be regarded as a market leader in a category characterized by rapid and apparently sustainable growth driven by significant changes in consumers’ behaviors and their adoption of new technology,” the analyst said, adding that there are other comparable category leaders such as Zoom Video Communications Inc,Tesla Inc and Snowflake Inc.\nCOIN Price Action:Shares of Coinbase are down 1.68% to $322.75 on Thursday.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":370911243,"gmtCreate":1618542540782,"gmtModify":1634292194944,"author":{"id":"3572916667219493","authorId":"3572916667219493","name":"Zarkness","avatar":"https://static.tigerbbs.com/4b8c61830c4883c4232aece921d89d14","vip":1,"crmLevel":3,"crmLevelSwitch":0,"authorIdStr":"3572916667219493","idStr":"3572916667219493"},"htmlText":"Need like and comments. Thanks traders! Good luck for you 🌈🍀","listText":"Need like and comments. Thanks traders! Good luck for you 🌈🍀","text":"Need like and comments. Thanks traders! Good luck for you 🌈🍀","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/370911243","repostId":1160288453,"repostType":2,"repost":{"id":"1160288453","kind":"news","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1618540779,"share":"https://www.laohu8.com/m/news/1160288453?lang=&edition=full","pubTime":"2021-04-16 10:39","market":"us","language":"en","title":"Why Coinbase's Upside Could Be Immense, With A Price Target Of $500","url":"https://stock-news.laohu8.com/highlight/detail?id=1160288453","media":"Benzinga","summary":"One of most anticipated IPOs of 2021 took place Wednesday with Coinbase Global hitting the public ma","content":"<p>One of most anticipated IPOs of 2021 took place Wednesday with&nbsp;<b>Coinbase Global</b>&nbsp;hitting the public markets. The cryptocurrency exchange companyopenedfor trading at $381 a share. An analyst believes shares can go much higher than Wednesday’s opening price.</p>\n<p><b>The Coinbase Analyst:</b>BTIG analyst Mark Palmer initiated&nbsp;shares of Coinbase with a Buy rating and $500 price target.</p>\n<p><b>The Analyst Takeaways:</b>&nbsp;Palmer called Coinbase&nbsp;the gold standard among digital asset exchanges.</p>\n<p>Coinbase is seeing rapid growth as the crypto ecosystem expands and its increased use is a tailwind for the company going forward.</p>\n<p>“We believe COIN, the most popular consumer-facing cryptocurrency exchange in the U.S., is positioned to be a primary beneficiary of the increased adoption of Bitcoin and other digital assets as it continues to scale in the U.S. and internationally,” Palmer said.</p>\n<p>Coinbase reported revenue of $1.8 billion for the first quarter, which was more than its entire fiscal 2020. One concern was the company’s cautious tone that the first-quarter results shouldn’t be viewed as a representation of its run rate.</p>\n<p>“We believe they demonstrated the platform’s ability to generate explosive growth,” the analyst noted.</p>\n<p>Another concern for Coinbase is its dependence on transaction fees (96% of 2020 revenue), which could make the company volatile to the crypto markets. The analyst said Coinbase is diversifying its revenue stream.</p>\n<p>Coinbase reported an 11.3% market share for the amount of the world’s crypto assets held in the first quarter. “This market share is at the core of our bullish thesis on COIN, the company’s upside could be immense,” Palmer said</p>\n<p>The $500 price target is based on a multiple of 16x estimated fiscal 2024 revenue of $8.2 billion. The analyst estimates Coinbase to report revenue of $6.1 billion in fiscal 2021 and $6.3 billion in fiscal 2022.</p>\n<p>“We believe COIN should be regarded as a market leader in a category characterized by rapid and apparently sustainable growth driven by significant changes in consumers’ behaviors and their adoption of new technology,” the analyst said, adding that there are other comparable category leaders such as&nbsp;<b>Zoom Video Communications Inc</b>,<b>Tesla Inc</b>&nbsp;and&nbsp;<b>Snowflake Inc</b>.</p>\n<p><b>COIN Price Action:</b>Shares of Coinbase are down 1.68% to $322.75 on&nbsp;Thursday.</p>","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>Why Coinbase's Upside Could Be Immense, With A Price Target Of $500</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\">\nWhy Coinbase's Upside Could Be Immense, With A Price Target Of $500\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/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2021-04-16 10:39</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p>One of most anticipated IPOs of 2021 took place Wednesday with&nbsp;<b>Coinbase Global</b>&nbsp;hitting the public markets. The cryptocurrency exchange companyopenedfor trading at $381 a share. An analyst believes shares can go much higher than Wednesday’s opening price.</p>\n<p><b>The Coinbase Analyst:</b>BTIG analyst Mark Palmer initiated&nbsp;shares of Coinbase with a Buy rating and $500 price target.</p>\n<p><b>The Analyst Takeaways:</b>&nbsp;Palmer called Coinbase&nbsp;the gold standard among digital asset exchanges.</p>\n<p>Coinbase is seeing rapid growth as the crypto ecosystem expands and its increased use is a tailwind for the company going forward.