Coinbase Releases Third Quarter 2022 Shareholder Letter
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/25/2026
- Nasdaq, S&P end lower as tech stocks fall
- Micron posts record profit as AI memory demand fuels explosive growth
- Brent settles at lowest since before start of Iran war as more tankers exit Hormuz
- All eyes on Micron earnings tonight as sell-off raises stakes for AI memory trade
- Alphabet added to Dow Jones Industrial Average, Verizon dropped
MoffettNathanson says Coinbase (COIN) revenues begin to surge in 2024
November 7, 2022 10:28 AM ESTMoffettNathanson told investors in a note Monday that they assume the crypto winter will end in late 2023 and Coinbase (NASDAQ: COIN) revenues and trading volumes will begin to surge in 2024.
As a result, the firm described Coinbase's stock as "highly attractive" at current levels.
"Based on our forecasts, Coinbase is currently trading at an EV/EBITDA multiple of 2.0x on 2024 EBITDA," wrote... More
