COINBASE - BUY RATING
Current Price $336 Price Target $447
Coinbase has 10% of the entire crypto market on their platform. $COIN is the only US trusted crypto trading platform, therefor almost all US institutional investors use COIN to purchase crypto.This company has been deeply profitable for years and while its expensive at 600x P/E given there is almost no other pure crypto/blockchain companies that are profitable 600x is in the right direction. Love this as a long term hold! My price target of $447 would bring COIN to 100b market cap!
Current Price $336 Price Target $447
Coinbase has 10% of the entire crypto market on their platform. $COIN is the only US trusted crypto trading platform, therefor almost all US institutional investors use COIN to purchase crypto.This company has been deeply profitable for years and while its expensive at 600x P/E given there is almost no other pure crypto/blockchain companies that are profitable 600x is in the right direction. Love this as a long term hold! My price target of $447 would bring COIN to 100b market cap!