</p>\n<p>“We believe COIN, the most popular consumer-facing cryptocurrency exchange in the U.S., is positioned to be a primary beneficiary of the increased adoption of Bitcoin and other digital assets as it continues to scale in the U.S. and internationally,” Palmer said.</p>\n<p>Coinbase reported revenue of $1.8 billion for the first quarter, which was more than its entire fiscal 2020. One concern was the company’s cautious tone that the first-quarter results shouldn’t be viewed as a representation of its run rate.</p>\n<p>“We believe they demonstrated the platform’s ability to generate explosive growth,” the analyst noted.</p>\n<p>Another concern for Coinbase is its dependence on transaction fees (96% of 2020 revenue), which could make the company volatile to the crypto markets. The analyst said Coinbase is diversifying its revenue stream.</p>\n<p>Coinbase reported an 11.3% market share for the amount of the world’s crypto assets held in the first quarter. “This market share is at the core of our bullish thesis on COIN, the company’s upside could be immense,” Palmer said</p>\n<p>The $500 price target is based on a multiple of 16x estimated fiscal 2024 revenue of $8.2 billion. The analyst estimates Coinbase to report revenue of $6.1 billion in fiscal 2021 and $6.3 billion in fiscal 2022.</p>\n<p>“We believe COIN should be regarded as a market leader in a category characterized by rapid and apparently sustainable growth driven by significant changes in consumers’ behaviors and their adoption of new technology,” the analyst said, adding that there are other comparable category leaders such as&nbsp;<b>Zoom Video Communications Inc</b>,<b>Tesla Inc</b>&nbsp;and&nbsp;<b>Snowflake Inc</b>.</p>\n<p><b>COIN Price Action:</b>Shares of Coinbase are down 1.68% to $322.75 on&nbsp;Thursday.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1160288453","content_text":"One of most anticipated IPOs of 2021 took place Wednesday with Coinbase Global hitting the public markets. The cryptocurrency exchange companyopenedfor trading at $381 a share. An analyst believes shares can go much higher than Wednesday’s opening price.\nThe Coinbase Analyst:BTIG analyst Mark Palmer initiated shares of Coinbase with a Buy rating and $500 price target.\nThe Analyst Takeaways: Palmer called Coinbase the gold standard among digital asset exchanges.\nCoinbase is seeing rapid growth as the crypto ecosystem expands and its increased use is a tailwind for the company going forward.\n“We believe COIN, the most popular consumer-facing cryptocurrency exchange in the U.S., is positioned to be a primary beneficiary of the increased adoption of Bitcoin and other digital assets as it continues to scale in the U.S. and internationally,” Palmer said.\nCoinbase reported revenue of $1.8 billion for the first quarter, which was more than its entire fiscal 2020. One concern was the company’s cautious tone that the first-quarter results shouldn’t be viewed as a representation of its run rate.\n“We believe they demonstrated the platform’s ability to generate explosive growth,” the analyst noted.\nAnother concern for Coinbase is its dependence on transaction fees (96% of 2020 revenue), which could make the company volatile to the crypto markets. The analyst said Coinbase is diversifying its revenue stream.\nCoinbase reported an 11.3% market share for the amount of the world’s crypto assets held in the first quarter. “This market share is at the core of our bullish thesis on COIN, the company’s upside could be immense,” Palmer said\nThe $500 price target is based on a multiple of 16x estimated fiscal 2024 revenue of $8.2 billion. The analyst estimates Coinbase to report revenue of $6.1 billion in fiscal 2021 and $6.3 billion in fiscal 2022.\n“We believe COIN should be regarded as a market leader in a category characterized by rapid and apparently sustainable growth driven by significant changes in consumers’ behaviors and their adoption of new technology,” the analyst said, adding that there are other comparable category leaders such as Zoom Video Communications Inc,Tesla Inc and Snowflake Inc.\nCOIN Price Action:Shares of Coinbase are down 1.68% to $322.75 on Thursday.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4049992,"gmtCreate":1618544204558,"gmtModify":1635737968829,"authorId":3577231591134113,"author":{"id":3577231591134113,"idStr":"3577231591134113","authorId":3577231591134113,"name":"Nzt48","avatar":"https://static.tigerbbs.com/c5f0cd8c4e1948ccc7e0a454c7af4f75","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":370911243,"type":1,"supId":0,"prevId":0,"content":"Done","text":"Done","html":"Done"},{"id":4050112,"gmtCreate":1618545351949,"gmtModify":1635737960257,"authorId":3572916667219493,"author":{"id":3572916667219493,"idStr":"3572916667219493","authorId":3572916667219493,"name":"Zarkness","avatar":"https://static.tigerbbs.com/4b8c61830c4883c4232aece921d89d14","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":370911243,"type":1,"supId":4049992,"prevId":0,"content":"Thanks nzt48. GL for u 😊","text":"Thanks nzt48. GL for u 😊","html":"Thanks nzt48. GL for u 😊"}],"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":51,"commentSize":27,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}