“We believe the visibility of COIN generating positive adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) in 2023 has increased, and its ability to diversify and generate non-trading revenue is still underappreciated,” Lau wrote in a research note to clients. Lau continued with an outperform rating on Coinbase’s shares and a $107 price target, or nearly double the current price of $57.
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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Japan Post Bank is moving toward a...
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